We deliver value-added services focused to benefit our clients who buy and sell real estate in San Francisco with knowledge, enthusiasm and humor.
— Kevin + Jonathan (and Raffi)

Clients Say…

This far exceeded where we thought it would go. You have worked a miracle inside and out!

— Gene & Sally

Sellers, Retired, Entrusted Home Renovation Choices to Kevin, Twin Peaks


Buyers Say…

Kevin is fantastic — highly recommend! We worked with Kevin as buying agent and he was superb. He invested considerable time and energy to help us understand how the market and process here works. And he is super-responsive, even to late-night emails/texts which was great due to our work commitments. Importantly, he had great suggestions and advice on making our offer compelling, helping us secure the property we really wanted despite not being all-cash nor the highest offer.

— Sarah & Ross

Buyers, Google & EBay, Noe Valley

Our Mission:

It’s All About You. 

Grow your success, wealth and happiness together with Kevin + Jonathan.

My name is Kevin Ho and I am Broker Associate and Top Producer at Vanguard Properties, one of the top San Francisco brokerages that is also locally owned and operated. I am also one of San Francisco’s Top 10% of Agents. Together with my partner Jonathan McNarry, we specialize in residential real estate in and around our fair city of San Francisco representing buyers, sellers, investors and builders.  Our methodical, all-encompassing and creative approach is focused on advancing our clients’ interests. We look at real estate as being a valuable exercise that betters the community and as many people’s lives as possible.

Our client base and business continues to grow — success begets success. 

I am from Iowa City, Iowa originally, I am also an active attorney in California and have lived in San Francisco for 10 years.  Jonathan hails from the U.K. and cane to San Francisco via Atlanta. He worked in large-scale community-sized real estate development helping with planning, implementation and sales. He currently works as an ICU nurse at UCSF in addition to real estate. He’s good at identifying what needs to be done and when it needs to be done and remains cool, calm and collected where others wouldn’t.

We do real estate differently — we genuinely love what we do. To us, it’s not work but it’s what we do best. 

I’ve been an invited commentator/expert on Curbed SF, have been quoted and featured in the New York Times for innovative real estate marketing, and interviewed a number of times on local television news talking about real estate.

Tap into all of this knowledge, personality and experience right away by contacting us today.




Kevin K. Ho, Esq.


Top Producer & Top 21 Club Vanguard Properties (bre 01875957 | sbn 233408) Member: SFAR MLS & Technology Committee, Residential Builder’s Association, State Bar Real Property Section, Bar Association of San Francisco, AIA, Top Agent Network (Top 10% of San Francisco Agents)




Jonathan McNarry


Realtor Vanguard Properties (bre 01747295)


T H E  W E E K  I N  R E V I E W

In the Know with Kevin & Jonathan: The Tale of Two Offer Date Approaches

October 12, 2014 Edition, No. 41

While some properties receive tons and tons of offers, many don’t but that doesn’t mean that the property will sell for less. In some cases, it mean it will sell for more.

You’ll remember the lavish and lush sales office of the Lumina at Folsom and Main Street just opened about a week-and-a-half ago. And, just after 1 week of showings, there were 200 offers on the first release of just 51 units. What’s more is that there are more than 500 people who registered who haven’t even been called back yet. Anyway, the first phase’s offer date was last Friday and the staff only looked at offers that were for personal residences and only one offer per person. To those they came back with, “tell us your best and final.” And, after that response they then released an additional 50 units which also got snapped up so that about 100 units now reserved. To prevent investors trying to push up prices offers were only taken from owner-users and there is an initial prohibition on rental and the developer maintains a right of first refusal should anyone want to sell their unit. Scheduled delivery set for November 2015 at the earliest for Plaza A units and January 2016 for Tower D units with two more towers still under construction then.

Beyond the Lumina what else is going on? Properties are indeed going into escrow but there are a lot of properties that are still on the market with repeat open houses. As we said before, current inventory is being absorbed consistently but how agents are pricing properties is still inconsistent, which is why it’s more important for us to help you assess and dissect each property to see where the true value is. As you’ll see in this week’s exclusive Stories of the Week, there are lots of instances of properties being on the market for a little while longer than expected and then being scooped up suddenly. Thus, our advice isn’t to give up just yet. This is true for both buyers and sellers. Buyers are encountering fewer offer dates, fewer multiple offers and are being met by more receptive sellers. Sellers too are seeing properties sit on the market for a little longer but serious buyers coming along when it counts. We still have a long selling season ahead of us as it’s not until December when we typically see a prolonged slowdown for the holidays.

