Wednesday, January 17, 2007

Stage 3, Jordan Park/Laurel Heights

Stage 3 of Le Tour de San Francisco begins today. If you are new to sfnewsletter, the TDSF is our real estate version of the great cycling race, where we tour through our nano-markets around town. This week we look at District 1C...Jordan Park/Laurel Heights. We'll finish after 86 stages with district 10K...Bayview Heights. So if you have anything you want to say about your district, we want to hear it. For past stages, contact your sfnewsletter provider.

Market Update

The market in Jordan Park/Laurel Heights is, like the rest of the city, spotty. Some homes sell well, some get stale. This district has big homes on Jordan, Palm, and Commonwealth with big front yards, tree lined streets, and that "suburban" feel selling in the blink of an eye for $3+Million (when they come around). It has condos on top of the hill (above where Masonic meets Euclid), with killer downtown views, selling for a fraction of that. It also has the less desirables, which are again the homes closest to Geary. And finally, it has an entirely different market on Spruce, Heather, Iris, Collins (away from Geary), and Manzanita that commands very high prices, and homes there tend to fly off the shelf. Wow! Right there you have four different nano-markets within one sub-district. In general, district 1C is a very desirable place to be and properties tend to sell quickly in this area when priced right. Think Zillow can calculate all that?

the listings

the stats

Didn't They Get the Memo?

Will somebody please tell the buyers of this 4 bed, 3.5 bath, beautiful home in Jordan Park, that according to the media, the market has tanked, and paying upwards of $3.5MM for a home is ludicrous? That is of course unless these buyers have a mind of their own, they realize that indeed the sky is not falling, we're surrounded by water on three sides, our average yearly temp is around 60, it never snows (correction, it never requires a snow plow), we have some of the best restuarants, bars, clubs, shows, and culture in this country, and if they want to live here....well, they'll have to pay. This ain't propoganda! This is life in San Francisco, and these buyers must "get it".

Comparison Shopping

You don't even want to know what $3.5MM gets you in Telluride, CO. Go ahead, have a laugh.


Spanish Fly. Located at 3300 Geary @ Parker, it used to be Straits Cafe. They're now dishing up tapas. We have never been, but have heard good things. Michael Bauer had this to say about it. Give it a try and let us know what you think. You might even take a walk around the block when you're done and check out some of the great homes in the area.

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