Prices Climb Strongly in San Francisco, Rise Modestly in Los Angeles and San Diego

SAN FRANCISCO–(BUSINESS WIRE)– Luxury home values rose in California’s major metropolitan markets in the third quarter of 2012 compared to a year ago, according to the First Republic Prestige Home Index™ by First Republic Bank, a leading private bank and wealth management company.

In the quarter that ended Sept. 30, 2012, the Index indicated the following:

• San Francisco Bay Area values rose 8.1% from the third quarter of 2011 and gained 2.4% from the second quarter of 2012. The average luxury home in San Francisco is now $2.73 million.
• Los Angeles area values rose 1% from the third quarter a year ago and declined 0.8% from the second quarter of 2012. The average luxury home in Los Angeles is now $2.02 million.
• San Diego area values climbed 2.2% year-over-year and increased 0.8% from the second quarter of 2012. The average luxury home in San Diego is now $1.66 million.

“Luxury home prices were particularly strong in the San Francisco Bay Area during the third quarter of 2012,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “The Bay Area economy is healthy, inventory is limited, and multiple offers are increasingly the norm. Values in Los Angeles and San Diego are rising, and some neighborhoods are experiencing strong demand. Historic low interest rates have resulted in an elevated level of activity in luxury markets throughout California.”

First Republic Bank produces the Prestige Home Index each quarter with Fiserv CSW Inc., a leading provider of automated property valuation services and home price metrics to U.S. financial institutions. Historical results of the Index, which has tracked luxury homes since 1985, are accessible at www.firstrepublic.com. First Republic Bank is an active lender in the luxury home market for primary residences and vacation homes.

San Francisco Bay Area Values

The Bay Area posted its second consecutive quarter of healthy gains on a year-over-year basis. The 8.1% year-over-year increase in the third quarter of 2012 was the highest since the first quarter of 2006.

In San Francisco, agents said the market remains robust. “Prices for luxury homes have been strong all year,” said Malcolm Kaufman of McGuire Real Estate in San Francisco. “There is limited inventory, the economy here has returned better than anywhere in the country, and employment is up. Lots of money is being spent on $5 million homes and $10 million homes. For some, it feels like 2005 again.”

In Silicon Valley, the market was very strong. “People have secure jobs and stable incomes,” said Pat Kalish of Intero Real Estate Services in Menlo Park. “Except for the highest end of the luxury market, there is strong competition for properties. We have scarcity of homes, historic low interest and an optimistic outlook. When you are out in the market, you feel the optimism.”

In the Marin County, the market was softer. “Marin has not seen the increases that have happened in Menlo Park or San Francisco,” said Pat Montag of Decker Bullock Sotheby’s International Realty in Mill Valley. “We typically lag a quarter behind San Francisco. We did see an uptick at the end of third quarter in the $3 million to $5 million range. Many people are still waiting until they see what happens in Washington D.C. in the first quarter.”

Los Angeles Area Values

In Los Angeles, values rose 1% on a year-over-year basis, but edged down from the second quarter of 2012. Real estate agents said the most desirable locations in Los Angeles area continue to experience accelerating demand and price increases.

Dan Weiser of Coldwell Banker Beverly Hills South said sales activity had returned to pre-financial crisis levels. “On the west side of Los Angeles, inventory is scarce and demand is high. We’re back to 2007 sales volume. Prices are probably within 10% of the height of the market. Sellers are getting incredible prices for properties in the highest end of the luxury market.”

Michele Hall of Coldwell Banker in Brentwood said newly constructed luxury homes are selling quickly. “New construction is flying off the shelf, with all cash and multiple offers. We’re seeing multiple offers in every price range, and there are fewer foreclosures and short sales. Inventory opened up, but was then snapped up.”

In Santa Barbara, the market also was very active. “The luxury market is very strong in Santa Barbara and Montecito,” said Joanne Schoenfeld of Santa Barbara Living Real Estate Brokerage. “There is a lot more activity and closed sales than last year. Prices continue to rise slightly, and I don’t see them going down any time soon. It’s a good, strong market.”

San Diego Area Values

San Diego luxury homes continued to trend higher on a year-over-year basis. Prices have now increased for the past three quarters on a year-over-year basis, including a 2.2% gain in the third quarter compared to a year ago.

For properties over $3 million, sales activity is picking up. “We have had a higher number of units sold this year than last year for homes over $3 million,” said Michael Taylor of California Prudential Realty in Rancho Santa Fe. “To me, that indicates fear has been wrung out of the market. People are now willing to spend more to buy a home, and they’re getting significantly more home because of the recent price declines. The perception is that we are at the bottom of this market.”

