San Francisco Real Estate
Looks Like Pinterest Won’t Be Displacing Design Center Tenants
New Law Regarding Smoke Detectors
As of July 1, any new smoke detectors purchased and installed must have an 10-year unremovable battery. Also, any improvements costing more than $1000 will trigger this new requirement too, so if you’re going to get a permit for work done or additions to your home, it’s less expensive to just go ahead and get the new smoke detector than to pay for the inspector to fail you and return.
Small but Beautiful
Even small homes (with less unnecessary junk) can be comfy too.
Price Reduction!
This beautiful, quintessential San Francisco Victorian home has just been reduced to $2,975,000 and we’re holding another open house tomorrow, June 28 from 2:00-4:00 p.m. Come by and see this charming treasure in the heart of Haight Ashbury. 29 Lyon St.
Home Purchases at Three Year High
The National Association of Realtors posted their best monthly gain in 3 years for home sales figures for May, which indicates that the industry is picking up. The gain is the fastest since August 2011, but we’re still slower than in a normal economy. What’s a bit disturbing is that normally new home buyers account for a quarter of purchases, but that number is stuck around 27% because lenders require larger down payments that many first-time homebuyers don’t have and credit restrictions are tighter than they were in the past.
Good News for San Francisco Buyers
Open House: 5:00-7:00 this evening and tomorrow
Open House: 3930 Noriega Street, 5:00-7:00 p.m. this evening and tomorrow. This cute beach house in Outer Sunset is close to shopping, public transportation and Ocean Beach! This is your opportunity to own a single family home with a deep yard in San Francisco for a condo price. There are 2 bedrooms, 1 bathroom upstairs plus a bonus room and bath downstairs and 1 car parking, and a deep yard. The list price is $748K, taking offers as they come.
Open House
Come see this quintessential Victorian in Haight-Ashbury this Saturday, June 21 from 2:00-4:00 p.m. This gorgeous house has 8 bedrooms, 3.5 bathrooms and an in-law apartment facing an idyllic garden with its own separate entrance. This gorgeous house has been meticulously maintained and is one of the most beautiful homes available in San Francisco today.
Home Owners Doing Record Number of Cash Deals
Home Owners Doing Record Number of Cash Deals
In San Francisco, the percentage of cash buyers is actually higher than the statistics in this article. That’s probably due to several unique factors in the Bay Area: a large population of people from Asian countries who want to invest in our market and who traditionally avoid carrying much debt, and people who have money from cashing out tech stocks. The effect is that home buyers have more at stake in their new homes than in the last decade when lenders were giving loans to people who walked away from their properties when times were tough.
Real Estate and Living in San Francisco 