Just Listed!! 87 Shady Lane in Ross – Exclusively Offered at $2,295,000

Please join us for the:

Broker’s Open: Thursday, March 26th from 11am-2pm

Catered Lunch, Hosted by Bart Welles of Mortgage Services Professionals.

Bring and send your clients!

Open House: Sunday, March 29th from 1-4pm

1. Exterior Back DSC_3611

Located on one of the most coveted streets in Ross, 87 Shady Lane offers one level living with three bedrooms and three baths, open floor plan, great indoor-outdoor connection, beautiful gardens and a pool.  The gated 2,198 square foot residence is perfectly sited on .2373 level acres (per tax record) and enjoys all day sun, convenient access to both Downtown Ross and San Anselmo, the award winning Ross School, the Branson School, Phoenix Lake and a myriad of hiking and biking trails.

For additional photos and information, please visit: www.87ShadyLane.com

 

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CHINA’S ELITE BUY BAY AREA PROPERTIES AT RECORD RATE

It’s one of the most lucrative matchmaking events on the planet where realtors from 26 countries meet some of the wealthiest people in China. An invitation-only real estate trade show, highlighting elite properties from around the world, was held last December in Shanghai.

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But American realtors have the upper hand. Overseas Chinese spent $22 billion buying homes in the U.S. from March 2013 to the same period in 2014. That was up a whopping 72 percent from the year before and California is their most popular market.

“Offers are coming in from Chinese nationals. They’re all cash. They can close in seven days,” Michael Repka, the CEO of DeLeon Realty in Palo Alto, said. 

“There’s no loan contingency, no inspection and no appraisal,” Michi Olson from Alain Pinel Realtorssaid. “We just had one in the East Bay with 53 offers and the property went for $200,000 over the asking price.” 

Olson said the one who bought the East Bay property was from China.

At these trade shows, potential buyers look at videos showcasing homes from the Bay Area. Some buy them sight unseen.

“So they watch these high-end videos that walk people through the property and they a sense both the neighborhood and the house and then they will just wire the money in,” Repka said.

Competition among realtors is stiff. DeLeon’s marketing strategy includes videos and a website in Chinese. They also bought a Mercedes van to take buyers to open houses and have a plane to show Chinese the splendor of the Bay Area. The plane has a lucky Chinese number on its identification markings — an eight, not one but two of them. Local realtors are doing just about everything to get a slice of the Chinese pie.

Realtors are even asking cities to change addresses of homes Chinese are interested in, with the number four. That’s because the number four means “death” in Chinese — a definite no sale.

Hillsborough realtor Stanley Lo, from The Green Banker, has represented Chinese buyers for some two decades. He sells luxury homes that can go for $7 million and include six bedrooms, two dining rooms, a pool and a two-story guest house. The seller is a Chinese who wants a bigger home. So who are his clients?

“It’s a combination of entrepreneurs, businessmen, developers and real estate tycoons,” Lo said. 

Many of the homes they buy remain vacant most of the year. They’re called “ghost houses.” We saw one example that is $9 million property bought by a Chinese family.

“They actually came and purchased the home, but their purpose was only to come here next summer,” Olson said. 

A burgeoning middle class is now looking to invest their money in a safe haven, away from China’s polluted air and political and economic uncertainties. Additionally, in China you never have home ownership.

“In China, it’s a 70-year lease, so there are uncertainties. Nobody knows what’s going to happen 70 years from now right?” said one realtor. 

That’s another good reason to buy American.

Source: http://abc7news.com/realestate/chinas-elite-buy-bay-area-properties-at-record-rate/506609/

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Bay Area Projected to Lead U.S. for Multifamily Housing Income Growth in 2015

Multifamily property owners in major Bay Area regions can expect to see the largest gross effective income gains in the U.S. this year, thanks in part to a robust job market and limited supply, says a new report from Freddie Mac.hundreds

According to the company’s 2015 Multifamily Outlook, gross effective income for multifamily properties in the San Francisco metro area will increase by 4.9 percent this year, the largest projected gains of the top 70 metro areas in the country. The Oakland metro area ranks No. 2 on the list, with multifamily property income expected to grow by 4.2 percent. The San Jose metro area ties for fourth-highest projected multifamily property income gains in the country – 3.9 percent.