In the $1.5 million to $2 million range, there is more inventory, said Farid Khayamian of Bluxen Real Estate in La Jolla. “There are a lot of people who want to buy,” Khayamian said. “We see multiple offers everywhere, particularly when the property is priced right. A year ago, there was more inventory due to short sales and foreclosures, but that has dried up. Right now, you have to buy at the asking price. In January, we will have more inventory and possibly lower prices.”

About The First Republic Prestige Home Index

The First Republic Prestige Home Index™ is the first statistical model of its kind customized to measure changes in homes valued at more than $1 million in key California urban markets. Some common features of luxury homes in the Index: 3,000 to 6,000 square feet, three to six bedrooms, and three to six bathrooms. San Francisco Bay Area properties include a cross-section of luxury homes in Alamo, Atherton, Belvedere, Danville, Healdsburg, Hillsborough, Lafayette, Los Altos, Los Gatos, Mill Valley, Moraga, Orinda, Palo Alto, Piedmont, Portola Valley, Ross, St. Helena, San Francisco, Saratoga, Sonoma, Tiburon and Woodside. Properties in Los Angeles represent a cross-section of luxury homes in Arcadia, Beverly Hills, Calabasas, La Cañada Flintridge, Encino, Los Angeles, Malibu, Marina del Rey, North Hollywood, Pacific Palisades, Pasadena, Playa del Rey, Santa Monica, Studio City, and the West Los Angeles enclaves of Bel Air, Brentwood and Westwood. San Diego properties represent a cross-section of luxury homes in Carlsbad, Coronado, Del Mar, Encinitas, La Jolla, La Mesa, Poway, Rancho Santa Fe, San Diego and Solana Beach. In producing the Index, Fiserv CSW Inc. draws upon its economic database and years of experience in tracking single-family home values; collects and cross-checks data from multiple sources; achieves a weighted balance of validation elements such as repeat sales, comparable sales and physical home characteristics; and combines this with First Republic’s extensive local market knowledge.

About First Republic Bank

First Republic Bank (NYS: FRC) and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. First Republic is a component of the SP Total Market Index, the Wilshire 5000 Total Market Index^SM, the Russell 1000®, Russell 3000® and Russell Global indices and six Dow Jones indices.

Blue Marlin Partners
Greg Berardi, 415-239-7826
greg@bluemarlinpartners.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

Article source: http://www.dailyfinance.com/2012/11/20/california-luxury-home-values-rise-again/

SAN FRANCISCO, Feb 22, 2012 (BUSINESS WIRE) –
Luxury home values declined slightly in Los Angeles and San Francisco,
but rose in San Diego in the fourth quarter of 2012 compared to the
third quarter, according to the First Republic Prestige Home Index(TM) by
First Republic Bank, a leading private bank and wealth management
company.

In the quarter ended Dec. 31, 2011, the Index indicated the following:

–
Los Angeles area values declined 1.8% from the third quarter of 2011
and dipped 0.1% from the fourth quarter a year ago. The average luxury
home in Los Angeles is now $1.97 million.

–
San Diego area values rose 1.1% from the third quarter but dropped
3.7% year-over-year. The average luxury home in San Diego is now $1.64
million.

–
San Francisco Bay Area values fell 0.3% from the third quarter and
were down 3.1% from a year ago. The average luxury home in San
Francisco is now $2.52 million.

“Luxury home prices in urban, costal markets in California were mostly
stable in the fourth quarter,” said Katherine
August-deWilde, President and Chief Operating Officer of First
Republic Bank. “Low rates, good values and positive economic news have
led to increasing interest in home buying in 2012. San Francisco and
Silicon Valley, in particular, are likely to benefit from the strength
of the technology and social media sectors.”

First Republic Bank produces the Prestige Home Index each quarter with
Fiserv CSW Inc., a leading provider of automated property valuation
services and home price metrics to U.S. financial institutions.
Historical results of the Index, which has tracked luxury homes since
1985, are accessible at
www.firstrepublic.com .
First Republic Bank is an active lender in the luxury home market for
primary residences and vacation homes.

Los Angeles Area Values

In Los Angeles, values have remained in a narrow range over the past two
years. In the first quarter of 2010, the average price of a luxury home
in Los Angeles was $1.98 million. In the fourth quarter of 2012, it was
$1.97 million.

