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After the newsworthy (though discounted) sale of 2250 Vallejo sold this month, another high end property had to step up to claim title as San Francisco’s most pricey listing.

The winner: 2476 Broadway.

Intriguingly, given our heated and generally seller– and seller only– friendly market, this property too is now offered at a discount: the current price of $19.5 million is a mansion size (in other cities, in other states) drop from the original May 2016 list of $22,000,000. 

Revised edition

This listing stands out even in the Bay Area’s glut of luxury homes for several reasons. At 9,570 square feet, the original structure here dates to 1913. But now, early 20th century detail has been “largely eradicated from the now four-story mansion, replaced by modern and very expensive features,” such as a huge kitchen taking up almost half of one floor; another floor offers six bedrooms with en suite baths; a lower level is strictly for entertainment through games, wine cellar, music studio or 120-inch projection screen and full surround-sound system. Don’t forget the roof deck with BBQ and fire pit, or elevator running from garage to the top floor. 

Calling all luxury buyers

All this gaudy splendor asks now under $20,000,000. Is this the price at which our now most pricey home will sell, or are more discounts coming? Readers, the comments await.

Article source: http://blog.sfgate.com/ontheblock/2016/10/21/even-after-a-price-cut-sfs-new-most-expensive-home-is/

The San Francisco Business Times releases its annual 100 Fastest Growing Companies in the Bay Area list

San Francisco, CA (PRWEB) October 20, 2016

Avenue Code announced today that it has been ranked by the San Francisco Business Times on the 25th annual Fastest Growing Private Companies in the Bay Area list, an exclusive ranking of the region’s fastest growing private companies. Private companies remain one of the Bay Area local economy’s most important segments. The winners and rankings were unveiled at an awards gala on October 13, 2016 at the Four Seasons San Francisco. To view the complete list visit: http://bizj.us/1omzdw . This is Avenue Code’s first year on the list.

The companies on this year’s list ranked between 58.9 percent and 2,786.5 percent growth. Companies are ranked by percentage of revenue growth increase between 2013 and 2015. They were required to have at least $200,000 in revenue in 2013 and be privately held and headquartered in the counties covered by the Business Times — San Francisco, Alameda, San Mateo, Contra Costa Marin, plus Palo Alto. Avenue Code is the leading IT consulting agency focused on delivering end-to-end e-commerce solutions for the retail industry. Founded in 2008 and profitable since day one, Avenue Code is completely self-funded and 100% company owned. The company is headquartered in San Francisco and also operates in New York and Brazil.

“Our region is renowned as a hub for innovation and as an ecosystem that fosters growth companies,” said Mary Huss, Publisher of the San Francisco Business Times. “Avenue Code, along with all of the companies on the list deserves special recognition because they fuel our regional economy.”

“We’re honored by this recognition from the San Francisco Business Times,” said Chase Hill, CEO. “Our growth rate continues to climb, which we attribute to our talented consultants and visionary clients. The expertise, solutions, and, above all, the collaborative spirit we bring to bear for our clients have been truly transformative, and our growth reflects that reality. We look forward to celebrating continued success in the coming years.”

About Avenue Code

Avenue Code is a full-service information technology consulting and development organization that specializes in Agile Methodologies (http://www.avenuecode.com). Serving Fortune 100 e-commerce companies, Avenue Code boasts a breadth of experience in e-commerce, omni-channel technology, and mobile development. Avenue Code is committed to providing solutions to assist clients in building sustainable success.

About San Francisco Business Times

The San Francisco Business Times is the #1 print and online source for Bay Area business news and information on the most successful people, companies and transactions in the region. Every Friday, the Business Times arrives with an in-depth lineup of breaking local news stories, business profiles and valuable industry rankings. From technology and sustainability to small business, biotech, hospitality, real estate and banking, the Business Times covers the most relevant and timely topics for the Bay Area business community. SanFranciscoBusinessTimes.com takes the Business Times brand known for its insight, analysis and high journalistic standards and extends it to the Internet. Thousands of established and up and coming executives visit SanFranciscoBusinessTimes.com every day looking for the information they need to do Business in the Bay Area.

