Persian New Year is today which is set to correlate directly with Spring Equinox, and if I'm not mistaken it's the final 'new year' of the year, so now we can really begin 2016, "nowrooz mobarak"!
Speaking of spring, the first of our two 'selling seasons' for the year has begun in earnest. With more listings and certainly a number of new developments coming online, The Harrison begins selling this week which we highlight below, as well as 388 Fulton, but our anticipation of a possible slowdown of the never-ending march of appreciation in sales prices certainly hasn't happened yet. The market seems to be quickly absorbing any well presented properties, with prices that are still making us take a few deep breaths.
That said -- shameless plug -- we do excel in finding ways to have our clients win on the buy side, and to that end we have a good story of such below. Experience does matter when it comes to representation, in all industries, but real estate especially.
Also last month, Michael and I went to Miami to attend the Luxury Portfolio world conference. What is Luxury Portfolio you ask? Glad you did! It is a boutique group of real estate firms across the world that collectively represent more listings and more high end sales than any other real estate franchise or organization. Eighty percent of the companies that inquire about joining are politely turned away, and those that are accepted are highly vetted. Paragon is a proud member which means all of our listings over $1.5m appear in 9 languages with multiple currencies and monthly traffic from 200 countries and territories many of those agents were in attendance in Miami and it was great meeting so many talented agents at the top of their game. Paragon Real Estate Group won the Leading Real Estate Companies of the World® Pinnacle Award for the most 'outgoing referrals' for companies of our size. This is the most coveted award that Leading RE has, and means we're active helping our clients purchase luxury homes all over the world.
Just learning how real estate transactions are conducted in South Africa, St. Barts and Milan was worth the admission paid, but I had the pleasure of dining next to Esther Percal at one of the evening dinners at Hakkasan and she gave us a private tour of her $33,000,000 listing at 5050 North Bay Road. Both Michael and I were surprised to see for ourselves what $33,000,000 does and doesn't buy you in Miami -- living next to Ricky Martin does have its price.
As always if you have any questions about the market, or know anyone that would benefit from our experience just let us know!
Meredith Martin & Michael Basham
The Harrison, formerly known as One Rincon Tower II, begins taking reservation April 1st with pricing coming out this coming week. There are 298 residences in the 47-story tower, common spaces throughout (including the lobby, artist rendering above) all 're-designed' by Ken Fulk.
GOING... GOING... SOLD!
Our listing at 370 De Haro Street #A8 at Showplace Square in the Design District, a 1-bed and 1.5-bath plus 1-parking live/work loft sold after just 7 days on the market, above list price and setting a record in the building for 1-beds.
Friends of ours at Paragon have a NEW off-market listing at Showplace Square: 301 Rhode Island Street. It's a 1-bed bright and airy loft with 2 full baths, 2 parking spots and huge storage. Approx. 1180 square feet, with corner gas fireplace and maple floors. If you'd like to buy in a standout building with great neighbors, incredible walkability and a healthy HOA, let us know.
Ah...Russian Hill: one of the best neighborhoods in the city and shy of inventory at all times. We managed to find some of our favorite clients an off market cooperative condo at the top of the hill with amazing views to Coit Tower, both spans of the Bay Bridge, and the Transamerica pyramid that no one else had the chance to see. We found this off-market property for our clients by maintaining strong relationships in the industry and keeping our ear to the ground.
Arden in Mission Bay, reported to be the fasted selling condo development in the US at the time, had a coveted north-facing unit come back on the market and we managed to sneak a client into contract (at asking). It's a 2-bed and 2-bath plus 1-parking residence with jawdropping floor-to-ceiling wrap-around views across SoMa and Downtown and to nearby AT&T Park. The home just closed yesterday to a very happy client.
NEW &UPCOMING LISTINGS
One of forty-five brick and timber converted lofts at 310 Townsend Street, Residence #211 is a rare offering — irreplaceable and increasingly coveted, it’s almost legendary. Fixed at the end of a winding matrix of halls though an historic turn-of-the-century warehouse, your home awaits like a prize.
You’ve arrived. Seamlessly united dramatic living spaces extend the length of the residence from the moment you step inside. Handsomely exposed masonry and soaring pillars pay homage to our city’s past, perfectly framing stunning outlooks to rising towers outside like a motion picture yet to reach its climax. The mingling of industrial and organic forms is truly seductive. Punctuating the open-concept plan is a modern entertainer’s kitchen with stainless Bosch appliances, remodeled bath with walk-in shower, bamboo flooring and generous flexible space. As the night unfolds, take privacy in a bedroom of brick, timber and steel.
With restaurants, grocers, nightlife, CalTrain, MUNI and commuter lines at your doorstep, the location of 310 Townsend Street is second to none. Here, in the heart of San Francisco’s ultimate urban playground, you’ll never have to travel far. And with a home this rewarding, you may never leave. More: mysomaloft.com
Here's a 2nd sneak peek of our upcoming 1,750 square foot 1-bed and 1-bath penthouse loft listing at 151 Alice B. Toklas Place #812 (see more photos on Instagram)—
"My husband and I could not have been luckier to have had Meredith Martin as our real estate agent. We were absolutely set on buying a single-family home in San Francisco (even though that meant being further away from the park, which we didn't really want to do). Meredith sensed our hesitation and convinced us to look at a place she thought would suit our lifestyle much better--even though it was a condo. As soon as we pulled up, we were in awe. Five years later, we love our place and our neighborhood and are grateful for Meredith's keen intuition."
- Jennifer S.