San Francisco Market Focus Report – March 2013

The March issue of Market Focus Report, issued by the San Francisco Association of Realtors characterized the market by increasing residential real estate demand and shrinking supply, resulting in bidding wars between buyers that continue to send home prices upward. Sellers are very happy, buyers - not so much.

The following is an excerpt from the report, and focuses on Single Family Homes. Those of you in the know, know that you can buy a home in San Francisco throughout a broad range of neighborhoods. And depending on the neighborhood, prices currently start from $388,000 in the Southwest part of the City to an average high in the $2-$3 Million range, with the most pricey listing at $24,800,000 in Cow Hollow near the Marina district. There are currently 69 active listings over $1.5 Million. The Citywide SFH Median Sales Price currently sits at $800,000. The Active for Sale inventory is 430 and an average of 32 days on Market. Here’s an excerpt from the March report:

Single-Family Homes

Compared to February of last year, the inventory of single-family homes for sale in the City dropped by 38 percent, to a total of 430 properties The number of homes under contract also fell by 20.1 percent, while the number of homes sold decreased by 30.8 percent, to a total of 126 properties sold.

For homes that were priced below $700,000, the months of supply inventory shortened by 51.4 percent to just 1 month. For higher priced homes between $700,000 and $1.2 million, the months of supply inventory also fell, by 29.1 percent to 1.4 months.

With homes on the market selling in weeks, rather than months, home buyers are wise not to set their hearts on a particular property or neighborhood. A prime example is the Central District, made up of a diverse array of neighborhoods including Cole Valley, Mission Dolores, Haight Ashbury, Noe Valley, Twin Peaks, Clarendon Heights and Glen Park. Since February 2012, the number of homes sold in this area has jumped more than 40 percent, while just a handful - 20 total - were sold in February.

With its close proximity to Golden Gate Park, family-friendly Noe Valley and the foodie haven that is the Mission District, there may be a shortage of property, but there is no shortage of entertainment in this sought after region. The median single-family home price here is $1,602,500, up just 2.2 percent from a year ago. Year over year, the average number of days homes stay on market is just 29, down from 53 in 2012.

Noe Valley Open Houses Sunday February 23rd San Francisco

Poetry Reading & Book sgining this Monday, November 5th, 2012 in Noe Valley

Do you enjoy reading? Like hobnobbing with your neighbors?  Maybe this event is for you!!

Phonenix Books in the Noe Valley neighborhood of San Francisco has been a fixture on 24th Street since 1985 and has been in its current location since 2009. Business partners, Kate Rosenberger and George Kirby Desha originally planned to open a book store in Oakland.... but a newspaper ad brought them over to Noe Valley... they fell in love with the neighborhood and never looked back! To read their whole story, click on their photo...

The ODD MONDAYS Speaker Series began in 2001 as a program of the Noe Valley Ministry by Ramon & Judith Sender. Since May 2011, the readings have been held at Phoenix Books...

Admission is FREE for the readings, but many attendees get together beforehand for a no-host dinner at Haystacks Pizza, 24th near Sanchez, at 5:30pm.

The November 5th program is featuring Grace Marie Grafton. She will be reading her poetry and signing her book, Other Clues (2010). Readings begin at 7pm.  Phoenix Books is located at 3957 24th Street.

For more information, visit http://www.noevalley.com/forums/calendar.php?do=getinfo&eventid=31

And, to find out why the series is called Odd Mondays... click here!

Noe Valley Harvest Festival - October 27, 2012

In addition to Noe Valley's weekly Farmer's Market this Saturday, children can have their faces painted and they can visit the pumpkin patch and the petting zoo.  There will be live music and entertainment and so much more!

For adults and children alike, 24th Street between Church and Sanchez in Noe Valley will be hopping with fun activites from 10AM to 5PM this Saturday, October 27th!

And best of all - it's FREE!

For more information about all of the activities taking place, visit the Noe Valley Harvest Festival website.

Have Fun!!

