This past year with interest rates shooting up to 8% at one point, and bad publicity for San Francisco about homelessness and crime, the real estate market slowed. This particularly affected the co-op market (often a second home market in SF, which has been particularly sensitive to the bad publicity). Most people are familiar with condos, which is ownership of a unit in a multi-family property that can include non-exclusive use of some other parts of the property. An owner …
Carol Solfanelli | Compass | DRE License # 01347033 |
415-297-7031 | carol.solfanelli@compass.com
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
Tag: Nob Hill
Last year when people asked me about the real estate market, I told them it was a great time to buy. You don’t often see a buyer’s market in San Francisco but last year was it. Condo prices were down, particularly in elevator buildings in South of Market, and homes, while holding their value, were not appreciating like they had in the past. Some people told me they would wait until next year as they thought the market would continue …
It feels like a cooler wind is hitting our market. I saw twelve properties of varying price points between $699,000 and $4,700,000 on Broker’s Tour today. They were in the north and south ends of the city, including Presidio Heights, Pacific Heights, Nob Hill, Russian Hill, Noe Valley, the Inner Mission and Glen Park. In a hot market, some agents list properties with an “offer date,” a date when offers will be reviewed, to create a sense of urgency and …
I enjoy helping sellers get their best price! I recently sold my client’s lovely 3 bedroom condo in Nob Hill. Here is what she had to say: “I had been following Carol Solfanelli’s career as a real estate professional for years after friends chose her to sell their place, so when it was time to sell mine, I contacted her for an appointment. Having once served as a part-time real estate professional in Massachusetts, I used my estimates to compare …
I just reduced the price of my Nob Hill listing – an architectural gem of a condo at the St. Elizabeth. (901Powell8.com) It has 3 bedrooms and 2 baths and according to tax records, it is 1562 square feet. It was originally listed for $1,395,000 and received an offer almost immediately – under asking which my client did not accept or counter. The price now is $1,299,000. At $831.63 per square foot, it’s a real bargain in Nob Hill where …