• Skip to main content
  • Skip to primary sidebar

Luba Muzichenko San Francisco Real Estate

San Francisco SF Realtor

San Francisco Luxury Real Estate

Is San Francisco Luxury Real Estate on the Rebound?

March 7, 2011 By Luba

According to a CNN Money article, “After four straight years of declines, sales of million-dollar homes and condos rose last year in all 20 major metro areas, according to DataQuick Information Systems. On average, these cities saw an 18.6% jump in high-end home sales.”
The article goes on to state that “”It hasn’t been a good six months for all people, but it was a good six months for rich people,” said Glenn Kelman, CEO of Seattle-based real estate brokerage Redfin. “When Wall Street goes up, rich people buy homes.””
And Wall Street has been going up!  Not to mention, the higher end of the job market seems to be on the rebound.  A friend that works for a tech recruiting company has mentioned that she’s busier than ever looking for job candidates in the well over six-figure incomes.
So IS luxury real estate in SF on the rebound?
In San Francisco, in 2010 there were 1,083 homes sold over the $1M price range.
So far, in the first 66 days of  2011, 111homes over the $1M price range have sold and another 146 are already in contract, meaning that so far, 257 luxury homes have sold in San Francisco.  At that rate, 1421 homes over the $1M will sell in 2011.  That’s a projected 31% increase in high end real estate sales in San Francisco.
OK, so the numbers are rough, they’re based on a period of increased activity that we have experienced since the beginning of this year, and they don’t take into account the fact that I have no crystal ball to tell you what the future holds.  But … there’s no denying that the outlook for 2011 is fairing better than years past, and if I had to place bets on how the luxury market will fair in SF, I’d say we’ll have a pretty good year ahead.
Where are you going to place your bets?

Filed Under: San Francisco Luxury Real Estate, San Francisco News and Events, San Francisco Real Estate, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers, San Francisco Real Estate Market Conditions Tagged With: San Francisco Housing, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Realtor, San Francisco Realtor Blog, SF Housing, SF Real Estate, SF Real Estate Blog, SF Realtor, SF Realtor Blog

THE 7 Best Neighborhoods in San Francisco!

February 11, 2011 By Luba

Here’s a little sumptin sumptin from this week’s edition of Zephyr Real Estate’s “The Market Tracker”.   Besides getting the scoop on ALL of the recently sold AND recently listed properties in San Francisco, you also get cool little SF Tidbits like this one.  Sign up today so you don’t miss out on the bi-weekly awesomeness in your inbox!

7 Best Neighborhoods in the City

7X7 Magazine recently ranked the Best 7 ‘Hoods in San Francisco. Here are the results:

Best For Families: OUTER SUNSET. 30% of the homes have kids, several high-ranked public schools, the ocean, parks, golf and the zoo.

Best Transit: DOWNTOWN/SOMA. Market Street corridor, BART, six MUNI lines, countless bus lines.

Best Restaurant Scene: THE MISSION. 84 Zagat-rated restaurants.

Most House for the Money: NORTH PANHANDLE (a.k.a. NOPA). Average $243 per square foot, $635K median sales price.

Safest: THE PRESIDIO. 19 crimes per half-mile radius.

Most Walkable: LOWER PACIFIC HEIGHTS. The strip of Fillmore from Sacramento to Eddy has just about everything you could need within a few blocks. Dining, shopping, live music, parks, and even a good hospital (CPMC).

Most Luxurious: SEA CLIFF. Oceanfront property and a median sales price of $2.4 Million says it all.

More Notable Numbers:
Youngest Denizens: THE MISSION. Average age is 34.
Oldest Denizens: CHINATOWN. Average age is 48.
Most singles: CASTRO. 66% Single (followed by Marina with 62%).

NOTE: Information was presented by 7×7 Magazine and gathered from 511.org, Craigslist, City and County of San Francisco, Crime Mapping, Golden Gate Mothers Group, Great Schools, Trulia, Yelp, the US Census Bureau, Zagat and Zillow.

Filed Under: San Francisco Local Resources, San Francisco Luxury Real Estate, San Francisco Neighborhoods, San Francisco News and Events, San Francisco Real Estate Tagged With: San Francisco Housing, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Realtor, San Francisco Realtor Blog, SF Housing, SF Real Estate, SF Real Estate Blog, SF Realtor, SF Realtor Blog

Primary Sidebar

Recent Posts

  • Looking for Love (More Outer Sunset Street Art)
  • San Francisco Real Estate Update – March 2011
  • Watching Out for Sharks in the Outer Sunset
  • Tulips and Nervous Virgins in the Outer Sunset
  • San Francisco Real Estate Blog Back in No Time

Archives

  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • July 2010
  • June 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007

Categories

  • Green Living in San Francisco
  • Misc Musings from Your San Francisco Realtor
  • Mobile Post from Your San Francisco Realtor
  • San Francisco Absorption Rate
  • San Francisco Historical Photos
  • San Francisco History
  • San Francisco Local Resources
  • San Francisco Luxury Real Estate
  • San Francisco Mortgage & Financing Info
  • San Francisco Neighborhoods
  • San Francisco News and Events
  • San Francisco Photos
  • San Francisco Places
  • San Francisco Property Profile
  • San Francisco Real Estate
  • San Francisco Real Estate Blog Reader Asks
  • San Francisco Real Estate Fast Facts
  • San Francisco Real Estate Info for Buyers
  • San Francisco Real Estate Info for Sellers
  • San Francisco Real Estate Market Conditions
  • San Francisco Real Estate Resources
  • San Francisco TIC (Tenancy in Common) Info
  • San Francisco Videos
  • Sold Properties
  • Uncategorized
  • Weekend San Francisco Real Estate Linkage

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Copyright © 2021 · Luba Muzichenko. All Rights Reserved.

7ads6x98y