1100 Union Street, San Francisco

The big news this weeks is the ever shrinking inventory level for the City. I had read that the 21st Century will be the ‘Urban Century’ and that may very well pull us out of any economic deficiencies much earlier than other areas. Unit 400 at 1100 Union, the posh coop on Russian Hill, went into contract last night for what I was told was $1,995,000 – just shy of asking price.

70 Valley Street, San Francisco

There have been a number of homes in District 5 (Noe Valley, et. al.) in the $2mil range that have gone under contract in the past week and more buyers are circling. My listing at 70 Valley Street, the newly completed Noe Valley townhouse was swamped with lookers last Sunday and on Brokers’ Tour, is being shown as I type this and I’ve been told there is another party close to writing a contract.

We received a contract on our listing at 366 Sanchez which will be presented tonight.

1793 Sanchez, San Francisco

And, we have a new listing at 1793 Sanchez coming on the market next Tuesday. It is a Victorian home with legal one-bedroom apartment for $1,250,000.

We have a chic Russian Hill coop with views of Alcatraz pocket listing. And, we have a couple of single family homes which will be coming on the market soon in Noe Valley.

Call me if you’re considering making a change. I just spoke with a client today who is planning to take advantage of the low inventory situation and sell.  And we’re working with another who is making the decision to rent. There’s lots of movement out there so make sure you’re armed with all the information prior to making a decision.

All the Best,

Lance

415-793-6140