Agents said buyer activity rose toward the close of the fourth quarter.
“The end of the fourth quarter closed very strong,” said Mary Beth Woods
of Coldwell Banker in Brentwood. “The problem is that we don’t have as
much inventory as we need. Buyers are hunting for properties. If the
home is priced close to recent comps, it will sell.”

Rory Posin of RE/MAX in Beverly Hills said the market has clearly picked
up. “I don’t think I could be any busier. Pricing is flat, but activity
is strong.”

In Santa Barbara County, the market appears to be firming. “The high-end
market in Montecito was slow the last couple of years, but it heated up
at the end of 2011,” said Rebecca Riskin of Village Properties in
Montecito. “Since January, we have seen multiple closings for over $9
million, as well as several homes above $15 million enter escrow. Buyers
remain price conscious, but there is a greater level of confidence in
the market.”

San Diego Area Values

San Diego values posted a second consecutive quarterly gain, but prices
were still down 3.7% year-over-year.

“Most of the high-end sales in the fourth quarter were on the
oceanfront,” said Andy Nelson, President and CEO of Willis Allen Real
Estate. “In the first quarter, we have seen new buyers looking for
properties. That’s a good sign. We also have reduced inventory and that
could help push prices. If prices start improving, we may see sellers
re-enter the market.”

In La Jolla, activity has increased markedly since the beginning of the
year. “The fourth quarter was slow, and we were worried it would carry
over into the New Year,” said Peggy Chodorow of Prudential California
Realty in La Jolla. “Since the beginning of the year, the market has
changed. People are buying houses, and the number of showings has
skyrocketed. We’ve even had some multiple offers. This is going on
across every price range.”

San Francisco Bay Area Values

In the Bay Area, Silicon Valley and San Francisco were the most robust
markets for luxury homes.

“You are starting to see the positive impact of social media IPOs, hedge
fund wealth, and interest from foreign buyers,” said David Barrett of
Warwick Properties Group in San Francisco. “The market is benefitting
from good old-fashioned consumer confidence. We recently had 100 people
at a showing.”

In Silicon Valley, the market was strong. “In the fourth quarter,
especially in the last two months, the market really picked up,” said
Monica Corman of Alain Pinel in Menlo Park. “Just about everything was
selling. Palo Alto has been strong, and it has spread to other
communities. There’s incredibly low inventory and pent-up demand.
Silicon Valley also has experienced job growth and IPOs. All of this is
driving the market.”

In Marin County, prices were stable. “The market is largely flat and
will remain flat for the next two to three years, with only modest
increases likely,” said Brad Garsten of Frank Allen Howard Realtors in
Greenbrae. “We’re going to continue to teeter along the bottom until the
economy comes back nationally and globally.”

About The First Republic Prestige Home Index

The First Republic Prestige Home Index(TM) is the first statistical model
of its kind customized to measure changes in homes valued at more than
$1 million in key California urban markets. Some common features of
luxury homes in the Index: 3,000 to 6,000 square feet, three to six
bedrooms, and three to six bathrooms. San Francisco Bay Area properties
include a cross-section of luxury homes in Alamo, Atherton, Belvedere,
Danville, Healdsburg, Hillsborough, Lafayette, Los Altos, Los Gatos,
Mill Valley, Moraga, Orinda, Palo Alto, Piedmont, Portola Valley, Ross,
St. Helena, San Francisco, Saratoga, Sonoma, Tiburon and Woodside.
Properties in Los Angeles represent a cross-section of luxury homes in
Arcadia, Beverly Hills, Calabasas, La Canada Flintridge, Encino, Los
Angeles, Malibu, Marina del Rey, North Hollywood, Pacific Palisades,
Pasadena, Playa del Rey, Santa Monica, Studio City and the West Los
Angeles enclaves of Bel Air, Brentwood and Westwood. San Diego
properties represent a cross-section of luxury homes in Carlsbad,
Coronado, Del Mar, Encinitas, La Jolla, La Mesa, Poway, Rancho Santa Fe,
San Diego and Solana Beach. In producing the Index, Fiserv CSW Inc.
draws upon its economic database and years of experience in tracking
single-family home values; collects and cross-checks data from multiple
sources; achieves a weighted balance of validation elements such as
repeat sales, comparable sales; and physical home characteristics; and
combines this with First Republic’s extensive local market knowledge.

