Real Estate Update for San Francisco Homebuyers and Sellers courtesy of: James Romeo Holloway DRE# 00892533 415.641.4299 Romeo@RomeoHomes.com Most Recent Sales  citywide in the last 21 days Address Type BR/BA/Units Parking DOM List Price Sold Price 260 King St #787 Condo 2BR / 2BA 1 68 $649,900 $618,000 390 Staples Ave SFR 4BR / 2BA 2 28 $749,000 $740,000 120 27th Ave SFR 4BR / 2.5BA 2 70 $2,849,000 $2,700,000 1 San Marcos Ave SFR 2BR / 1.5BA 2 70 $1,590,000 $1,490,000 1412 McAllister St #C Condo 2BR / 1BA 1 64 $619,000 $600,000 1578 Indiana St #4 Loft 1BR / 1.5BA 1 160 $519,000 $519,000 1224 Sacramento St #6 Condo 2BR / 2BA 2 104 $1,745,000 $1,745,000 >> View Additional Sales >> View Newest Listings In This Issue… Most Recent Sales San Francisco Market Overview Condo Conundrum High-Dollar Wish List Pavement to Parks San Francisco Market Overview    Single Family Homes Condos/TICs/Lofts 2-4 Units Median Sales Price, last 180 days % Change from prior 180 days Avg. Days on Market, last 180 days % Change from prior 180 days $623,500.00 -1.81% 69 +13.11% $615,000.00 -2.38% 79 +11.27% $950,000.00 -13.64% 91 +22.97% Condo Conundrum  Many buyers are finding a big Catch 22 in buying new construction condos. Scenario: Large new construction complex drops prices on their units and offers incentives to first-time homebuyers. Reality: New home buyer, even with twenty percent down, is unable to lock the loan rate and close escrow until minimum number of units are sold. Many qualified buyers - strong downpayment, excellent credit - are still unable to actually close escrow due to new restrictions placed on developers by Fannie Mae, Freddie Mac and the FHA. Fifty-one percent of all units need to be sold in order for a lender to start closing escrows. In certain buildings, this has been relatively smooth. 2200 Mission offered 22 units at market price and the building sold out relatively quickly and nearly all units are now occupied. In other larger buildings, buyers remain in limbo with an accepted offer, the inability to lock a loan rate and a lack of any definitive information on when they can actually move into their new home. Hurry up and wait - the name of the game in the new development condo market. High-Dollar Wish List  As we creep to the end of our foggiest season, let's take a peak at a few high-end real estate options currently on the market in the City and just beyond: 3325 Shoreline Highway, Stinson Beach. $4,950,000 Sitting steps from Stinson Beach on approx. 3.5 acres of land and gardens, this "estate" is one of the first homes built in Stinson Beach. The hom… >> Click here to read the rest Pavement to Parks  Several weeks ago the corner of 17th and Castro was closed to cars as a new "park" was installed. A trial program known as Pavement to Parks was implemented and the resulting Castro Commons (pictured left) has been very well received. How well? So well that three more are in the works! The three locations were selected because they had years of comm… >> Click here to read the rest James Romeo Holloway • 415.641.4299 • Romeo@RomeoHomes.com • www.romeohomes.com Recent listings, sales, and market data are based on information from the San Francisco Association of Realtors MLS for the periods shown. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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