For the original version on PRWeb visit: http://www.prweb.com/releases/2016/10/prweb13780606.htm

View Comments and Join the Discussion!

Article source: http://www.benzinga.com/pressreleases/16/10/p8583781/avenue-code-ranked-among-san-francisco-bay-areas-fastest-growing-privat

As a true game-changer and full service real estate broker, Reali is introducing a scalable model that can be quickly launched in new markets. With its innovative app, as well as a back office platform focused on expert customer service, Reali’s solution offers homebuyers a unique experience in lieu of a traditional agent. App users benefit from a comprehensive set of features, from search and analysis to transparent in-app bidding and through live expert chat. In addition, Reali’s end-to-end transaction model captures unique and relevant data that analyzes every step of the home buying process.

“We’re excited to launch Reali in Silicon Valley – a hot real estate market ripe for disruption and change,” said Amit Haller, Reali’s co-founder and CEO. “Our experience in both the technology and real estate industries has given us a unique perspective to reshape the home buying and selling process with a new offering for consumers.”

The benefits of using Reali:

• Lower fees and cash back- A full refund of the buyer’s agent commission (typically 2.5%) is paid back to the buyer. The seller’s commission is reduced to just 4%, saving tens of thousands of dollars in certain markets
• App- Reali’s iOS offering provides a better and more transparent experience for buyers than the traditional process, with search analysis of available homes, open bidding, paperwork submission, offer submission and much more.
• Innovative buyer experience – Bluetooth beacons guide you through an available home, Reali experts available via in-app chat, open house on demand and other modern conveniences.
• Full brokerage service warranty to both home buyers and sellers.

Starting today, Reali will introduce offerings in select San Francisco Bay Area real estate markets, such as Palo Alto and East Palo Alto. A demo house, located in downtown Palo Alto, allows local buyers sellers to experience the Reali difference first hand.

Within several weeks, Reali will expand its offerings to additional San Francisco Bay Area real estate markets, such as Mountain View, Menlo Park and Los Altos. 

Investors in the seed round include angels Oren Zeev, Warren Weiss and Yuda Doron and firms Liquid2 Ventures led by Joe Montana, Mike Miller and Michael Ma, and Dragonfly Investments Group. The capital raised will be used to grow the company’s engineering team and expand into new real estate markets. 

For more information and to download Reali from the App Store, please visit http://www.reali.com/

About Reali
Founded in 2015, Silicon Valley-based Reali is a real estate marketplace that matches buyers and sellers at a fair price, by empowering users with modern tools and leveraging their mobile lifestyles in new and inspiring ways. Reali’s founders, Amit Haller and Ami Avrahami, are the team behind Dragonfly Investments Group. To learn more about Reali, visit us at http://www.reali.com/.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/reali-introduces-a-new-way-to-buy-and-sell-a-home-300347132.html

SOURCE Reali

Article source: http://www.prnewswire.com/news-releases/reali-introduces-a-new-way-to-buy-and-sell-a-home-300347132.html

The median sale price for Bay area homes fell in August to $675,000. It was the second consecutive month of price declines across the nine counties since since the median hit an all-time high of $710,000 in June.

The price for all homes — single-family homes, condos, townhouses — fell 2.9 percent from $695,000 in July. On a year-over-year basis, however, the median was up 5.2 percent from $641,750 in August 2015.

“The region’s median sale price has risen on a year-over-year basis for nearly four and a half years, and while those gains were consistently double-digit — as high as 33 percent — between mid-2012 and mid-2014, they have since been single-digit and fairly steady, averaging about seven percent over the past two years,” said Andrew LePage, research analyst for the CoreLogic real estate information service, which released the latest numbers.

“In July and August, those year-over-year gains dropped to around 5 percent,” he continued in a statement. “Given seasonal and other forces, including affordability constraints, it’s possible that the Bay Area’s median sale price hit its peak for 2016 in June when it was $710,000, the region’s all-time high.”

