“That dog should be taco”

You’re probably wondering what the hell that quote has to do with San Francisco real estate. In this case, a lot. I’ll try to be as simple as possible.

If you own a unit in a condominium and happen to pass by when potential buyers are milling around enjoying the garden setting in the common area, and marveling at how quiet it is, do not come by and say, “Just wait for the parties from that blond girl (nodding head toward unit directly next door). And that dog (blond girl’s pet), oh!………..that dog should be taco.”

As much as you might hate one of your neighbors, it serves no purpose to vent your frustrations to complete strangers (buyers) that might become your neighbors. Their tolerance for noise is likely different than yours, and you never know, they might even love to party with blond girls (they do have more fun after all).

If anything, it is the worst thing you could do, because if the sale doesn’t go through based on what you just said, not only will I come break your knees with my cousin Vincenzo (a.k.a. Vinni), all of your neighbors might do the same, for you just might have caused a longer listing period and subsequent price reductions, which could, in theory, lower the price of your own personal unit when it comes time for you to sell…[insert choice explicative here]!

Comment du Jour: “…my demolition contractor ripped out the one tree I was supposed to save”

For the new readers, the comment du jour is our way of saying thanks to those that participate in commenting, and a way to show all of you that don’t comment just what kind of good stuff you’re missing. Today’s comment du jour comes from Sparky in “Should I even Start a Blog” after we suggested he, the Fluj, and Alex sit down and have a little chat about the future of blogging real estate in SF:

I am not savvy about the blogosphere, but funny, interesting or horrible things happen to me at work every day. So I can write about that.

Since I wrote the above, my demolition contractor ripped out the one tree I was supposed to save at a house, and now me and the home owner have to pull it out of the dumpster and have a ceremony and tell it “we are sorry it was a mistake”. Dead Serious.

We can’t wait to get you up and running!

Stats & Numbers: Condos May ’07 versus May ’08

District Map

Condominiums
District 1 May-07 May-08
Number of Sales 17 15
Median Selling Price 905,000 850,000
Average DOM 30 62
District 2 May-07 May-08
Number of Sales 1 3
Median Selling Price 790,000 937,000
Average DOM 2 33
District 3 May-07 May-08
Number of Sales 4 3
Median Selling Price 440,000 380,000
Average DOM 50 86
District 4 May-07 May-08
Number of Sales 7 5
Median Selling Price 585,000 606,000
Average DOM 37 40
District 5 May-07 May-08
Number of Sales 42 32
Median Selling Price 911,000 938,500
Average DOM 29 52

District 6 May-07 May-08
Number of Sales 15 8
Median Selling Price 842,000 831,500
Average DOM 26 35
District 7 May-07 May-08
Number of Sales 31 32
Median Selling Price 1,295,000 1,075,000
Average DOM 36 50
District 8 May-07 May-08
Number of Sales 51 45
Median Selling Price 699,000 775,000
Average DOM 36 47
District 9 May-07 May-08
Number of Sales 59 42
Median Selling Price 750,000 795,000
Average DOM 46 77
District 10 May-07 May-08
Number of Sales 8 4
Median Selling Price 509,500 349,475
Average DOM 64 34

Source: San Francisco Schtuff

Ask Us: What’s the going rate for a garage in San Francisco

Where readers ask and we (the community) try to answer:

stacked parking

I am considering buying a condo in the Noe Valley/Mission Dolores (around 21st and Church) area and I am trying to understand what the going rate for a garage is in this area. I have the option to purchase a space with the condo. I’ve heard between $75-100k. Is this accurate?

Thanks, C

C, It depends largely on what type of space you get. Something like the above stacked parking might drop the cost a little, but as we know these brilliant uses of space are few and far between in San Francisco (we’re ahead of the curve, but still a couple hundred years behind Europe), we’ll assume it’s a space with either tandem or individual parking. Our estimate is that it would be closer to the $75k range rather than the $100k, but wonder if some readers might be able to shed some light on the matter as well.

Anyone?

[Editor's note and update: The cost for a garage is entirely different than the cost to purchase a single parking space. Our estimate is assuming you're talking about one space, not an entire garage.]

Plunging Home Sales in the San Francisco Bay Area

More doom and gloom data for you to ponder. We won’t even point out the silver lining to the always dark cloud of real estate reporting, but it’s in there…rest assured.

From sfgate:

The price of a typical single-family home in the San Francisco area plunged 22.1 percent compared with a year earlier, according to the S&P/Case-Shiller Home Price index. The study, published by New York credit rating agency Standard & Poor’s, defines the region as Alameda, Contra Costa, Marin, San Francisco and San Mateo counties.