Highlights from This Week and Last Week

  • There were only 79 new listings entered into the MLS in the 24 hours before the Friday noon submission deadline for a listing to be included in this weekend’s open house listings. This is down from last week and some of these listings are relaunches of listings that were on earlier this year. There are, however, 538 open houses scheduled for San Francisco for Saturday and Sunday.
  • Vanguard Properties’ lending partner Citibank announced new Relationship-based discounts last week that discount mortgage rates based on the amounts on deposit with Citibank while your mortgage application is being reviewed. The news here is that if you have as a little as $50,000 on deposit that your mortgage interest rate will be reduced by 1/8th of a point and at $250,000 that adds up to a quarter point off provided funds are on deposit for 10 days before close of escrow and are not part of the down payment. Citibank’s underwriters have also relaxed requirements for buyers who will have their parents as co-signers. Ask our representative, Tony Alencar, more.
  • Airbnb passed its major hurdle to becoming legal in San Francisco ratifying the reality many have already taken advantage of for the past few years.
  • SFAR, the San Francisco Association of Realtors, is considering two new items that should help level the playing field for folks working with its member agents. First, with the exception of new construction, the Association is working on making it mandatory for agents submit all of their listings to the MLS even those that are only ever intended to be sold off market (which will be designated as private/member’s eyes only) or face serious fines. Next, after years of stalemate, the San Francisco Assessor (which as a horrible record of updating property records for property tax purposes meaning that it can be up to 2 years before an accurate property tax assessment arrives) and Association are working to have an agreement whereby the Assessor would be granted a very limited enterprise license access to MLS data so they can update tax records in an effort to speed up reassessment. The current Assessor, Carmen Chu, has been a friend to real estate. In principle the data would only be used for reassessment purposes and could not be shared with any other city department like the Building Department (think unwarranted units/non-permitted construction). But when it appeared a mutually acceptable agreement was going to be reached another impasse emerged. And, we’re back to square one.
  • More than half of the buyers looking in Marin are from San Francisco at least according to Vanguard’s agents in the area. And who could blame these buyers? Houses with guest houses, acreage, views and value $3.68M for 10 acres, a 5,000-sqft home and 1,000-sqft guest home. Getting a house and acreage for the price of a 1-bedroom condo? If you’re looking up in Marin or even further north contact us as we can refer the right Vanguard Properties’ colleague.
  • Third Quarter numbers are in and it should come as no surprise that Vanguard Properties maintained its number 1 position in District 9 with the most listings and sales in the sunniest part of the City spanning over the Mission, SOMA, South Beach, Dogpatch, Bernal and Potrero. And for District 5, Mission Dolores, Noe Valley, Eureka Valley, the Castro and Duboce, Vanguard was number 2. And, for the entire MLS, Vanguard ranks in the top 5 brokerages.


 Remember to Vote No on G! No on G!

A few weeks ago we mentioned Proposition G and why you should vote to stop this non-sensical transfer tax increase that could possibly lead to an additional 24% tax on a property’s entire sale price if sold within the first 5 years of ownership — would this reach back to transactions that have changed hands in the last 5 years?

The proposed law itself is unclear. No one knows where the money will go. Also unclear is that the law is intended to cover buildings with 2 to 29 units — including the 40,000-50,000 single-family homes with in-law units. It’s unclear if you need to rent the units out or not but if the law passes one unintended consequence is that owners of these homes with in-law units may well remove those units from the rental pool to avoid the onerous tax. Also unclear is if the law’s exemption for an owner’s continuous occupancy of 12 consecutive months is voided if the owner moves out before a transaction close, which is what most people do given renovations, staging and open houses. Also unclear is whether TIC developments would be covered by the law. So many questions without answers means the proposed law is deeply troubling at minimum and reckless at worst. Apart from Voting No on G this fall, tell your friends and learn more at No on G’s website.

G E M S  O F  T H E  W E E K

Presenting Gems of the Week. These are homes that have that appeal or charm that are, well, gems. They may be diamonds in the rough or worth a diamond’s price.

Gem of the Week: 475 28th Street

Gem of the Week: 311 Jersey Street


line-book2Over the past 4 years Kevin has been compiling our collected experience, learning and knowledge in one place — our ongoing and evolving Buyers’ Guide, which you can download below.

  • Learn how our clients win at competitive bidding without being the highest offer.

