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Author Archives | Andrew Jeffery

About Andrew Jeffery

Andrew Jeffery is co-founder and CEO of Cirios Real Estate.

32 Offer Update: Sold! For Double Asking

May 14, 2012

2 Comments

22nd

Why pay list, when you can pay double? Last month, I posted about  a property in San Francisco’s Mission neighborhood that elicited 32 offers. Well, the sale closed last week at a whopping 96% above asking. Which begs the question, will paying double list the week before Facebook goes public prove to be a genius [...]

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SF Payroll Tax Needs to Go

April 23, 2012

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san-francisco

Check out my op-ed in this morning’s Chronicle: As an employer in San Francisco, I understand and respect the need to pay my share for city services. But when a love letter from City Hall reminded me of our annual payroll tax obligation, it didn’t just hurt my pocketbook; it offended my sense of rationality. [...]

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35% Above Asking? The Seller’s Market is Officially Here

April 18, 2012

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86 Wool

It’s beginning to feel a lot like “the good old days,” where real estate is once cocktail party subject de jour. Oh San Francisco, you do love blowing bubbles. Case in point: 86 Wool St., an 1,100 square foot Marina-style home in Bernal Heights, just sold for $202,000 above list. Wow. A block north of [...]

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SoMa vs. Nob Hill: Where would you buy?

April 13, 2012

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soma v nob hill

By Andrew Jeffery I had an interesting conversation this morning about relative performance in different San Francisco neighborhoods during and after the housing bubble burst. Conventional wisdom would lead one to believe that SoMa, the fringier and “overdeveloped” part of San Francisco would have performed better than Nob Hill, which is much more established as [...]

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32 Offers — Are We in a Bubble?

April 11, 2012

14 Comments

22nd

We get asked almost every day whether we think a bubble is forming around social media companies like Facebook, Twitter and Zynga. And with Facebook buying Instagram this week for $1 billion, “bubble” is now on the tip of everyone’s tongue. They say you can see a bubble if you look at the real estate [...]

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