Rents in all three metro areas are expected to grow faster this year than their historical averages between 2000 and 2007, according to a chart accompanying the outlook. The Bay Area should also have fewer multifamily vacancies than the projected U.S. average of 4.8 percent. Freddie Mac forecasts 2015’s vacancy rate will be 3.0 percent inSan Francisco and 3.2 percent in Oakland and San Jose.

Freddie Mac identifies Oakland as one of the seven U.S. metro areas hit hardest during the recession and takes a closer look at the factors shaping the region’s multifamily housing market.

Oakland is one of three hardest-hit markets to regain all the jobs lost during the last economic crisis, according to Freddie Mac. Booming economic growth in San Francisco and San Jose will also help fuel demand and keep vacancy rates low.

“Much of the demand for housing in Oakland is coming from the thriving economies of neighboring San Francisco and San Jose,” Freddie Mac wrote. “As residents are being priced out of these Bay Area cities, people are moving to Oakland for more affordable housing. This will keep rent growth elevated and vacancies low, even as new supply comes online.”

Freddie Mac says that multifamily property owners in Oakland can expect rent-price growth to taper off in 2015 as more units reach the market, characterizing current construction activity in the region as “moderate.” The company also notes that San Jose had one of the highest levels of multifamily housing starts in the country in 2014.

Source: http://blog.pacunion.com/freddie-mac-2015-multifamily-outlook/

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JUST LISTED!! 117 Laurel Grove Avenue, Ross – Exclusively Offered at $6,995,000

A premiere, private estate, 117 Laurel Grove is in the middle of everywhere-San Francisco, Silicon Valley, Wine Country, trails, beaches and ski areas-yet occupies a world all its own.

 117 Laurel Grove_Exterior House Shot

South-facing on a green knoll with views of Mt. Tam and Mt. Baldy from almost every room, this unique house offers authentic, classical architectural character updated with contemporary styling and an ideal floor plan.

 Family Room_DDL

On the main level, the front door opens from a protected front porch into a foyer with the living room on the left and to the right, the dining room giving way to a formal butler’s pantry, kitchen and family room. A wide central staircase rises to a generous landing opening onto a master bedroom suite and three other gracefully proportioned bedrooms and baths.

 Kitchen 2_DDL

A sunny third story houses a fifth bedroom and bath, a playroom (or possible sixth bedroom, in-law suite or office), four walk-in closets, and generous additional storage space.

 Porch_DDL

The 1300-square-foot ground floor includes a wine cellar, a library with floor-to-ceiling glassed in bookcases, and a second large-windowed room with impeccably finished built-in shelves and cupboards. This level features three outside entrances and ample adjacent parking with easy access to a separate garage, carport, and gym. Either room could accommodate several workstations or be set up, as now, as a commodious personal library/office and separate entertainment area. Additional storage space, a separate bath, and sound-proofing from the rest of the house afford maximum flexibility for use of this space: home office, teenager retreat, playroom or schoolroom, hobby area and more.

Living Room_DDL

The grounds are stunning, with stone paths, roses, oaks and redwoods and other mature plantings surrounding a 15’x 50′ lap pool set in a level lawn. An orchard, a tree house, a rope swing, and a guest cottage are destinations off the footpaths that wind through gardens planted with boxwood topiaries and parterres as well as lush native species. A private well is used for irrigation.

 Dining Room 2_DDL

This superb, approximately 7,100 square foot home occupies a private, tree-screened world on nearly 1.5 acres, offering a resort-like setting with easy access to…everywhere.

For additional photos and information, please visit: www.117LaurelGroveAvenue.com

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Mortgage Rates Move Up From 21-Month Lows

Mortgage-Market-Survey-2-12-15

Erasing a one week dip to a 21-month low, the average rate for a conforming 30-year mortgage increased from 3.59 percent to 3.69 percent but remains 59 basis points below the 4.28 percent average rate at the same time last year.

Averaging 6.7 percent over the past twenty years, the 30-year rate hit all-time low of 3.31 percent in November 2012 and a three-year high of 4.58 percent in August 2013.

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Pacific Union Honored for Unique China Concierge Program

Pacific Union is thrilled to announce that we’ve been honored as “Best San Francisco Bay Area Luxury Real Estate Agency” by Hurun Report, a respected and influential publication that targets high-net-worth individuals in China.