  • Familiarize yourself with San Francisco’s neighborhoods.

  • Get your ducks in a row so you can buy right away

  • Gain valuable knowledge so we’re competitive.

All of this and more by downloading our 100-page long Buyer’s Guide here.

J U S T   S O L D 


Twice the Success

Congratulations to our clients Inga and Oren and Arun and Maelle (and family) for closing on their respective, brand-new, newly constructed, large condominium homes at Millwheel North in San Francisco’s Dogpatch neighborhood.

Arun and Maelle bought 1260 Minnesota, unit 304 — a top-floor, 2-bed, 2-bath, parking, skylit home — while Oren and Inga bought unit 202 — a 2-bed, 2-bath, parking home. Both couples bought under the list price! Inga and Oren had been looking for more than 2 years while Arun and Maelle had been looking for 2 months. Each found value and we used my previous experience with the sales staff and development staff to win the day!

We highly recommend him to everyone out there.

As first time homebuyers (and in SF no less!), Kevin helped my wife and I navigate the process from beginning to end. With his exceptional help, we were able to quickly find a place we loved. As others have mentioned, he is extremely responsive and his prior legal background helped in explaining the various contracts we were looking at. We will definitely use Kevin again when looking for our next home and highly recommend him to everyone out there.

— Arun & Maelle, Buyers, Dogpatch

Local knowledge:
Process expertise:
Negotiation skills:

The Latest...

What’s the Latest?

Sales Data | October 5-12, 2014

For the past 7 days (October 5-12, 2014) we continued to see more post-Labor Day transactions close as reported on the MLS, which makes sense since this is about the time when properties ratified after Labor Day would be closing with 21- to 30-day closes of escrow. This week we saw 150 properties close — 5 more than last week. Here are the details:

  • Single-family homes: 62 (+10 from last week); 6 sold under list price, 5 at the list price and the other 51 sold above the list price.
  • Condominiums, Tenancy in Common/Co-Ops: 71 (+10)
  • 2 to 4 unit buildings: 13 (+1)
  • 5+ unit buildings: 1 (-5)

This week’s Most-Over-Asking-Price-Single-Family-Home Award goes to the house at1340 15th Avenue and Irving in the Inner Sunset near UCSF and Golden Gate Park. Last sold in 1998 for $590,000 this home was renovated over time going from a respectable 1800 sqft to 2700+ sqft with 3 bedrooms and 2.5 bathrooms on an extra-deep 127-foot long lot, decent yard, decent kitchen remodeling and nice light. The property is — well — decent. It’s in a decent area of the Inner Sunset/Sunset and has a nice Edwardian/craft exterior. Listed for $1.695M the property was in contract 9 days from its MLS debut closing a little over 21 days later at a whopping $2.5M or at 147% over list at $908/sqft.

Last week’s Most-Over-Asking-Price Single-Family-Home Award went to a Marina-style home straddling the Noe Valley-Glen Park boarder at 1861 Church Street, a 1907 3-bed, 1-bath, over long tandem garage with nearly 1300 sqft fixer listed at $995,000 selling for $.1475M or at 148% over asking at $1,150+/sqft closing in just 10 days. Bought for all-cash by a developer (most likely) we can’t wait to see what it will turn into.

Step One of Your Success Story

Contact Kevin + Jonathan


Clients Say…

We bought our house and Kevin was super responsive, incredibly helpful and full of knowledge. He was the perfect guide in navigating what can be a complicated and confusing process. Thanks Kevin!

— Chris & Christel

Buyer, Internet Design Professional & Landscape Architect, Berkeley


The Latest Real Estate RSS News:

RSS The Latest from Our Friends at Curbed SF

RSS From SF Gate’s On the Block

Client Successes All Over the Bay



766 Harrison, No. 604, the Cubix. Smart, ingenious and compact urban living at its modular best. $395,000



868 Minnesota, No. 411, Chic, serene & spacious condominium with 1 bedroom / 1.5 baths at Esprit Park. Serene, bright & amenity-filled. (MLS 423598) Listed at: $739,000 SOLD at: $825,000



1050–1056 Stuart Street, Lafayette, CA. 4-unit income property in pretty & affluent Lafayette (SF MLS 423535) Listed at: $1,050,000


Just Sold.

