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Market Conditions in San Francisco : Real Estate Advice

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  • Home Buying987
  • Home Selling131
  • Market Conditions81

Activity 176
Tue May 10, 2016
Grant Wilsom asked:
Mon Feb 29, 2016
Arpad Racz answered:
Hi,

Under the Browse menu tab on trulia, you can look at Local Market Data and then Market Trends.

Kind regards,

Arpad
0 votes 2 answers Share Flag
Tue May 19, 2015
Lizete Santos answered:
Mrs. Hill,

This property in particular is a condo.
TIC's are commonplace in SF and should be considered on a case by case basis. A TIC agreement is important as it delineates the percentage each owner owns/occupies.

Condos differ from TICs in that condominium agreements are recorded while TIC agreements are not. TIC agreements are unrecorded because under state and local law, recording them creates illegal subdivisions.

Another difference between TICs and condos is the tax assessment assignment. Condos get their own tax assessment and bill, while TICs are assessed and billed as apartment buildings so there is only one bill. Succinctly it’s divided amongst the owners based on there ownership percentage.
Financing is either group or fractional and is offered by portfolio lenders (Sterling Bank) and rates are slightly higher than conventional financing. I recommend only considering properties where fractional financing is in place as this is the least risky.
Let me know if you have any further questions.

Regards,
Lizete Santos | Broker Realtor
McGuire Real Estate
M: 415.606.5053
lsantos@mcguire.com
... more
0 votes 3 answers Share Flag
Wed May 6, 2015
Alexander Greer answered:
Sounds like you could use a real estate agent with market analysis reports. I would be more than happy to recommend a few of my preferred agents to you.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Wed Apr 1, 2015
Antonio Prado answered:
Hello David,

I hope all is well. There is some good information on the link below about rent prices in SOMA ( bottom left of the page).
https://www.zumper.com/apartments-for-rent/san-francisco-ca/soma

I hope it helps.

Sincerely,
Antonio Prado
Better Homes and Gardens
antonio.prado@gobhg.com
... more
0 votes 1 answer Share Flag
Sat Mar 21, 2015
Ryan Rudnick answered:
CCA Is a great school! I have some friends who took classes there.

Looks like the property you linked to isn't available anymore, but if there's anything I can do to help let me know!

-Ryan
... more
0 votes 1 answer Share Flag
Fri Mar 13, 2015
answered:
They dropped quite a bit and bounced up a little. so it is hard to say
0 votes 6 answers Share Flag
Thu Mar 12, 2015
Damon Knox answered:
Hi Ruth,

There is no real simple answer to this question. The bulk of new inventory coming to Mission Bay in the next 24 months, excluding Arden, is going to be rental and the only way to find that out is to call the existing rental buildings and inquiring about each. The resale market itself in the area is really brisk right now with a lot of deals happening offline therefore making it hard to track. In my experience there is high owner occupancy there right now which isn't an issue for lending yet. There may be a tipping point in the near future though.

Best,

Damon
... more
0 votes 1 answer Share Flag
Sat Mar 7, 2015
Francis Somsel, SRS & Kate Tomassi, SRS answered:
The value of homes will continue to rise until you run out of people willing to pay more. Then it will fall until there are enough buyers to sustain the price. While our local real estate market seems to have a very good foundation with inflows of workers and cash from around the world into an area that refuses to build enough housing to accommodate the need, there are factors that can change it at any time. With the tech industry based here, the natural beauty, the proximity to great outdoor activities, and the great weather, I feel very strongly about the long term upside of owning property in San Francisco. ... more
1 vote 5 answers Share Flag
Tue Jan 6, 2015
Lizete Santos answered:
Alex,

The last 4 sales in the immediate neighborhood for a similar unit sold for a range of $1000-1275 a sq. foot.
This building is on the soft story list.

-$1,150,000 1845 Leavenworth St #203 2b/1.5ba sold 11/12/14

-$1,200,000 975 Union St 2b/2ba sold 11/25/14

-$1,250,000 896 Green St 3b/2ba sold 12/18/14 (in the same building)

$1,300,000 1159 Vallejo St 2b/2ba sold 12/05/14

Let me know if you have any further questions.