At a Jan. 29 ceremony at the Pudong Ritz Carlton in Shanghai, Pacific Union Vice President of Marketing Jessica Frushtick personally accepted the award from Hurun Report Chairman and Chief Researcher Rupert Hoogewerf. Also in attendance at the gala were Elizabeth Harrington, North American publisher of Hurun Report, and Pacific Union’s dedicated China Concierge Cathy Li.

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Based on the results of Hurun Report’s Chinese Luxury Survey 2015, our firm earned the honor for our China Concierge program, a white-glove initiative that helps homebuyers from China purchase properties throughout Northern California. Through two Mandarin-speaking staff members based in Beijing and Shanghai, Chinese buyers can connect with a Pacific Union real estate professional to identify luxury properties, get advice on financing, learn more about local schools, and obtain immigration assistance.

Pacific Union officially launched its China Concierge program in early 2014, after company CEO Mark A. McLaughlin became inspired by a presentation about the growing impact of Chinese investors on the U.S. real estate market.

McLaughlin – one of just 10 U.S. corporate executives invited to attend an exclusive meeting by former U.S. Ambassador to China Gary Locke in December 2013 – expressed his deep appreciation for the Hurun Report honor and stressed Pacific Union’s commitment to offering Chinese homebuyers the highest level of service.

“I am both humbled and truly grateful for this prestigious honor and our acceptance as a brand by our valued clients in China,” McLaughlin said. “Pacific Union’s entire team of real estate and marketing professionals is dedicated to providing these clients with extraordinary service as they seek to purchase a home in the beautiful San Francisco Bay Area region.”

In May of last year, Pacific Union launched both Mandarin and English websites hosted on Chinese servers to better allow clients in the country to access property listings and information. We also offer a Mandarin-language version of our exclusive San Francisco Bay Area Real Estate Outlook 2017, which we unveiled in a live presentation last November.

Over the past year, Pacific Union’s China Concierge program has attracted the attention of prominent media outlets, including San Francisco Business Times, San Francisco Chronicle, San Jose Mercury News, and Bay Area TV station KPIX. Most recently, the initiative was mentioned by radio show The Takeaway, which dedicated an episode to foreign investment in the San Francisco and New York City real estate markets.

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Way To Go Redwood High School!!!

Redwood High School was just named one of the top high schools in the country and has an “A+” rating! Excellent!

 

Redwood High School

Read more at: https://k12.niche.com/redwood-high-school-larkspur-ca/

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JUST LISTED!! 14 Cypress Avenue, Kentfield – Exclusively Offered at $2,495,000

I’m so excited about my new listing in Kentfield! 14 Cypress Avenue is a must-see property! Exclusively listed at $2,495,000 with 5 bedrooms & 3 bathrooms, 2699 sqft (per architectural drawings) and on 0.2984 acre lot (per tax records). This home offers sweeping SW facing views of Mt. Tam, level lawn, great indoor-outdoor connection, and all day sun! Come join me for the Broker’s Open on Thursday, January 29th from 11am-2pm or the Open House on Sunday, February 1st from 1-3pm. For more photos and details visit: www.14CypressAvenue.com

0. Liv Room DSC_3734 1. Kitchen DSC_3707 2. Dining Room DSC_3717 2. Terrace Mt Tam View SC_3908 3. Master DSC_3777 4. Kitchen DSC_3702 5. Bathroom DSC_3752 6. Master 2 DSC_3783-2 Balcony Tam View DSC_3918 Lawn DSC_3963 Private Driveway DSC_3957Back Terrace DSC_3954

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Pacific Union Quarterly Report: Q4 2014

Pacific Union’s newly released fourth-quarter 2014 report is packed with sales data and regional summaries that offer a complete look at real estate activity in the Bay Area and the Lake Tahoe/Truckee region.

For this report, we have teamed with noted consulting firm John Burns Real Estate Consulting to deliver nine housing and economic outlooks that offer a lens into the future of Bay Area real estate through 2017.

Our Q4 Report also includes a comprehensive chart tracking 10 years of home sales throughout the Bay Area and the Lake Tahoe/Truckee region — 76 cities, towns, and neighborhoods in nine regions. A smaller version of that chart, showing regional totals, appears below. Click anywhere on the chart to see the full data set.