135 Valencia Street, A210. Valencia Corridor/Mission condo with 2 bed, 1 bath, 1 car parking, elevator. Spacious & smart (MLS 421175) Listed at: $599,000 SOLD AT: $725,000


Listings in the Works:

Top-Floor Mission Dolores Condominium SOMA, 2-Bed/2-Bath, 2-level Loft Condominium Large Parkside Single-Family Home with 4 beds/4 baths and 2-car parking with yard

Exclusive Listings from Two Real Estate Agents and A Big Black Dog from the recent past, present and future.


Now Available:

Two Vacant Development Parcels in Lafayette in the affluent San Francisco suburb of Lafayette. (SF MLS 423537 & 423549) Listed at: $1.798M


Just Sold!

788 Minna Street, No. 403, Mid-Market/SOMA condo 1-bed, 1-bath, 1 car parking, elevator. Sophisticated and bright (circa 2011)(MLS 421876). Listed at: $600,000 Listed at: $600,000 SOLD AT: $607,500 (July 21, 2014)


Recently Sold:

471 Hickory Street. Hayes Valley single-family home with 2 bedrooms, 1 bath, 2-3 car garage parking, private center patio. Cute, bright and chic. (MLS 421090) Listed at: $1,060,000 SOLD AT: $1,400,000 (June 12, 2014, multiple offers)


Recently Sold:

273 Romain Street, Twin Peaks/Upper Market view single-family home. Refreshed with 2 bedrooms, 1 bath, 1 car garage parking and private yard. Quiet street, light, airy with incredible 180º views from Bay to Peaks. (MLS 420070) Listed at: $995,000 SOLD AT: $1,270,000 (May 30, 2014, multiple offers)

What’s Out There Now?

(Criteria: 2 bedroom, 1 bedroom, Active, $1M minimum)

See all What did you find?.
(all data current as of 10/23/2014)

  1. 3 beds, 2.50 baths
    Home size: 2,024 sq ft
    Listing provided by Garrett Frakes, Polaris Pacific
  2. 3 beds, 2.50 baths
    Home size: 1,839 sq ft
    Listing provided by Garrett Frakes, Polaris Pacific

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Recent & Current Buyer Activity

Let’s Roll.  What would you like to do today? 

Are you buying? Selling? Browsing? Regardless of what you’re doing we’re here to help. Take a gander at current listings by using the MLS search form to the left and/or call us to learn more about a given neighborhood, property or trend and we’ll get going.

Hire Us.

At a good friend's wedding.


(Search the MLS Live using Kevin’s credentials)

Sell Smart.




(Search for Open Houses Here)

Buy Wisely.




(Tuesday, October 7, 2014)



In the Know with Kevin + Jonathan …

Each weekend, we spends a few hours writing our newsletter for you. It’s not an automated regurgitated bunch of listings. Instead Our Readers get:

  • Exclusive & Advance Listings that are Off-Market or Coming Soon available only to our readers

  • Stories of the Week — our readers learn the details of how a property sold and for how much (approximately)

  • Market Trends and Our Sense of the Market

  • Early Access to Leads on New Developments and Preferred Lending Rates for Vanguard Properties’ preferred lenders

Your information stays private with us, so why are you still waiting? Sign up.  

Our Newsletter Contains Valuable, Exclusive and Early Information.

Sign Up Today.
Readers Say…

I love the style of your newsletter! It is so informative and fun! I love to see what is happening in my neighborhood too.

—Cynthia W.

Homeowner, Noe Valley

Top 10% of San Francisco Agents


Remodeling and Home Design

Clients Say

We couldn’t be happier with the service we received from Kevin.

He’s personable, helpful, tech-savvy, and extremely dedicated! Kevin is a very opinionated realtor, but I say this in a good way.  There were many homes that we were willing to bid on in what was a very challenging market, but thankfully Kevin kept our best interests in mind.  Rather than going for a quick close, he actually talked us out of a few homes to make sure we stayed true to our criteria.

Aaron & Ashley 

Buyers, Charming Victorian (Noe Valley)

Real Estate Starring Raffi (Our Dog)

Check This Out

Relevant information for you now

Why You’re Hiring Vanguard Properties

Vanguard Properties continues its Number 1 position in District 9 (SoMa, South Beach, Dogpatch, Potrero, Bernal Heights) and have moved up in District 5 (Noe and Eureka Valleys, Twin Peaks, Mission Dolores) to the Number 2 position just $10M short of Zephyr (a company that has nearly 80 more agents than Vanguard Properties) with 14.5% of the district’s market share. And of note, Districts 5 & 9 are the most traded in the City. Overall for all of San Francisco, Vanguard Properties is now Number 4 in overall trade/dollar volume as based on closed transactions. Vanguard Properties just surpassed $1B worth of sales’ volume for 2014 thanks to all of you and your referrals. Keep them coming!

