Real Estate: Last of the red-hot markets Why is housing in some cities still booming? The answers may help you navigate your own market. For the most part, the iron laws of supply and demand explain what’s going on… The basics haven’t changed. Job growth and rising incomes boost demand for, and prices of, housing… … Continue reading Verbatim: “Why is housing in some cities still booming?”
Month: November 2007
Straight Confusion: NOPA Where the F*ck are You!?
Who’s got the answer? We want to hear it. NOPA…boundaries…exactly. Park North it is not. North Panhandle it is not. You’re back yard it might be…let us know. North, South, East, West street borders. If it kinks, we want to know that too. If it stinks, save it. Fav hang out. You might as well … Continue reading Straight Confusion: NOPA Where the F*ck are You!?
Ask Us: Terraces at Millennium Tower?
Where readers ask, and we try to answer: Other than the penthouses, do any of the condos in the Millennium Tower have outdoor spaces, i.e. terraces/balcony? Thanks.-BD Yes, there are six homes with terraces on the third floor.The six available homes with terraces range in price from approx. $895,000 to approx. $2.7M. The other Penthouse … Continue reading Ask Us: Terraces at Millennium Tower?
Quote du Jour: “most seafood”
Different than our comment du jour, which is strictly from our readers, this new feature (totally in beta mode) is a quote we found “out there” in San Francisco that is just too good to pass up. From the Chronicle’s “San Francisco Bay opens to fishing, effective immediately“: Tests on fish and crabs show that … Continue reading Quote du Jour: “most seafood”
Rent vs. Own: The Old Debate in a New Spreadsheet
We just found this on Submedian, which is calling itself a “San Francisco affordable housing blog”. (There is no “affordable” housing in San Francisco, but we’re moving on, and we like your stuff, so you’re on our radar.) So far this person has gone into detail about the median vs. average issue (we found this … Continue reading Rent vs. Own: The Old Debate in a New Spreadsheet
Hmmm….$354,000 Over Asking in a Down Market?
Is that correct? Let’s see, sales price $1,553,000, minus list price $1,199,000 equals $354,000. Is that right? Hmmm. Day offer received 9/28/07 minus list date 9/12/07 equals 16 days on the market. Is that right? It can’t be. We just said volume is down 41%. Ohhhh. We get it. We’re just being led astray that … Continue reading Hmmm….$354,000 Over Asking in a Down Market?
Headlines versus Reality, Volume Down, Median Up…again.
Headlines: “Bay Area median prices rise, but overall home sales news grim. Reality: “As Homeowners, Volume is not Very Relevant. For what it’s worth, we’re happy to see our little report was right on the money as far as the decline in volume at around 41%. Guess we’re not so mathematically challenged after all. And … Continue reading Headlines versus Reality, Volume Down, Median Up…again.
Stats & Numbers: Condo Sales 10/06-10/07
From Garrett: Condominiums District 1 Oct-06 Oct-07 Number of Sales 15 7 Median Selling Price 701,000 779,000 Average DOM 33 25 District 2 Oct-06 Oct-07 Number of Sales 0 2 Median Selling Price 752,500 Average DOM 27 District 3 Oct-06 Oct-07 Number of Sales 3 0 Median Selling Price 595,000 Average DOM 22 District 4 … Continue reading Stats & Numbers: Condo Sales 10/06-10/07
Walkabout: Berlin and €21 Million (that’s Euros)
So here’s the problem. Once you go walkabout you eventually get Wanderlust, and end up in Berlin Germany…Stadt Mitte! Danke Schoen. So what do you get for €21 Million? That’s what you get. A sweet corner building with retail and office space located in the heart of Berlin, with a Rolex sign to boot! Not … Continue reading Walkabout: Berlin and €21 Million (that’s Euros)
Walkabout: Oaxaca Mexico and $380,000
Let’s face it. Our front page is filled with too much text, too much black and white, and too much doom and gloom as of late. Time to go walkabout (get your best Australian accent on when you say that), and head south of the border. All you surfers should delight in this Oaxacan beauty … Continue reading Walkabout: Oaxaca Mexico and $380,000
Comment du Jour: “As Homeowners Volume is Not Very Relevant”
Sometimes we beat our heads against the wall to come up with a way, in a paragraph or less, to describe what is going on in this market. We show the highs, and we show the lows. Today, we pull from our previous post about the 41% dip in volume at the $500-700,000 price range, … Continue reading Comment du Jour: “As Homeowners Volume is Not Very Relevant”
What’s going on: $500,000-$700,000
We hear a lot of talk, and get a lot of heat about always using “high end” bits of anecdotal sales information, and always cheering the market on. All of which we’ve taken into consideration. So…we did a little searching. Since 10/31/2007, according to MLS 85 homes throughout the entire city (condo and single family) … Continue reading What’s going on: $500,000-$700,000
29 offers!? (1851 26th Ave.)
We didn’t say it, those loonies over at San Francisco Schtuff did: I’ve walked into a lot of homes in my day–some of which required hard-hats and safety waivers, but I have yet to see a home as wet and soggy as this one. There was water coming in from every crevice. Leaking through the … Continue reading 29 offers!? (1851 26th Ave.)
Let’s fix this mess, says Shiller
From a reader, “This is the same person who publishes the Case/Schiller housing index which is so widely cited…”: We have to consider the possibility that the housing price downturn will eventually be as big as that of the last truly big decline, from 1925 to 1933, when prices fell by a total of 30 … Continue reading Let’s fix this mess, says Shiller
More mortgage fiasco reporting
From today’s San Francisco Chronicle: The subprime mortgage fiasco stands to cost the Bay Area economy more than $5.4 billion next year, according to the latest report intending to put a dollar figure on the rising wave of real estate foreclosures. The lending crisis will cost the national economy $166 billion and 524,000 potential jobs, … Continue reading More mortgage fiasco reporting
God Save the Queens…of the Craigslist Housing Forum
If you’re going to call us out, at least let us know about it. We found this on Craigslist today: The Front Steps Blog is Hilarious. < [author] Planet_of_Slums > 11/24 14:18:22 The entire Bay Area has gone into crash mode, but, over at the Front Steps blog: they’re not gonna take this Housing Crash … Continue reading God Save the Queens…of the Craigslist Housing Forum