Zephyr Market Tracker
Eileen Bermingham
CalBRE # 01352627
Most Recent Sales
Address Type BR/BA/Units DOM List Price Sold Price
877 Alvarado Street SFR 3BR / 3BA 32 $2,445,000 $2,450,000
175 Yukon Street SFR 4BR / 3BA 11 $2,450,000 $2,600,000
401 Parker Avenue - -BR / -BA 7 $1,995,000 $2,118,000
251 Hartford Street SFR 3BR / 3BA 0 $2,100,000 $2,500,000
219 Brannan Street #11C Condo 1BR / 1.5BA 185 $959,900 $930,000
480 Mission Bay #709 Condo 2BR / 2BA 21 $1,428,000 $1,428,000
3834 25th Street SFR 3BR / 2.5BA 40 $2,695,000 $2,650,000
  >> View Newest Listings
San Francisco Market Overview
Family Home
2-4 Units
Median Sales Price, last 180 days $1,075,000 $930,000 $1,550,000
% Change from prior 180 days +14.6% +10.1% +10.7%
Avg. Days on Market, last 180 days 30 52 52
% Change from prior 180 days -15.5% -23.2% +13.5%
Luxurious Noe Valley
In the past 7 years, higher end housing has moved south, out of the established prestige northside areas (Pacific Heights, the Marina, and Telegraph Hill) and into Noe Valley, Cole Valley, and Eureka Valley/Dolores Heights. 40 percent of single family homes in the City that have sold for more than $2 million dollars this year can be found in this new premiere area. And of course it’s an oversimplification to suggest that Noe hasn’t been hot for long, because it has. But the numbers are an interesting shift.

It’s not exclusively high end homes, however. Noe Valley and the surrounding neighborhoods have other options as well. This enchanting top level Noe Valley condo is in a wonderfully walkable location with some of the best weather the City has to offer. A spacious eat-in kitchen with direct access to the attached deck extends living space and is great for entertaining. Two bedrooms and a sleekly updated bathroom round out this home. Offered at $799,000.

To the West in Cole Valley, this single family home was recently renovated according to the listing agent’s remarks. Three bedrooms, two-and-a-half baths and additional office space mean plenty of room for everyone. High ceilings and elegant hardwood floors bring the beauty. And the open chef’s kitchen is bound to delight the culinary-inclined. Offered at $1,499,000.

This large contemporary condo is in a three-unit building in enviable Eureka Valley. Location is fantastic. There are hardwood floors throughout this three bedroom, two bath spacious home. Additional amenities include a fireplace, in-unit washer and dryer and one car deeded parking. A beautiful landscaped backyard completes the package. Offered at $995,000.
Visit a New-To-You Bar or Restaurant and Celebrate Local History
The non profit organization SF Heritage works to "preserve and enhance San Francisco’s unique architectural and cultural identity." Part of how they pursue this mission is by running a program in the City that highlights established bars and restaurants around town. It’s called the Legacy Bars and Restaurants program and it’s a great way to get a taste of historic San Francisco.

The list of legacy faves is presented in a mapped online guide that is the first of its kind. More than 75 restaurants and bars have been inducted into the program during the first three rounds - with at least 55 more waiting in the wings. Referencing the historically and culturally significant haunts that fill our neighborhoods is a great way to explore San Francisco’s past, and celebrate those cultural resources both tangible and not. Check out a new-to-you watering hole, haunt or dive bar and take in a bit of history.

Photo: View of the bay from the Top of the Mark at the Mark Hopkins Hotel. SAN FRANCISCO HISTORY CENTER, SAN FRANCISCO PUBLIC LIBRARY.
In This Issue
Most Recent Sales
San Francisco Market Overview
Luxurious Noe Valley
What’s Proposition G?
Visit a New-To-You Bar or Restaurant and Celebrate Local History
What’s Proposition G?
You may have heard of a new proposition that’s going to be on our November ballot this year. If approved, Proposition G will impose a higher transfer tax on people who sell certain residential property within five years of purchase. The tax would increase to 24 percent in those first five years, and then drop to 14 percent after five years. The proposition was developed partially out of a tenant rights convention earlier this year and is backed by supervisors John Avalos, David Campos, Jane Kim and Eric Mar.

It’s an understatement that Bay Area dwellers are passionate about housing in the City and the surrounding areas, so the topic is of course contentious. Tenant activists in favor of the proposition argue that it is an actionable move toward protecting vulnerable tenants. And those opposing Prop G suggest it may further increase prices (due to lowering supply) and that the measure ought to include exemptions for other circumstances that might demand a sale of a recently purchased property.

Specifically, many REALTORS® are concerned that the tax is not based on the profit made on a sale, but levied against the full sale price. For example, on an $800,000 sale that took place within five years of purchase - the tax would amount to $192,000. Many agents argue that this could amount to a massive loss to sellers who need to sell for reasons that have nothing to do with speculation, potentially prompting a new surge of properties given up in foreclosure.

Like most propositions, there is always more than one angle. It’s probable that many more opinions will be shared in the coming months - so stay tuned. You can read the text of the Proposition here [PDF].
Eileen Bermingham • 415.823.4656 • ebermingham@zephyrsf.com ZephyrRE.com