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 |
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Tag: Russian Hill
Luxury co-ops are a more challenging sell these days since many are second homes for people who live outside of the city or state. The co-op market has slowed a bit with the rise in interest rates and the bad press that SF has been recently getting resulting in some deciding not to buy their second homes here. See my discussion of co-ops in a previous blog. Fortunately, my recent co-op listing with my colleague, Joan Maze Miles, just sold, …
This month is co-op month for me with one luxury view co-op on the market now https://2164hyde202.com/ and a second coming on soon. Co-ops, which are often but not always in luxury buildings, are different than condos. A cooperative or co-op is a form of ownership in which an owner owns shares in a corporation which owns the building and signs a proprietary lease which gives them exclusive use of their unit. One of the big differences between a co-op and other …
Let’s take a deep dive into the co-op market in Russian Hill. Before we do that though, I can’t help but mention a co-op which Joan Maze Miles and I have on the market there, a beautiful gem built in 1915. (See my post that discusses co-ops). Known for breathtaking views and exceptional cuisine, Russian Hill sits on, well, a hill, with Pacific Heights and Cow Hollow to the west, North Beach and Telegraph Hill to the northeast, and Nob Hill to …
Recently, I showed a view property (view in photo) in San Francisco in Russian Hill which my clients were excited to see. The listing agent was from out of town. It was a two bedroom penthouse unit with a large deck overlooking the bay. According to the listing in the Multiple Listing Service (MLS), agents were instructed to call “Showing Time” to set up an appointment. This is a call service which I called and was told that “Showing Time” …
For a list price of $11M, one expects a spectacular residence and in Russian Hill on the 16th floor of 1750 Taylor at #1601, that is exactly what you get! I represented the buyers of this amazing home. This is a co-op residence, which is different from a condo. Co-ops are not as common in San Francisco as they are in Manhattan, for example. As an owner of a co-op you own stock in a corporation that leases the unit exclusively …
I am excited to bring on a new listing of a three bedroom Edwardian condo which I like to describe by saying “where old world charm meets modern design.” It is located at 1487 Greenwich, #32, in Russian Hill, where Russian Hill, Cow Hollow and the Marina converge. Facing Greenwich, the condo has “peek-a-boo” views of the Bay from the kitchen, dining and living rooms. It has a spacious Master Suite and two more bedrooms plus two baths. It is …
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 …
In early August, I wrote about what a great investment SF real estate is, which is no secret. I gave as examples three properties clients of mine were interested in and the profit I thought the sellers might receive based on my evaluation of what they might sell for. Now, all of their sales have just closed and I can give you the actual numbers which are even more astounding than my initial forecast. A Duboce Triangle 3 bedroom condo …
I recently saw three properties on Broker’s Tour in three different areas of the city – Duboce Triangle, Hayes Valley, and Russian Hill. All have offer dates this week. The interesting thing about these three properties was how much they have each appreciated, two of them in a relatively short period of time (less than 6 years) and one of them in 9 years. The Duboce Triangle 3 bedroom condo was purchased by the sellers in 2011 for $969,000. The …