If you have been thinking about buying a pied-á-terre in San Francisco, now is the time! According to the Multiple Listing Service (which tracks properties for sale and that have been sold) there has been a decline of 8 to 10 percent in the median price of condos between the 4th quarters of 2019 and 2020. I recently represented a couple who lives on the Peninsula and they were hoping to buy a condo in the city. What they didn’t realize …
Carol Solfanelli | Compass | DRE License # 01347033 |
415-297-7031 | carol.solfanelli@compass.com
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
Author: Carol Solfanelli
People are asking me what am I seeing in the SF real estate market right now. Another thing I am being asked is whether sellers should take their properties off the market for the holidays. First, this is what I am seeing. What is happening now is what has been happening since Covid started. After being at home for a while, people want larger spaces so they can work at home – an extra room for an office – and …
Do you know an owner-occupant investor who wants a great deal? My new listing with John Lukrich of my office is a prime mixed-use Edwardian two-unit building at 6038-6040 Geary Blvd. in the Central Richmond. It is listed at $1,495,000. Above is a home-like residential unit which has 4 bedrooms, classic formal living and dining rooms and one full bath and a water closet. The lower commercial unit is occupied by a florist and has one bath with a back …
I recently had the pleasure of working with Taylor Jang and helping him buy his first condo in the city. Taylor was renting a place in Noe Valley and had grown to love the neighborhood. When he saw the condo on Day Street, he was excited because it was across the street from where he likes to “shoot hoops.” Here is what he said about the process of buying his place: “Working with Carol was a pleasure. She is incredibly …
A super cute listing on Wayne Place at #32 that I currently have on the market is located in a very walkable location near North Beach, Russian Hill and downtown. It is priced at $765,000 and has two bedrooms, one bath, and an in-unit washer/dryer, outdoor shared space and parking. And at this price point owning this great home is almost less expensive than renting a comparable property and you get to build equity! What is a TIC? While we …
In case you are wondering if the real estate market has cooled down, it does not look like it. My recent new listing at 2 Lake Forest Court in Forest Knolls went pending two weeks after it came on the market, receiving 2 offers and going substantially over the asking price. The 3 bedroom view home is located on a leafy cul-de-sac in Forest Knolls. The owner who built the home in 1961 lived there until she passed away at …
For Sale signs are popping up everywhere! It’s the spring market after all. Is real estate back to normal? Hardly! There are no Open Houses or Broker Tours. The days of the “lookey-loo,” that curious, not-serious buyer are over for a while. They can’t drop into Sunday open houses and look around at their neighbor’s property. This is a time for motivated and serious buyers. Real estate agents have been encouraged to do everything virtually. Obviously, this can be challenging. …
I have been wanting to give back to the first responder healthcare heroes so I delivered Delfina pizza today for lunch to a former client who is a nurse and her colleagues at UCSF. They are testing people for the virus. I recommend if you know a healthcare worker who is dealing with COVID-19 patients that you have lunch, dinner or dessert delivered to them and their colleagues. This week I was part of a Zoom call which was quite …
I have received a lot of questions about the real estate market and what the impact will be on home prices. “Will buyers be able to get some good deals after this is all over?” they ask. I don’t have a crystal ball but what I do feel is that once the Stay In Place (SIP) orders are lifted, it will be a very busy marketplace. Why? I am seeing activity even now while we have orders in place. There …
I am amazed that as of this week at the end of March, 2020, many in my profession – and their clients – apparently still do not see a great threat from the Coronavirus disease. At realtor sales meetings this past week, there were discussions of what the Realtors’ associations recommend, and for the rest of the meetings the virus wasn’t even a thing! Announced were ratified deals that were closing (understandably since they went into contract before the order) …