At Vanguard Properties we are committed to understanding your individual needs. We promise to provide you with the kind of quality service that will exceed your expectations. Quality is never an accident; it is always the result of sincere effort, intelligent direction and skilled execution. And all of this is thanks to you and yours. Keep up the support and help us succeed in helping you succeed.

Learn more HERE.


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Sell first, decide later Sell, downsize and stay in SF Sell, upsize and stay in SF Sell, leave SF, buy elsewhere in the Bay Area Sell, leave SF + Bay Area, decide later Sell, cash-out, take cash (For income properties) Sell, cash-out (pay capital gains) (For income properties) Sell, exchange into another property Other 

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San Francisco is Worth the Price

kevinhoSFO map You’ve heard it before — San Francisco is a truly international city that will command a premium that attracts international buyers the world over. And while you may hear of growth in Houston, for example, would you really want to live there? Would the rest of the world’s people want to visit? Instead, San Francisco stands out from most of the country (bar NYC) as being tops in real estate and the place to be for tourist and techie alike —18 of the top 25 tech companies are here for example.

Our universities, proximity to emerging markets, financial base and diversity attracts the best and the brightest (although Berkeley and Stanford may have something to do with it). Plus our climate, while foggy sometimes, still beats cold vortexes and heat waves. And because land is scarce here … well, you get the picture.

Did we mention there’s wine here too?

Our clients benefit from having two agents with a big black dog working for them. They get the benefit of our experience of being a lawyer, mediator, reporter, rapid response nurse, personal banker, insurance agent and more.  


Kevin + Jonathan: Your Winning Real Estate Team


  • California Real Estate Broker/Realtor, ’09 to present (BRE 01875957), Top 21 Club (Top Producer) Vanguard Properties, Top 10% of all San Francisco agents
  • San Francisco Association of Realtors, Technology and MLS Committee
  • Lawyer, ’04 to present (Cal. SBN 233408)
  • Law degree, (JD) U.C. Berkeley (Boalt Hall) ’04
  • Master’s in Diplomacy & Int’l Studies (MA), University of London (SOAS) ’01
  • BA, East Asian Studies,WashU ’00 (Junior Year Abroad, New College, Oxford University)
  • Worked as a: reporter, lawyer, mediator (Community Boards, Office of Citizen Complaints — SFPD) and legal clerk
  • Bay Area resident, 14 years Born & raised, Iowa City, Iowa. Lived: St. Louis, MO, Washington, D.C., Oxford, UK, London, UK, and Berkeley, CA
  • Fluent: English, Cantonese (spoken)
  • Minimal: Mandarin, German
  • Likes to: Cook, Bike, Play with Raffi (a former Guide Dogs for the Blind trainee), Interior, Web and Graphic Design, Real Estate Reality TV


  • California Real Estate Salesperson, ’09 to present (BRE 01747295)
  • Registered Nurse, ’07 to present (UCSF), Respiratory Therapist, Rapid Response Team, Neo-netal, ICU
  • Bachelor’s Degree, Nursing Georgia State
  • Worked as a: EMT, Paramedic, Insurance Agent, Notary Public, Real Estate Development Sales
  • Bay Area resident, 8 years Born & raised, Northern Ireland, United Kingdom. Lived: Atlanta, GA, San Francisco
  • Likes: Cars, Travel, Playing with Raffi, Real Estate Reality TV, Realty TV


  • Sales Volume: Starting in 2011 until present: year-end sales volume (to nearest hundred thousand): $2.6M (2011); $8.2M (2012); $18.3M (2013)….
  • Client Breakdown: active pool of 15-20 buyers looking to buy property from the $500,000 range to $4M; sellers average of 2-5 listings being prepared for market
  • On Average: 3-4 escrows open at a time
  • Backed By: Vanguard Properties is one of the City’s most experienced and cooperative brokerages that expanded from 2 offices to more than 5 in 2013 alone with expansion to Napa, Healdsburg, Sonoma and beyond. By August 2014, Vanguard’s 2014 sales volume surpassed $1B.

We are curious, enterprising and genuinely love people and what we do. We listen and ask.  This is how we can deliver our clients exclusive opportunities that others cannot.