The 10-City Composite index, tracking major U.S. markets, decreased 16.3 percent, also the largest decline in more than 20 years of data. Among the 20 regions tracked by S&P/Case-Shiller, 13 posted record annual lows and, for the first time at least in this market cycle, all stood in negative territory. Las Vegas and Miami were the worst off, down 26.8 percent and 26.7 percent, respectively.

Bay Area home prices declined 20.2 percent year-over-year in March, 17.2 percent in February and 13.2 percent in January. April prices were off 2.2 percent from the prior month.

The indexes show the overall price trend in specific metropolitan areas. Many of the cities or neighborhoods within these regions performed better or worse. Areas like San Francisco and much of the Peninsula have held up relatively well, for instance, but the net figure has been dragged down by steep drops in outlying areas like eastern Contra Costa County.

Many real estate experts consider the S&P/Case-Shiller indexes and others like them more accurate gauges of real estate trends than the median price approach used by other groups. Because they track the value only of homes that have traded hands at least twice, the indexes chart the actual increase or decrease in specific homes.

Median surveys compare prices for homes sold in one month to an entirely different set sold in the next, meaning they can be artificially distorted when a higher proportion of homes sell in the lower- or higher-priced tier in a given period.

-Bay Area home prices continue steep fall [sfgate]

Reader Reports: Parkside home for $1.4M? (2560 22nd Ave)

From our reader:

Is any house in the central sunset worth 1.4 million? The average price in the central sunset 800k -900k.

Please take a look at 2960 22nd Ave, San Francisco which just came on the market.

2560 22nd Ave (before)

…and the kitchen:

Kitchen before

We must first say that this home is technically located in the Parkside, near Stern Grove and that area is quite nice. Having not actually been in the home, we can’t speak to the price, but if the pictures are any indication….oh wait, those are the before shots from the last sale in December 2007 at $900,000.

Read on for the after…. Continue reading

Verbatim: “Is this the time to invest in land?”

From the recent New York Times article Sure, Land Is Cheaper. So Is It Time to Buy?:

THE real estate market may have cooled, but investor demand may soon be heating up for at least one type of property: land.

“The time is ripe to start looking; I haven’t seen this market in 20 years,” said Jaime Raskulinecz, a real estate investor and property manager from Verona, N.J., who wants to buy land in the hard-hit market of Cape Coral, Fla. During a recent visit there, she found lots for sale on or near the water at about a third to half below their peak prices of two years ago.

Before you go thinking it’s all gravy, read further:

“Because everyone’s running away, some people think it’s time to invest, but it’s not for the faint of heart,” said C. Joseph Blackbourn, the president and chief executive of Everest Holdings in Scottsdale, Ariz., an active buyer of home-building lots in the Southwest since late last year. “There are a lot of expenses in holding land.”

Land investors will need to have cash on hand to cover most of those expenses. “Lending has all but disappeared,” said Joel B. Shapiro, the chief executive of Timbervest, an Atlanta investment company that manages about 900,000 acres of timberland nationwide. Just as the credit crisis has made terms on home mortgages more stringent, land loans, already deemed riskier by lenders, are harder to get and typically carry even higher down payments and interest rates.

So what are some of the other costs associated with land ownership, besides high borrowing expenses? There are property taxes, of course, and there may be liability insurance (in case someone is injured on the property) and maintenance expenses (to cut the grass or provide other upkeep).

Owners will also need to ensure that the land is environmentally safe. Sometimes toxic trash may be dumped on the property “unbeknownst to you, and you’ll be responsible for the cleanup,” said John T. Reed, the publisher of Real Estate Investor’s Monthly, a newsletter. “At 2 o’clock in the morning on a moonless night, who’s to say what’s being put there?”

The point being (and reason we posted this), there are always opportunities in real estate out there (even in down markets), and many, many people get very rich dealing in real estate, many also go bankrupt. With a little education, a bit of timing, and a lot of discipline, now might be the time for you to pull the trigger on some real estate investments. Key to the equation…it doesn’t have to be in San Francisco, and it doesn’t have to be millions of dollars.

-Sure, Land Is Cheaper. So Is It Time to Buy? [New York Times]

Hop, skip, and jump to the Mid-Century (Fremont)

Every now and then we’ve been known to skip across the pond or even ferry to the north to get our fix of real estate porn, and a good way to get us to bite has always been with a tip to some Mid-Century Modern gems and today is no exception.