According to CoreLogic, 8,374 homes sold in August in the region’s nine counties — up 8.3 percent from July 2016 and up 3.2 percent from August 2015. The sales uptick reversed a months-long decline in sales.

“San Francisco Bay Area home sales perked up a bit in August, rising slightly above a year earlier for the first time since March of this year,” said LePage. “Job growth, low interest rates, household formation and other factors helped drive sales.”

In Santa Clara County, the median price rose year-over-year by 2.3 percent from $811,000 to $830,000. In San Mateo County, the rise was nine percent from $975,000 to $1,062,500.

In Alameda County, the median was up 6.4 percent year-over-year, from $639,000 to $680,000. In Contra Costa County, the increase was more marginal — up 1.3 percent from $502,500 to $509,000.

Article source: http://www.eastbaytimes.com/2016/09/20/bay-area-real-estate-prices-down-from-august-up-from-a-year-earlier/

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A: Measure Q in San Mateo and Measure R in Burlingame are two ballot measures on the Peninsula in November. Each measure could have a dramatic effect on the area’s economy. Both measures seek to introduce rent control and just-cause eviction measures by creating a rent board/rent commission.

With that in mind, here are some of the talking points for and against each measure.

Points against Measures Q, R:

• Would cost taxpayers millions annually.

• Creates an unaccountable, unelected commission. One estimate is that it will cost $2.5 million per year to run the commission.

• Property owners would have more difficulty removing a renter who is a nuisance or delinquent.

Points favoring Measures Q, R:

• Allows rent to be raised 1 to 4 percent annually depending on the rate of inflation.

• Rolls rents back to September 2015 levels.

• Limits evictions to specific situations (i.e. unpaid rent) rather than evictions just to raise rents.

Jeff LaMont, Coldwell Banker,

(650) 740-8808, jeff@jefflamont.com.

A: There are a slew of propositions on the ballot that have to do with housing, affordability, homelessness and the city transfer tax. All have arguments for and against them on both sides, and I’m sure all will have an impact on the quality of life and desirability of living in and investing in the city. The two that seem to me the most straightforward to me are Propositions P and RR.

Proposition P enacts a competitive bidding process for affordable housing projects.

We all know there’s an affordability crisis in San Francisco. This affects real estate prices and ultimately impacts jobs and wages as people begin to look to more affordable communities.

In theory, reducing the cost of building affordable housing by making that process more competitive would allow for more housing our city so desperately needs. There’s also the added benefit of retaining our long-term and most necessary residents. I am all for building as much housing as possible at all affordability levels. To me, our lack of inventory has reached a crisis point.

Proposition RR allocates money to upgrade BART equipment and safety. Of course, anything that increases the safety and reliability of public transportation can only have a positive impact on the Bay Area job market.

Nina Hatvany,

Pacific Union Real Estate,

(415) 710-6462,

nina@ninahatvany.com.

A: If you live in San Francisco, Alameda, Mountain View or Richmond, you will be faced with a rent control measure on this November’s ballot.

As all of us know living in the Bay Area, the affordability of housing has reached a crisis point. A median rent price of $3,501 for a one-bedroom in San Francisco has focused interest on these new rent control measures.

These measures are not to keep rents from ever increasing, but to stabilize by only allowing increases by a nominal percentage. With companies such as Apple acquiring 43 acres in the South Bay and Facebook gobbling up another 68 acres in Menlo Park, our economy and job market will continue to add jobs and people who need housing. If the proposed rent control measures do pass this election, the effect of the state’s 21-year-old Costa-Hawkins Rental Housing Act exempting residential housing built after 1995 from rent control will be limited, making that housing more affordable.

Unless a large amount of new housing is built, we will keep seeing astronomical sales and rent increases.

Meghan Duffy,

McGuire Real Estate,

(415) 652-0677, mduffy@mcguire.com.

Article source: http://www.sfgate.com/realestate/article/What-California-ballot-measures-could-affect-Bay-9972340.php