Noe Valley Open Houses Saturday September 8th Beautiful Day to Buy!

   Listing #               Price                   Address                                     City                 District-Subdist                 DOM       Date      Time      Listing Office /                     Listing Agent  

400015                   $1,595,000         914 Diamond St                San Francisco     5-C         1             09/08/12                   2:00 pm - 4:00 pm           Alain Pinel, REALTORS®  Susan Ring

Comment:          

400490                   $2,596,000         39 Homestead St              San Francisco     5-C         1             09/08/12                   1:00 pm - 3:00 pm           Paragon Real Estate Group /Ric A Rocchiccioli

Comment:  Dramatic, spacious Noe Valley view home!     

Directions to Property:  On the east side of Homestead between 24th and 25th Streets.

400401                   $1,299,000         4521 25th St #2                 San Francisco     5-C         4             09/08/12                   2:00 pm - 4:30 pm           Zephyr Real Estate / Hugh D Groocock     Comment:  Top floor contemporary condo w/great Noe Valley views, dramatic open floorplan, luxury finishes, private deck. Fantastic natural light from 6 skylights. 2 fireplaces. Open both sat 9/8 & sun 9/9 from 2-4:30PM both days. Just a few blocks to Philz!  

Directions to Property:  Clipper or 24th Street to Douglass to 25th Street.  

400446                   $1,049,000         668 Elizabeth St                San Francisco     5-C         4             09/08/12                   2:00 pm - 4:00 pm           Zephyr Real Estate / Jim Beitzel  Comment:  VERY UNIQUE,BIG,SPECIAL TOP FLOOR CONDO. HUGE OPPORTUNITY TO BE TRANSFORMED INTO A 3BD/2BA. 'GREAT ROOM' W/ EXPOSED BEAM/VAULTED CEILING,COOK'S KITCHEN & GARDEN OUTLOOK. BEAUTIFUL LIGHT FILLED FRONT PARLOR W/ SKY LITES,FPLC,DETAIL. 400483      $829,000                  3555 23rd St       San Francisco     5-C         3             09/08/12              2:00 pm - 4:00 pm           Zephyr Real Estate /         Jennifer A Kauffman

Comment:  Lovely Noe Valley Edwrdn Condo near hot Valencia Corridor! Main level - lg living rm w/frplc & hardwd flrs, chef's ktchn, 2 beds, 1 bath, eating alcove, laundry, deed deck. Lower - 2 legal rms (used as 3rd bdrm) & bath, 1-pkg, storg, patio & yard.              

400632                   $949,000            33 Alvarado St #3             San Francisco     5-C         1             09/08/12                  12:00 pm - 3:00 pm          Paragon Real Estate Group /

 Tim Johnson

Comment:  First Saturday Open House!   

All data subject to ERRORS, OMISSIONS, or REVISIONS and is NOT WARRANTED.- Copyright: 2012 by San Francisco Assoc of REALTORS

Copyright ©2012 Rapattoni Corporation. All rights reserved.

U.S. Patent 6,910,045

Generated: 9/08/12 10:31am

Frank Castaldini

Your San Francisco Real Estate Advisor

www.FrankCastaldini.com

415-846-1899

Noe Valley Open Houses Sunday August 19th Beautiful Day to Buy!

It's going to be another beautiful sunny day in Noe Velley this Sunday, perfect weather for shopping for your next home.

One tip, if you really like a house that you look at tomorrow, take some time to walk around the block, listen to what sounds you hear, what does parking look like in that area, how busy are the streets with both people and cars. How welll kept up are the other properties in the area, are there local shops that appeal to you?

Hapy House Hunting!

 Noe Valley Open Houses Sunday August 19th Beautiful Day to Buy!

 Noe Valley Open Houses Sunday August 19th Beautiful Day to Buy!

www.FrankCastaldini.com

 Frank Castaldini – Your San Francisco Realtor and Trusted Advisor!

 M 415.846.1899 

DRE# 01436605