10_Year_Q414

CONTRA COSTA COUNTY

Real estate activity slowed in the fourth quarter in Pacific Union’s Contra Costa County region, held back by a shrinking pool of available homes. It’s a problem that has bedeviled the region for much of the past year, caused in part by would-be sellers who remain unsure of the market and where they will find their next homes. At the same time, buyers were more cautious in the fourth quarter, too. Except in the most sought-after communities such as Lafayette and Orinda, few buyers were willing to pay above the list price or engage in bidding wars.Contra_Costa_Q4

Home prices were up solidly compared with one year ago, although the pace of appreciation slowed significantly from what we saw one and two years ago — more evidence that the Bay Area’s real estate markets are gradually settling down after several years of frenzied recovery. Fewer high-end properties sold during the fourth quarter than in previous quarters, though that will likely change as spring approaches.

Looking Forward: We expect to see more homes coming on the market in the first and second quarters of 2015, spurred not just by the advent of springtime but also the likelihood that the current near-record-low mortgage rates will soon disappear.

Defining Contra Costa County: Our real estate markets in Contra Costa County include the cities of Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek. Sales data in the report charts includes single-family homes in these communities.


EAST BAY

Fourth-quarter home sales typically start to slow as the holiday season approaches, but another factor was also at work during the last quarter of 2014: an extreme shortage of available homes in Pacific Union’s East Bay region. The number of new listings fell precipitously after the first week of November and didn’t recover. But if sellers were in short supply, buyers were not, and those properties that were available were quickly sold.East_Bay_Q4

The East Bay remains a popular destination for buyers priced out of San Francisco, and the most in-demand neighborhoods were those that score high on walkability ratings and are close to BART stations. Homes selling for $500,000 to $1 million saw the most sales activity, and those that were priced accurately attracted multiple offers and sold above their list prices.

Looking Forward: With an exceptionally robust local economy and mortgage rates still hovering near record lows, we expect strong sales in 2015. Many sellers wait until springtime before putting their homes on the market, but we recommend that they start earlier — in January and February, when less competition will help their properties stand out. Talk with a real estate professional now if you plan to prepare your home for sale in the coming weeks.

Defining the East Bay: Our real estate markets in the East Bay region include Oakland ZIP codes 94602, 94609, 94610, 94611, 94618, 94619, and 94705; Alameda; Albany; Berkeley; El Cerrito; Kensington; and Piedmont. Sales data in the report charts includes single-family homes in these communities.


MARIN COUNTY

A tight supply of available homes held back fourth-quarter sales in Pacific Union’s Marin County region. Buyers were plentiful, however, resulting in rising sales prices overall and multiple offers on all well-priced homes in attractive areas. Homes priced from $1 million to $2 million saw the biggest increase in sales. Continuing a recent trend, the quarter also saw a significant number of private, off-market sales.Marin_Q4

Like other Bay Area regions, homeowners in Marin County were slow to put their properties on the market even as sales prices continued to rise —perhaps worried about their prospects after the transaction when they, too, would become buyers in a tight market. Buyers, meanwhile, were more selective than in past quarters, refusing to settle for anything less than exactly what they wanted.

Looking Forward: We are optimistic that 2015 will be a strong year for Marin County home sales. The Bay Area’s vibrant economy will continue to encourage buyers, aided by near-record-low mortgage rates. And with no shortage of qualified buyers, would-be sellers should consider putting their homes on the market sooner rather than later. The supply of available homes will expand by the springtime, and properties on the market before then will enjoy less competition.

Defining Marin County: Our real estate markets in Marin County include the cities of Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon. Sales data in the report charts includes single-family homes in these communities.


NAPA COUNTY

Pacific Union’s Napa County region enjoyed robust sales throughout the fourth quarter. The supply of homes was tight — a common problem throughout the Bay Area — but buyers were eager to scoop up any fairly priced property and in all areas of the county, from the city of Napa in the south to high-end communities such as St. Helena farther north.Napa_Q4

Napa County is no longer the tight seller’s market of a year ago. Properties sat on the market longer in the fourth quarter, and buyers were able to negotiate deals that were unheard of in the first and second quarters. That said, attractive properties that were priced well still commanded multiple offers throughout the county.

Looking Forward: We expect to see increased inventory levels beginning in January and continuing through the spring and summer. Many sellers wait until flowers are blooming and their properties are looking their best before they put their homes on the market, but we encourage them to get a jump on the competition and put out a for-sale sign early in the year. Rents are high and mortgage rates are low, and many prospective homebuyers may find that they can pay less in monthly mortgage payments than they would in rent.

