It’s been an interesting year so far to say the least for San Francisco’s residential real estate market! The spring market which is usually the most vibrant time of the year for sales was sluggish this spring. Most think this resulted from the uncertainty posed by the tariffs. As you can see below, mortgage rates that had been starting to decline ratcheted up past 7% but have recently started to come down to a more palatable level for buyers, now …
Carol Solfanelli | Compass | DRE License # 01347033 |
415-297-7031 | carol.solfanelli@compass.com
2022 and 2025 Real Trends America’s Best Real Estate Professional
Top 1.5% of Agents Nationwide
2022 and 2025 Real Trends America’s Best Real Estate Professional
Top 1.5% of Agents Nationwide
Category: Thoughts & Tidbits
If you own a condo in California in a building with at least 3 units, the HOA is required to do an Exterior, Elevated, and Elements (EEE) inspection including but not limited to balconies, decks, walkways supported by wood or wood-based materials every 9 years under a new state law. If you live in SF, you are required to also do a similar more rigorous inspection every 5 years under an older SF local ordinance regardless if the EEEs are …
In May, I helped a client sell her Noe Valley condo which I have referenced in an earlier blogpost. She had moved to southern California and had rented her place for awhile. It wasn’t a very big unit – under 1000 square feet – and had a slightly challenging layout. But it did have a large lush garden which once we put the condo on the market, captivated people. We knew that her unit needed some work as tenants hadn’t …
At the beginning of the year, the real estate market came out of the doldrums slowly and things seemed to be picking up. With the single-family home inventory low, some homes were back to getting multiple offers and selling for substantial amounts over the list price. Condos were still taking time to sell and I wondered how long it would take for the condo listings I had coming on the market to sell. To my surprise, the first 2 bedroom …
I just sold a top floor 2 bedroom view condo up the street from the iconic “Painted Ladies” on historic Alamo Square Park. This property was different from condos I have sold in the past. The reason? It was a “Smart Home” condo. It was equipped with state-of-the-art features including Brilliant control light panels, Mysa smart thermostats, a Café Oven and a Tesla Universal EV Charger. You could control lights and music on the light display panels with Amazon’s Alexa. The …
What is happening with the real estate market in San Francisco as we head into February? Realtors are generally seeing that inventory is still low, especially for single family homes. This has created a strong market for homes with low inventory and high buyer demand. Multiple offers with substantial over asking prices are happening across the city for single family homes that are priced right. The condo market with much more inventory is moving more slowly with condos staying on …
I am grateful for the family and friends who celebrate with me today. The holidays can be a time of reflection, especially looking back on celebrations with family members and friends who are no longer with us. I cherish these memories. As we leave 2024 behind, I am thankful for the clients who put their trust in me to make their sales a success. Wishing all of you a happy and healthy 2025! …
Did you know that under the Corporate Transparency Act (CTA) LLCs can face a $591 per day civil fine (which grows with inflation), and criminal penalties, including a $10,000 fine and/or up to two years of imprisonment, if you fail to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN)? This report details the identities of an LLC’s owners. That means if you hold your home through an LLC (not uncommon if you rent the …
My new listing at 106 Denslowe Drive in the beautifully maintained Lakeside neighborhood is perfect for buyers trying to get into the San Francisco market. This 3 bedroom, 2 bath midcentury home, listed for $1,395,000, has been in a family for over 60 years and retains its original charm. While there are some cosmetic updates to the kitchen and baths that new owners may want to make someday, there is no rush. My team has taken up the carpet and …
I recently helped a client get the home he desired. He wanted to buy a single family home in an upscale San Francisco neighborhood with a budget that didn’t match the neighborhood prices. However, we persisted. After making an offer on a home which he didn’t get, this much nicer property came on the market and we quickly swooped in. It had one of the most beautifully designed kitchens I have ever seen and coveted Edwardian original details. My sense …