Regards,

Lizete Santos
Broker-Realtor
McGuire Real Estate
415-606-5053
lsantos@mcguire.com
... more
0 votes 1 answer Share Flag
Sun Nov 9, 2014
Randall Ortiz answered:
Wed Jul 16, 2014
Robin Silverberg answered:
There is such a wide variation on Long island (If you are asking about Long Island, NY anyway), that no one can give you that answer. Each town is different, the price would be different for a strip mall vs. on a main street, main street vs. side street, also, larger spaces generally go for less per sq ft than smaller spaces. Too many variables here to answer your question.
We recently had a space we were trying to rent. We ended up giving it to a broker, got a tenant right away to pay more than we expected. If you have a property to rent, try going that route. it was worth every penny.
... more
0 votes 2 answers Share Flag
Sun Jul 6, 2014
Ryan Rudnick answered:
Are you looking for good high schools nearby the apartments you'd like to rent? As a current real estate agent and former pre-school teacher, I know a fair amount about both topics and would be more than happy to help. Shoot me an e-mail or call (through my profile) and I'll gladly answer any questions you have.

-Ryan
... more
0 votes 1 answer Share Flag
Fri Jun 20, 2014
Ryan Rudnick answered:
Hello.

There hasn't been any commercial leases in the past 6 months in that neighborhood according to the MLS, so accurate comps are hard to find.

Looking at what is currently on the market for lease in that part of the Sunset, there price per foot seems to be between $2 and $3.5 (per foot, per month).

That being said, it sounds like listing below $3.5 is absolutely reasonable for the area.

Of course, this would all depend on the specific building and unit, the type of unit (retail, office etc) and the quality of finishes/amenities of the building and unit.

If you'd like to talk about this in more detail, don't hesitate to contact me and I'd be happy to help you!

Thanks,
-Ryan
... more
0 votes 1 answer Share Flag
Fri Jun 20, 2014
Ryan Rudnick answered:
Are you looking to rent commercial space, or purchase?

There isn't much on the market in that neighborhood right now, but it seems like rentals are anywhere from $3,500/moth to $9,500/month depending on amenities and size. For purchase, you'd be looking around $500/sq ft.

This will also vary a lot depending on what exactly your looking for - retail, office, warehouse etc - and what type of building you'd like to be in.

Hope this helps!
-Ryan
... more
0 votes 1 answer Share Flag
Mon Jun 16, 2014
Ryan Rudnick answered:
For some reason this popped up as a new question on the Q&A section, so sorry to bring back an old post. Just thought it was interesting to see what people were suggesting in 2007, just a year before the market crashed. ... more
0 votes 6 answers Share Flag
Fri Jun 13, 2014
Ryan Rudnick answered:
Looks like the other answerers have it down - unusually low prices are likely either scams, below market rate units, or very motivated owners who need to get some cash flow from their apartment quickly.

If you're looking to rent in a newer building, I'd be happy to help!

-Ryan
... more
0 votes 5 answers Share Flag
Fri Jun 13, 2014
Ryan Rudnick answered:
Hi Liu!

USF is a great school. I went there for my BA in Psychology and loved it. I lived on campus for a year and stayed in the neighbhood for quite a while.

I'd be happy to help you look for a property in the area, or answer any questions you have about the school itself!

Good luck!
... more
0 votes 1 answer Share Flag
Sun May 18, 2014
Ryan Rudnick answered:
Comps in San Francisco need to be chosen carefully since the value of a home can vary so much even from one block to the next in our small city, and there are many factors that dictate the value of a specific home. I'd be happy help you find comps that are appropriate for your home to find a good selling price, or help find comps for a home you'd like to buy so that you can make a great offer and have the best chance of getting a new home in this competitive market. Feel free to contact me any time! ... more
0 votes 3 answers Share Flag
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