Defining Napa County: Our real estate markets in Napa County include the cities of American Canyon, Angwin, Calistoga, Napa, Oakville, Rutherford, St. Helena, and Yountville. Sales data in the report charts includes all single-family homes in Napa County.


SAN FRANCISCO

Real estate activity typically pulls back in San Francisco during the fourth quarter as buyers and sellers alike turn their attention to holiday planning, and such was the case as 2014 wound down. The seasonal slowdown helped keep the inventory of available homes exceptionally tight across all price points in the fourth quarter, and unit sales also decelerated. Coming after an exceptional year of strong sales and price appreciation that ranked among the highest in the nation, the slowdown was predictable — even beyond the expected holiday relaxation factor. Still, single-family homes and condominiums that were fairly priced sold quickly, with many receiving multiple offers.SF_Q4

Fourth-quarter sales activity was not as frenzied as in past quarters, but the positive economic fundamentals of the San Francisco market remain unmatched: one of the most desirable locations in the nation, an expanding job base, and economic growth that shows little sign of slowing down.

Looking Forward: The year 2015 should shape up to be another busy one for buyers and sellers. We expect to see inventory levels rise appreciably in the first quarter; sales prices will also continue to rise, although not likely at the pace seen in 2014. Mortgage rates hovered near record lows throughout 2014 but are likely to succumb to upward-force vectors in 2015 — an added incentive for buyers to close deals early in the year to lock in low rates.


SILICON VALLEY

October and November were exceptionally strong months for real estate activity in Pacific Union’sSilicon Valley region, but sales dropped off a ledge after the last week of November. December was as slow as the previous months were busy. Inventory remained flat throughout the quarter, while the average sales price continued rising. Many homes attracted multiple offers from buyers, but not at the levels seen in previous quarters. Overall, buyers started to regain some control on the market, holding back on bidding for overpriced homes.Silicon_Valley_Q4

With home prices in Palo Alto, Menlo Park, and nearby communities starting at $2 million and $3 million, we saw a migration of buyers — first-time buyers in particular — to more affordable areas such as Redwood City and San Carlos, where improving schools and more vibrant downtowns have helped increase their desirability.

Looking Forward: We expect business to pick up again in January, with rising inventory levels and renewed interest among both buyers and sellers thanks to the Bay Area’s strong economic growth. The likelihood of mortgage rates trending significantly higher later this year will be a strong impetus for buyers to close deals.

Defining Silicon Valley: Our real estate markets in the Silicon Valley region include the cities and towns of Atherton, Los Altos (excluding county area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside. Sales data in the report charts includes all single-family homes in these communities.

Defining the Mid-Peninsula: Our real estate markets in the Mid-Peninsula subregion include the cities of Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area). Sales data in the report charts includes all single-family homes in these communities.


SONOMA COUNTY

The last quarter of 2014 bore remarkable similarities to the first quarter in Sonoma County, with a constrained supply of available homes and a ready pool of would-be buyers. Many sellers continued to receive multiple offers on well-priced properties, although bidding activity was not as frenetic as it was at the start of the year, and price appreciation has slowed considerably from the double-digit percentage increases that had become commonplace.Sonoma_County_Q4

Even with the limited supply, buyers in the fourth quarter no longer bid as franticly on overpriced properties or those with problems as they might have as recently as six months ago. This change in attitude caught some sellers by surprise, but it reflects the growing normalization of the market as buyers began to show some signs of price resistance, especially at the higher end of the market.

The fourth quarter saw fewer sales of homes priced below $500,000, reflecting the virtual disappearance of distressed properties such as short sales and foreclosures on the market.

Looking Forward: Sonoma County may see fewer sales overall in the first quarter, but dollar volume will continue rising as buyers choose from more high-end homes on the market. Springtime is always a busy season for real estate, and 2015 will be no different.

Defining Sonoma County: Our real estate markets in Sonoma County include the cities of Cotati, Healdsburg, Penngrove, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, and Windsor. Sales data in the report charts includes all single-family homes and farms and ranches in Sonoma County.