We incorporate technology effectively in our practice using iPhones, iPads, laptops, laser measurers and mobile technology to streamline the entire process for our clients freeing us to spend more time assisting clients on what’s important. We work creatively and think broadly but also approach real estate under the premise this is important business — home buying is the most important decision people make and it’s something we love doing and we hope you love what we do.

Take the next step and contact us today to get started.


Just Some of Our Clients' Homes Away From Home...



Clients Say…

“[Kevin] You’re amazing. And, you’ve really found your calling.”

— Susan H.

Buyer, Corporate Consultant

Our Services For You.

Brainstorming and Creativity at Your Service

An agent who can see what you can't is one who sees the potential for success

It's a Vision Thing that Translates into a Success Thing.

I have worked with many agents. Kevin always makes himself available and is willing to go the extra mile for his clients. He is helpful with ideas and brainstorming. He definitely has a passion for real estate. — Edward G. Successful San Francisco Real Estate Developer, Buyer, Multi-Unit Fixer (Mission Dolores)

Successful Buyer Representation

How to identify and win the right property competitively but prudently.

Sold! A Winning Noe Valley Example.

We worked with Kevin as buying agent and he was superb. He invested considerable time and energy to help us understand how the market and process here works and is super-responsive, even late at night…. Importantly, he had great suggestions and advice on making our offer compelling. —Ross & Sarah M. Googler & EBayer, Buyers (Noe Valley)

Streamlined, Technology- and Data-based Responsive Service

We're in a 24/7, connected, data-rich world. Your agent should be too.

Knowing how to navigate the 1's and 0's of real estate with technology

If you have Kevin on your side, I think you will end up with a real advocate for your needs who can streamline the entire home-buying process for you. He’s also up-to-date with the latest tools to conduct the transaction…. —Hass L. SF-based Start-Up, Buyer & Seller (Mid-Market/SOMA & Uptown Oakland)

Broader Counsel from an Experienced Attorney

Clients benefit from a lawyer's experience and background.

Cutting through the paper chase.

Kevin reads contracts in detail and really protects your interests — he knows his stuff on this. He had a stronger understanding of the market than other realtors I spoke with. I felt a lot of confidence throughout the process knowing I was working with someone who knew their stuff inside out. —Joanna S. Manager, Clinton Global Health Initiative, Buyer (Noe Valley)

Connected Insider with Powerful Knowledge

How exclusive advance information from a connected agent will benefit you.

The Results from Being Attentive, Listening and Asking the Right Questions

He truly knows about all available properties and not just what’s on the market, but more importantly, what’s coming on soon so that you get early previews… — Jay S. Startup Mogul, Buyers and Sellers (Duboce Park & Upper Market/Eureka Valley)

Winning & Comprehensive Seller Representation

How to get the most money & satisfy your goals using your property.

Broad and Comprehensive Service that Goes Above & Beyond

If you want a realtor who lives and breathes your deal, keeps you constantly abreast of your property’s progress and does nice little things for you, you have to call Kevin Ho. We have ushered in the era of smart, technology literate, well educated, vibrant deal closers like Kevin Ho. —Peter G. Media & Advertising Director, Seller (SOMA, the Palms)


Clients Say…

Importantly, [Kevin] had great suggestions and advice on making our offer compelling, helping us secure the property we really wanted despite not being all-cash nor the highest offer.

— Ross & Sarah

Successful Buyers, Noe Valley Single-Family Home

Sold in Noe Valley!

Clients Say…

Kevin listened to our story and took the time to understand who we were and our personalities and then asked more than a few more questions to narrow down where we should live.  His advice definitely helped us narrow down the choices and helped us with the all important targeting of our search. [H]e gave us very candid and honest responses to our questions including dissuading us from a couple of apartments that in retrospect would have been completely wrong for us.

When we finally found a place that we unquestionably loved, Kevin guided us through the process in winning a bidding war before the house even made it to its first public open house.  He helped quell a lot of the eleventh hour jitters and pushed us in the helpful way not the overbearing way.  Ultimately, we were absolutely delighted with the purchase and he was integral in the process and could not recommend him more to others.

— Mitchell & Debbie

 Buyers, Relocated from New York, SOMA


Clients Say…

Kevin was a superb real estate agent, and did a great job helping us buy our first home! Kevin is funny and personable, and knows how to get the job done.

