Hello My Favorite People!

The market continues hot and heavy for all types of properties. Still more listings that have sat on the market for awhile have finally gone into escrow— like a stunning townhouse at 1070 Capp, listed for $969,000 (on market since mid-December); a great set of partner-perfect flats at Octavia and Green (originally listed for $2,250,000 at the end of October—sold aquickly after it was reduced to $2,000,000), and 780 Andover, a 2br/1ba Bernal Heights contemporary home, which came on the market at the end of September for $685,000. Even South Beach where the inventory is a little deeper is moving—yesterday a Paragon agent ratified an offer on a view unit at 400 Beale that’s been listed for $1,150,000 since mid-November.

BThe strong demand for investment property also paid off for the owners of the 8-unit building near Duboce Park I mentioned a couple of weeks ago —380 Noe, listed for $995,000 received 14 offers. I heard that the accepted bid may be upwards of $1.4M—a spectacular price for a heavy fixer with a brick foundation and long-term tenants. Email or call if you want the precise sales price—I can let you know after it closes escrow.

Some good deals coming up at Paragon— a 2br/2ba North Slope Bernal home listed for $589,000 and a teacup-sized studio condo on one of Russian Hill’s best blocks for $329,000— an ideal pied-a-terre for someone who needs to go in and out of the City on business. It’s almost cheaper for you or your company to own this place than pay for a hotel room if you use it more than 5X a month. And it looks like something out of Architectural Digest—I think it was even featured in one of their spreads on how to make the most of small spaces.

Other great deals I saw this week are: a four-room condominium flat with parking in a great Cow Hollow location listed for $675,000, and a 2br/1ba condo on Arguello listed for $699,000. I also like our Paragon listing just off Folsom Street—a loft unit with full bedroom down (with a door, a closet and everything) listed for $569,000.

I will be holding another fine value open this Sunday—140 South Van Ness, #1143, a big, big (883 sf) 1-br condo recently reduced to $619,000. Come by and visit!

See you next week with further updates on hot buys and other items of interest!

This entry was posted on Friday, February 3rd, 2006 at 12:00 pm and is filed under Hot Properties, Market Conditions. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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