About First Republic Bank

First Republic Bank


/quotes/zigman/2803861/quotes/nls/frc FRC
-0.65%



and its subsidiaries provide private
banking, private business banking and private wealth management. Founded
in 1985, First Republic specializes in exceptional, relationship-based
service offered through preferred banking or wealth management offices
primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara,
Newport Beach, San Diego, Portland, Boston, Greenwich and New York City.
First Republic offers a complete line of banking products for
individuals and businesses, including deposit services, as well as
residential, commercial and personal loans. First Republic is a
component of the SP Total Market Index, the Wilshire 5000 Total Market
Index(SM), the Russell 1000(R), Russell 3000(R) and Russell Global
indices and six Dow Jones indices.

About First Republic Private Wealth Management

First Republic Private Wealth Management is the investment management,
trust and brokerage group of First Republic Bank. First Republic Private
Wealth Management offers objective advice and fully customized solutions
with the same level of exceptional client service that has been the
hallmark of First Republic Bank for more than 25 years. First Republic
has the flexibility to provide individuals, families, businesses,
endowments, schools and non-profit organizations with appropriate
choices that responsibly meet a client’s specific investment objectives.
Securities Products and Services are offered by First Republic
Securities Company, LLC – Member FINRA/SIPC. First Republic Securities
Company and First Republic Investment Management are wholly owned
subsidiaries of First Republic Bank. Unless otherwise disclosed,
investments through First Republic Investment Management and First
Republic Securities Company, LLC are not FDIC-insured, not bank
guaranteed and may lose value.

SOURCE: First Republic Bank

        Blue Marlin Partners
        Greg Berardi, 415-239-7826
        greg@bluemarlinpartners.com

Copyright Business Wire 2012

/quotes/zigman/2803861/quotes/nls/frc

Add FRC to portfolio

FRC

Article source: http://www.marketwatch.com/story/luxury-home-values-stable-in-fourth-quarter-of-2011-2012-02-22

SAN FRANCISCO, CA, Nov 17, 2011 (MARKETWIRE via COMTEX) –
Zephyr Real Estate once again leads the race in technology advances
for the real estate industry. San Francisco home shoppers need look
no further than their iPhone to find every available listing in the
city with Zephyr Real Estate Search, now available in the iTunes
Store.

The Zephyr MLS-powered search makes it easy to find all available
properties for sale in San Francisco. It is the only app that allows
users to search by specific neighborhood rather than just by zip
code, leading to far more nuanced results. The app includes GPS
detection to search in nearby areas, or by any other criteria that is
a priority for those looking for San Francisco properties.

By electing to create a free MyZephyr account, even more features are
available. For example, users will be able to find additional
properties not available on public websites, search pending and sold
properties, save searches and favorites, rate properties, make
notations, share properties with others via email or on Facebook,
receive new listing and price reduction email alerts, and use
Zephyr’s exclusive Home Tour tool. The Home Tour tool allows the
creation of customized multi-point driving directions of up to ten
properties, which is particularly useful for planning a tour of
Sunday open homes. All of the personalized saved information, from
searches to tours, is available from anywhere for those with a
MyZephyr account, whether utilizing the full site or the app.

“We’ve seen a dramatic increase in mobile usage of our site over the
past year, and expect to only see that trend continue with the
expansion of the mobile market,” commented Randall Kostick, Chief
Operating Officer of Zephyr. “With a robust mobile experience in
place in a market area with too few good options in the real estate
sect, we expect to see our site and app traffic continue to trend
upward.”

Recognizing the proliferation of smartphones in the marketplace,
Zephyr’s mobile website provides those users with an app-like
experience so that all the tools and services are available to
non-iPhone users as well.

“The diligent and detailed process to develop this app was extensive
and reflects Zephyr’s commitment to create an easy-to-use tool for
our clients,” stated Hud Bixler, Director of Technology. “We
deliberately decided to develop a custom app rather than license
something ‘off the shelf’ so that the content would be more
localized, which we feel is crucial.”

Currently, the new Zephyr app serves San Francisco only; however,
development for additional cities in the Bay Area is planned.

About Zephyr Real Estate
Founded in 1978, Zephyr Real Estate is San
Francisco’s largest independent real estate firm with $1 billion in
annual gross sales in 2010 and a current roster of more than 200
full-time agents. In 2010, Zephyr launched its new website, which has
earned two web design awards, including the prestigious Interactive
Media Award. Zephyr Real Estate is a member of the international
relocation network, Leading Real Estate Companies of the World; the
luxury real estate network, Who’s Who in Luxury Real Estate; and the
local luxury marketing association, the Luxury Marketing Council of
San Francisco. Zephyr has six strategically located offices in San
Francisco, a business center in Marin County, and serves a large
customer base throughout the San Francisco Bay Area. For more
information, visit
www.zephyrsf.com .