—Dana & Drew

UCSF Med Student & Chip Engineer

First Time Buyers (Miraloma Park)


See Kevin Move and Talk: Hello & Welcome

Raffi's Real Estate Videos: 4658 18th Street — Someone is Waiting for You at Home

Raffi Returns: 243 Romain — What Goes On at Home While You're Away

For More Vimeo Videos from Kevin (and Raffi), Click Here or on YouTube.


We received a lot of good offers… but based on our past relationship and how smoothly it went, I pushed for your offer.

— Listing Agent, San Francisco, Corona Heights
(Our Buyers closed on property beating out 2 other offers)

I presented your clients offer to my sellers and told them about you in particular  and encouraged them to go with you.

— Listing Agent, San Francisco, Eureka Valley
(Our Buyers’ offer was accepted instead of going to market)

Your clients got the property because of you!

— Listing Agent, San Francisco, Haight
(Our Buyers closed on property beating out 1 other offer)


Put this Goodwill To Use for Yourself!

Not only do Buyers want to work with Kevin + Jonathan, but Seller Agents do too.


Starting in February 2012, the market changed in SF — and it hasn’t looked back ever since.

In February 2012 things changed in San Francisco’s residential real estate market. From the slump where there were far too few qualified buyers we started seeing far more buyers going after a smaller amount of properties fueled by cash, low interest rates, high rents and sheer determination

What Caused This to Happen?


Public Policy Choices and Property Prices

Inventory levels have declined and remain downWhy? San Francisco is limited physically in how much of its land can be developed and development is limited by public policy choices — e.g., Rent Control, historic preservation, neighborhood input and environmental considerations combine to constrain home demolition, planning and construction. Meanwhile, other factors like capital gains taxes (some 37% after any primary residence exclusions), Proposition 13 and the limitation of capital gains exclusions have ossifed the marketplace as folks who would otherwise sell properties that are too big for them or who otherwise want to downsize cannot because of the sheer tax burden of a replacement property, because of the value gains they’ve had and because replacement properties are hard to find.

The number of REO and short sales in San Francisco, which were less than other parts of the country, are largely gone.


We Have Better Buyers Now & Better Fundamentals

The tech sector has created new jobs that are high-paying thus creating a new crop of well-heeled buyers.

Moreover, interest rates are low and have stayed low for a lot longer than people thought. Because rent is up, mortgages — while tedious to get — are increasingly more affordable than rent in San Francisco.

The generation of current, newly minted young buyers is competing with aging baby boomers who are looking for a home in the city either as a second home, a downsized home that is walkable and accessible by transit. Or, in some cases they are buying units for their adult children and holding on to them.


Many Buyers, Many Offers, Much Manipulation?

There are more buyers out there, which means there are multiple offers (as many as 22 in one recent example on Landers Street in the Mission Dolores area) on desirable (and even less desirable ones) properties. For every one property that sells this way there are scores of unsatisfied buyers still looking (saving more money all the while)

Agents have been using the Offer-Date System. Sellers and agents have maximized this scarcity by using the Offer-Date System, which produces gamesmanship, pre-emptive bids and an auction-like atmosphere that is competitive as it is expensive. This leads to price escalation.

Concessions to sellers have gone up. Apart from cash offers, a lot of buyers are waiving inspection rights and are doing other things like offering long rent-back periods after escrow closes or not having any financing contingencies or appraisal contingencies.


Rapidly Spreading Goodness & Strength

The growth is more widespread. In Noe Valley, 3 is the new 2 — as in million. Just a couple of years ago, spotting a transaction in the $3M+ range was rare while $2M+ would get you a really large and nice home. For example, Noe Valley now rivals Pacific Heights for the number of homes selling in excess of the $2M threshold and home are now pushing the $4M threshold more and more. This means that other parts of the city are also getting attention from those priced out of traditionally popular areas.


More Jobs, More Sectors, More Prosperity

This time around, growth is more robust and far reaching. For skeptics out there worried about a bubble figures reported in the SF Business Times  in early September 2014 show that the region is now employing more people than in 2000 for an all-time high. And unlike previous employment cycles it appears that the job is being added range in a variety of industries apart from technology including healthcare, education, retail and, of course, real estate. The region’s unemployment rate now averages 4.5% some employers, hiring at least 50 people a month. Think about those 50 people not as new employees but as folk who need a place to live….