SONOMA VALLEY

Pacific Union’s Sonoma Valley region saw strong sales throughout the fourth quarter. There was no shortage of would-be buyers, and well-priced properties in good condition continued to attract multiple offers.Sonoma-Valley_Q4

In a change from past quarters, buyers started to gain an upper hand in negotiations with sellers, a sign of a normalizing real estate market. Once buyers completed due diligence, they weren’t shy about asking for concessions or repairs, and sellers found that they had to be more careful in pricing their homes — some with unrealistic expectations found themselves sitting on properties far longer than they would have even six months earlier.

Homes sold well across Sonoma Valley and at all price points, but especially those that were priced under $750,000. Inventory remained exceptionally tight.

Looking Forward: The year 2015 looks to be a busy one for buyers and sellers in the Sonoma Valley region. With a strong Bay Area economy and mortgage rates still hovering near record lows, the first quarter should be exceptionally active. We recommend that sellers not wait until the spring to put their properties on the market. Buyers are active year-round, and those properties on the market in January, February, and March face less competition and will stand out.

Defining Sonoma Valley: Our real estate markets in Sonoma Valley include the cities of Glen Ellen, Kenwood, and Sonoma. Sales data in the report charts refers to all residential properties – including single-family homes, condominiums, and farms and ranches – in these communities.


LAKE TAHOE/TRUCKEE

The fourth quarter is traditionally a busy time in Pacific Union’s Lake Tahoe/Truckee region, as out-of-town buyers — many from the Bay Area — shop for vacation homes in time for the coming ski season. This year was no different, helped by several high-end sales at the end of the year. Sales were particularly brisk in Martis Camp and the Village at Squaw Valley, as well as for homes priced above $1 million across the region.Lake Tahoe Scenic Winter Frame

Unlike in the Bay Area, the Lake Tahoe/Truckeeregion had an ample supply of homes at various price points in the fourth quarter, giving buyers an opportunity to find exactly what they were looking for. Attractive homes that were fairly priced were subject to multiple offers, but properties with unrealistically high prices typically sat on the market for months on end without a single bid.

Looking Forward: First-quarter home sales in the Lake Tahoe/Truckee area are influenced by the weather; all it takes is a good snowstorm or two for Bay Area residents to pack their skis and head for the Sierras. If the weather cooperates, we look forward to a busy winter and spring. And as the snow recedes, we expect to see a healthy supply of new listings hit the market.

Defining Lake Tahoe/Truckee: Our real estate markets in the Lake Tahoe/Truckee region include the communities of Alpine Meadows, Donner Lake, Donner Summit, Lahontan, Martis Valley, North Shore Lake Tahoe, Northstar, Squaw Valley, Tahoe City, Tahoe Donner, Truckee, and the West Shore of Lake Tahoe. Sales data in the report charts includes single-family homes and condominiums in these communities.

Source: http://blog.pacunion.com/pacific-union-quarterly-report-q4-2014/

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San Francisco’s most expensive home sales in 2014

At $23.5 million, 2520 Pacific Ave. was the most expensive home sale of 2014. According to the Wall Street Journal, University of Phoenix founder John Murphy decided to list the 13,000-square-foot home (complete with a Prohibition-era secret bar) for $27 million back in November 2013. It sold March 31, 2014, one of only a handful of homes in the city to have sold for over $20 million in the last few years.

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The University of Phoenix also figured into the second-highest sale of 2014. 3450 Washington St.—owned by John V. Sperling, son of another University of Phoenix founder—sold in February for $18 million. The Presidio Heights home was one of several in the neighborhood to score a top sale this year. In fact, in the 15 top transactions of this year, all but one took place in either Presidio Heights or neighboring Pacific Heights, despite reports that the northern neighborhoods are cooling off while southern neighborhoods like Noe Valley are heating up.

In fact, the only home outside of these northern enclaves to break the top-15 is 737 Buena Vista Heights, which sold for $10 million in October. Other unique sales include 2000 Washington St. Unit 3, which was the only co-op to make the list at $9.4 million, and 2735-2737 Baker St. which is the only 2-unit property to break the top 15 at $8.75 million.

2735-2737 Baker St. sold just before Thanksgiving, and of course, the year isn’t over yet, so another big-ticket home could sneak in a sale before the end of the year. (After all, the Willis Polk mansion at 2820 Pacific sold on December 27, 2007, and is one of the biggest S.F. sales in the last 10 years at $16 million.) It seems the high-high end of the market never rests, not even for the holidays.

Source: http://blog.sfgate.com/ontheblock/2014/12/16/the-most-expensive-home-sales-in-2014/#photo-566998

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