        Contact:
        Melody Brown
        Zephyr Real Estate
        San Francisco, CA
        415.729.3555
        Email Contact

SOURCE: Zephyr Real Estate

http://www2.marketwire.com/mw/emailprcntct?id=997B70F8BF308F97

Copyright 2011 Marketwire, Inc., All rights reserved.

Article source: http://www.marketwatch.com/story/zephyr-real-estate-debuts-iphone-app-2011-11-17

The team has gone fully native in Santa Clara, embracing the region’s technology industry and its monied denizens. Its plans to leave San Francisco behind and build a stadium down there are gaining headway, too. Just this week, the team unveiled a fancy new sales office in the South Bay that uses the latest technology from the Valley to showcase the proposed stadium, which would open in 2015 if the team can get its finances together.

And who can blame them? Great weather. Less urban blight. Richer fan base. Who cares if they leave the city for greener parking lots?

For one, the residents of San Francisco should care. And they should blame the team for turning its back on the city that raised it. Second, the politicians that got us into this mess should care. From my understanding of events, the 49ers were prepared to build here in San Francisco until a rift arose between co-owner John York and then-Mayor Gavin Newsom. A perfectly good plan to build at Hunters Point was scrapped and the team turned to Santa Clara.

And the 49ers are not looking back. At a media briefing to tout the new high-tech sales office, powered by technology from Hewlett-Packard among others, the team’s chief operating officer, Paraag Marathe, put it bluntly: “We are building a manifestation of what the 49ers represent and what Silicon Valley represents.”

He also said the team wants its stadium to be a “landmark of Silicon Valley.”

Not a whole lot of talk about San Francisco there. Or the East Bay. Or Marin. Until we asked.

“We’ve got a lot of respect for the city of San Francisco,” said Marathe, a thoroughly likable and seemingly competent executive. “But our season-ticket holders aren’t limited to the city. We believe we’ll be as close to the season-ticket holders as we’ve ever been.”

That’s probably true. Especially if you open your sales operation in a Silicon Valley office park and build a stadium in Santa Clara. I don’t envision too many people from San Rafael or Martinez driving an hour and a half to see what the view from their seats might look like. And then driving an hour and a half back.

To be fair to the 49ers, one has to admit the new stadium design looks great. The place will seat 65,000. It will have 165 luxury suites housed in a five-story, glass tower. On top of that tower will be a grassy area from which some select fans will be able to view the game. My only quibble would be in the class structure of the design. It’s skewed to the rich. But that’s the name of the game, especially in Silicon Valley.

The 49ers also argue that there are 13 freeway interchanges at the new facility, compared to four near Candlestick. And the team received a huge boost on the parking side of the equation recently when Great America was sold to new owners who have pledged 10,000 spots to the 49ers on game days.

“It’ll probably take less time for a fan in San Francisco to get here and back than it does at Candlestick,” Marathe said.

Not sure if I buy that, but it all seems to be falling into place in Santa Clara, except for the money. The 49ers have now raised nearly $189 million of the $987 million it will take to build the park. That’s a big gap, but Marathe said the team believes the NFL’s new collective bargaining agreement will pave the way for financing help from the league.

So, where does that leave San Francisco? Out of the picture.

It will be interesting to see whether the residents of San Francisco – who are losing their NFL franchise, make no mistake – will make this a viable issue in the upcoming mayoral elections.

So far, no one seems to care that the five-time Super Bowl champions are leaving town.

Classy closure: It was all class and good vibes at the Giants‘ last game of the season this past week, despite the team’s disappointing finish.

The stands were packed for the season-ending loss to the Rockies, proving that the Giants’ bandwagoners from last year have become true orange and black. And when and if the 49ers leave town, that loyalty will only grow.

Perhaps the classiest moment of the day came when manager Bruce Bochy pulled left fielder Pat Burrell out of the game in the late innings, allowing the hometown slugger to take the field before getting called back into the dugout, where he was met with a standing ovation from the crowd and a series of hugs from teammates.

Burrell was overcome with emotion and had to walk it off in the clubhouse tunnel.

“I could see him biting his lip,” said Aubrey Huff later that day as he packed up his gear in the clubhouse. “It was an emotional moment.”