(October 2014) San Francisco tops the ‘luxury market’ survey for the U.S. Ranking number 1 of the top 10 U.S. cities with homes that sold over $1M (LA was number 2 by the way), the National Association of Realtors reports. Citing a Coldwell survey, the findings show that almost half of all high-end consumers (defined as having net worths of more than $5M) plan on buying a home within the next year. More impressive, 81% of high-net worth Millennials (age 353 and under) are planning on buying a home within the next year. So get ready as this demographic’s average worth was the highest of all groups at $7.8M. See the details here.


Kevin + Jonathan: How Buyers and Sellers Succeed in this Market

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P A R T I N G  S H O T

Big Daddy’s Big Data.

One More Thing: Data is King!

Why 2013 and 2014’s recovery in San Francisco is more profound that just another market cycle. Like all economic cycles — up and down — there is a recovery period that is to counterbalance the period of slower growth that preceded it as the system reaches a new equilibrium. So then, 2013 and 2014’s growth bear the hallmarks of recoveries in the mid-1990s and early to mid-2000s. Among the similarities are these:

1. We have ready, willing and able buyers chasing after…

2. Low inventory, but that are nevertheless financed by…

3. Low mortgage borrowing rates.

But in distinguishing this cycle from previous ones and why there’s been a shift that is more profound than other past real estate surges, consider a large shift. Yes, like all cities, we see growth too. Detroit has seen a big gain of +16% in home prices (San Francisco has seen +26% so far since 2012). But what explains the phenomenon that the median sale price for a single-family home and/or a condominium is now solidly above $1M? Why has 80% of all demand for limited office space within San Francisco city limits has been by tech sector-related companies. One fact should be clear: we now have different types buyers looking San Francisco and these folks are the kind who live in a place that takes the lead in a new technology and data driven society. So what type of buyers are these folks?

A. San Francisco Buyers are A+ Buyers who may know something about C++. We have folks who have cash or access to credit that want are using different metrics for valuing properties. Mainly, they’re eschewing metrics like dollars-per-square-foot and previous comparable sales and are instead judging their target properties by zip code, proximity to transit and cachet factor that trumps all other data. In other words, they’re looking for how a home will suit their lifestyle more than anything else.

In past market cycles, you’d be leery of such an approach. But the salient distinction that sets our Bay Area Buyer 3.0 apart from those in the past and those in other parts of the country is Silicon Valley. Arguably two bubbles were caused by tech folks over leveraging and pie-in-the-sky startups that had no chance of succeeding. That and society probably wasn’t ready for pets.com yet. But technology, which supported the first wave of Silicon Valley is now integral to all of our lives.

B. Why there will be more A+ Buyers who know about C++. The Bay Area’s future looks to very different than other places in the world because its linked with a new, digital, era: The paper options are gone and the online, mobile and cloud-based solutions are often the only options these days. Technology isn’t just part of the economy it is the economy. You can’t do much of anything these days without using technology. And while technology allows us to be more efficient and more productive it also allows us to do something more profound: namely, technology is the means of collecting vast amounts of data and insights about people, places and things that was once impossible.

And herein lies the reason why we shouldn’t expect Silicon Valley boom to go the way of Detroit’s boom-to-bust.


C. Hello Big Data Mining. Silicon Valley created a enormous amount of wealth in developing the technologies that support daily life, but now they’re the leader in the next big thing — namely we have entered into a data resource-rich environment and data-based economy. Like crude oil, unrefined data is messy and unwieldy when it first comes in. But like refining oil our big Silicon Valley/San Francisco titans take that raw data and refine it into insights about consumer behavior, consumer wants, vital data that influence medicine and public health trends, finance, energy, etc. It is a highly valuable prize that will add ever more value to our economy and our real estate.

Okay, you’re skeptical of the pie-in-the-sky stuff. Let’s look at the numbers instead:

If more than a billion people access Google and Facebook per day and these companies are getting hundreds of millions of dollars in revenue where is it going? Also, big folks like Google, Apple, Facebook, Yahoo and more are sitting on a collective $3 trillion worth of cash with another $7-$8 trillion offshore. That is a staggering amount of cash that could almost pay off the national debt! What are they doing with all that money? Yes, they’re buying up companies ($40 billion on Oculus, Beats Music, What’s App anyone?) and they’re paying their employees and where do those folks live? Where do they want to live? Here is where and not just here in the Bay Area, but here in San Francisco proper, why else did google pay $60M+ for an Embarcadero building to bring its total office footprint in the city to more than 700,000 sqft.? (Hint: you can google the answer on your iPhone while listening to your Beats headphones while waiting for your Tesla to charge).

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