Hello My Favorite People! First off a minor correction: If you are planning on attending the seminar for non-married co-owners (see January 3rd Buzz) on January 25, you must RSVP with Pierre Beniston at Financial Title. His phone number is 415-515-0123.

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One way I can term the market right now? Weird!!! Some properties go through massive price reductions before selling. Others fly off the shelves with multiple offers.

Usually the homes that go through price “adjustments” before selling were overpriced to begin with. For example, 4302 19th Street, an extra large (1600+ square feet) Victorian condo flat at the corner of Diamond (pictured above) came on the market early last fall at $1,050,000. It then went through an aggressive series of price reductions from list price to. . .

$985,000, then to –

$949,000, then to —

$900,000. then to —-

$799,000(!!!). . .

At that point a buyer snatched it up for $830,000. At under $518 a square foot that’s a sweet deal.

On the other end of the scale, prices continue to climb in neighborhoods with small, cute houses like the Sunnyside.

106 Baden which is lovely inside but had a scary Permastone façade was listed for $699,000 and sold for $748,000. Another one on Melrose listed for $649,000 is in contract for roughly 10% over its asking price.

If you want a single family and are on a modest budget, Sunnyside is worth checking out.

Straddling Monterey Boulevard just southwest of Glen Park, the neighborhood boasts swift access to freeways and good public transit to the Glen Park or City College BART. It’s also got cute houses (many built in the 20s and 30s) and some dramatic southern views towards Daly City.

I also have a bias for the Crocker Amazon.

This foggier (and cheaper) neighborhood is further out between Geneva Avenue and the Daly City border. Broad streets and winding boulevards are the neighborhood’s hallmark and many of the homes were also built in the 1920s with Craftsman style architecture. Because not many people know this pocket neighborhood, there are some great finds here and not much overbidding.

Examples of Crocker Amazon deals:

A lovely barrel front bungalow with 1250 square feet (2br/1ba) on the corner of Rolph and Munich just closed for $659,500 and a shiny bright house with one bedroom and formal dining room on Cassandra sold for $549,000 at the end of last year.

If you’d like to see photos of available or sold homes in the Sunnyside or Chrocker Amazon, please email me and I will send them to you.It can also be fun to go open housing in these neighborhoods or other semi-secret spots

(ever heard of Sutro Heights or St Mary’s Park?), call me and I’ll point you to where I think the values are this weekend. See you next week.

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Thanks to everyone who has sent me buyers and sellers this year! I’m having a wonderful time helping the people you’ve recommended me to and look forward to hearing from more or your family and friends this year.

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The Buzz loves feedback, both good and bad. If you’d like me to cover a particular topic (or want to critique a past Buzz) please don’t be shy!

See you next week!

This entry was posted on Friday, January 12th, 2007 at 12:00 pm and is filed under San Francisco Neighborhoods, 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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