Indeed it was. The Giants sold out every home game this year, drawing more than 3.3 million fans to set a club record. The fact that everyone at the last game knew this could be Burrell’s final moments on the field as a major-league ballplayer shows that these aren’t just rich dilettantes, going out to see and be seen.

The Giants have grown a knowledgeable, real community, right here in San Francisco.

The man in the middle: With the announcement of a merger between Squaw Valley and Alpine Meadows this past week, the natural question was: How can these adjacent resorts connect their slopes?

The answer lies with a man named Troy Caldwell, a one-time hot doggin’ ski champ who now owns a crucial piece of real estate between the two sites.

Caldwell’s land, known as White Wolf, is actually a private little ski area that connects the back side of Squaw Valley’s KT-22 area with the Alpine Meadows parking lot. A few years back, Caldwell famously put up 17 lift stanchions on his very own run, which he calls KT South, with plans to operate his own ski lift. He even obtained a permit that allows him 25 skiers per day, all friends and family. But he never finished the project and never operated an actual chairlift.

Now, Caldwell finds himself in the middle of a Tahoe megamerger, and he holds the keys to linking the two properties. Last year, after purchasing Squaw Valley, KSL Resorts contacted Caldwell with an eye toward purchasing his land. So far, no deal is in the works.

In order to open White Wolf as a connection between Squaw Valley and Alpine, the resorts would have to put in an additional chairlift to go over the ridge that divides White Wolf from Alpine.

Caldwell and his wife, Sue, live in Alpine Meadows, where they have built homes. He bought the acreage, which includes portions of KT-22 that he leases to Squaw, from Southern Pacific in 1990. Though there have been rumors of him selling White Wolf to KSL, he told my colleague Sam Whiting, “We’ve never had any firm offers. I’m sure they would like to buy it, but I want to be involved all the way through this thing.”

He estimates that a mountain connection between Squaw and Alpine is 10 years away. If they ever do link up, Squaw and Alpine would be the biggest ski and snowboarding resort in the nation, with over 6,000 acres of land. And that could be a real boon to the area’s bid for the 2022 Olympics.

Al Saracevic is The Chronicle’s sports editor. You can e-mail him at asaracevic@sfchronicle.com.

Article source: http://blog.sfgate.com/49ers/2011/10/01/does-san-francisco-even-care-if-49ers-leave-town/

Berry has been in the real estate profession for more than 12 years. He also has an award-winning background in graphic design. He is an active volunteer and fundraiser for his daughter’s school and several other Bay Area non-profit organizations, including Project Inform, an advocacy agency representing people who are HIV-positive.

Berry’s first column debuted in the Spring Edition of the Glen Park News, which is out now. The article charts homes recently bought and sold in the neighborhood, listing vs. selling prices and how long the properties were on the market. He shares his perception of the market, comparing the energy of the economy to last month, last quarter and last year. Advice is offered on how and when to put a home on the market, how to set expectations, how to prepare the property and an overview of interest rates, tax cuts and other factors to be considered. Even more interesting are the market trends and economic forecasts he offers.

Glen Park is in the central portion of San Francisco, just south of Noe Valley. Known as “The Village” among locals, the neighborhood has a small-town feel with an active neighborhood association (http://www.glenparkassociation.org/) as evidenced by the quarterly newspaper.

“We are proud of Bill and his contribution to the community in his professional capacity and in his volunteerism,” Randall Kostick, Chief Operating Officer of Zephyr, commented. “His contribution to the News will be an invaluable tool for buyers and sellers alike,” he added.

Berry is a member of the San Francisco, California and National Associations of REALTORS®. He can be reached at: billberry@zephyrsf.com or 415-378-7300.

About Zephyr Real Estate
Founded in 1978, Zephyr Real Estate is San Francisco’s largest independent real estate firm with $1 billion in annual gross sales in 2010 and a current roster of more than 200 full-time agents. In 2010, Zephyr launched its new website, which has earned two web design awards, including the prestigious Interactive Media Award. Zephyr Real Estate is a member of the international relocation network, Leading Real Estate Companies of the World; the luxury real estate network, Who’s Who in Luxury Real Estate; and the local luxury marketing association, the Luxury Marketing Council of San Francisco. Zephyr has six strategically located offices in San Francisco, a business center in Marin County, and serves a large customer base throughout the San Francisco Bay Area. For more information, visit www.zephyrsf.com.

Article source: http://www.marketwire.com/press-release/glen-park-news-debuts-zephyr-agent-bill-berry-as-new-real-estate-columnist-1507742.htm