The perfect time for being a home buyer...

Posted by Leslie Bauer on Monday, February 15th, 2016 at 10:41am.


Photo of "The Pacific Heights" new luxury residences to be released in early spring

San Francisco remains one of the most desirable places to live...

We are seeing some properties come back on the market in 2016 that did not sell in 2015. The city is growing with new construction and some great new amenities in 2016 and 2017.

Interest Rates are at historic lows which makes today the perfect time for being a home buyer as low rates give you additional purchase power. To assess what that means, let’s model a few scenarios predicated on where rates have been in the past 5 and 15 years, vs where they are trending now. 

Purchasing a $1,250,000 property with 20% down, loan amount of $1,000,000

- 10/1 arm in 2005 averaged 5.250%, apr of 5.299% with a monthly payment of $5522.04

- 10/1 arm in 2010 averaged 4.625%, apr of 4.672% with a monthly payment of $5141.40

- 10/1 arm in 2016 is floating around 3.250%, apr of 3.280%, with a monthly of $4352.06

Thus the delta between 2010 and today translates to additional borrowing power of $1,181,500 with 20% down on a $1,476,875 property.

Pacific: Elegance Evolved

Right in the heart of Pacific Heights and being called the pacific heights. Built by Handel Architects and being developed by Trumark Urban. What was once the University of the Pacific Dental school will now be 76 new luxury residences. It is situated just one block off the famed Fillmore St. You won’t want to miss this. 5 star amenities including a fitness center 24/7 concierge staff, a roof top owners lounge with views, a business lounge with a suite for over-night guests and so much more. 

The 10 – 3 bedroom town homes will be released first in early spring. The penthouses of which there are only 4 will be sold as shells. I’ve heard 1 shell may already be sold. We will see the remaining homes come available later in the spring. Don’t wait until the news hits the presses. They will probably be gone by then.

76 new homes in a sought after neighborhood won’t last long.

Let me get you in early.


The ongoing project of the dynamic SFMOMA (the San Francisco museum of modern art) expansion by international firm Snøhetta has announced an official opening date of 14th may 2016.“This is a game changer for San Francisco,” said SFMOMA Director Neal Benezra. “It lifts us to the top ranks for museums of modern and contemporary art in the world.” Read more...



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