Built in 1962 and designed by architect John Canavan, 4992 Valpey Park Avenue (Fremont) is 4 bedrooms, 2 baths, asking $668,000 (God bless East Bay prices) and has been “extremely well preserved (and tastefully upgraded) by its design-savvy owners.”

Unfortunately, we left our passport in Mexico and weren’t able to travel over to Fremont this weekend to check it out, but must admit, the home (and front yard) is right up our alley.

[Update: "Just wanted to note that the FIRST open houses are being held this week, not last week. Brokers open on Thursday, June 26; first public open house on Sunday, June 29. Thanks!"-Renee]

-4992 Valpey Park Avenue [Virtual Tour]

Weekly Fluj: “I don’t know that they’re trippin’ either!” (2145 18th Street @ Kansas)

As stated numerous times, we can’t do all of this without you, and appreciate your tips, suggestions, and rants, so keep them coming. One person who is particularly helpful and deserving of praise is our friend the Fluj, who this week sends us this:

To my mind, the western portion of North Slope Potrero has not seen anything like this. It’s very far out in front of the curve, but I don’t know that they’re trippin’ either!

Perhaps the marketing remarks can shed some light as to whether they’re “trippin!”:

This spectacular remodeled view home has 3 levels of living w/3 bd, 2 ba all on upper level (toto dual flush toilets). The main level has an open floor plan-great for entertaining. It consists of lr (w/frplc), dr, kit w/GE monogram 42′ fridge, Thermador oven & micro, Viking 6 burner cook top, Bosch dw, great rm overlooking rear gar & powder rm. Lower level has office & media rm wired for surround sound. Systems, roofs, windows, flooring, walls were all replaced in 2008. 2 decks, garden & garage.

“Toto toilet”, is not to be confused with this Toto (even though the cross street is @ Kansas), rather is more like this Toto.

On that note, if you close your eyes and tap your heels long enough, red glass slipper optional (this is San Francisco after all), you too can someday have a $2,145,000 home in Potrero Hill. Tap them longer and maybe that price will come down a tad.

-2145 18th Street [MLS]

Ask Us: “Have any of your readers seen this listing at 1011 23rd St #5?”

Where readers ask (in this case Realtors) and we (the community) try to answer:

We have a great listing in Dog Patch that is just not selling. Though we have gotten a lot of interest and people seem to think the price is right, we have yet to receive an offer.

Have any of your readers seen this listing at 1011 23rd Street, #5, and if so, what are their thoughts? We know sometimes it is hard for people at an open house to tell the listing agent the truth about the property. But we think it is a wonderful loft style unit with a private patio, but it doesn’t matter what WE think… What do other people think?

Hit us with the truth. We can take it!

Please answer in the comments if you have seen this property, or might have an opinion as to why it is not selling.

-1011 23rd Street, #5 [MLS]

2801 Lake returns, new price, new look

In case you don’t get sfnewsletter:

All it takes is to remove the clutter (before shots)

adjust the price (sold in Dec ’07 for $2,580,000 after some massive price reductions) to get it sold, call in the contractors and voila…the after:

2801 Lake Street (after shots), a 5 bed, 4 bath remodeled home in Sea Cliff hits the market a mere seven months after last selling and this time they upped the price a hair to $4,995,000. (They also took out a few sunflowers and stuffed animals.) Any takers?

San Francisco’s “coolest” neighborhood: La Mission…hands down!

If you want to be flat out, straight, f**king cool, then live in (or at least go to) the Mission. We have been in every nook and cranny of this city and checked out just about every type of property you can imagine, seen every type of living quarters, seen just about every type of person and their living environments, and experienced all the areas this city can throw out. The Mission district in San Francisco is by far the absolute downright coolest, most hip, happening place in the city, and a recent trip around the Mission reminded us just how cool it is. Forget Union St. forget Fillmore or Hayes Valley, forget Union Square, forget the Embarcadero, (which are all really cool) forget it all….the Mission is the sh*t. It just has that vibe.

missiond

Not sure where it is? Walk outside your door, ask the first person you see, “How do I get to the Mission District,” make your way there, and experience everything else along the way. If you still can’t find it, use this map and look for where district 9c (Inner Mission) meets 5m (Mission Dolores), and you’ll be close.

Since this is a San Francisco real estate blog you’re probably wondering what the market is like there, so here are the comps for the past year. Enjoy and go check it out.

[Update: Since we're getting a fair bit of link traffic coming in for this post, you should all know we've had a few Battle Royales in the past and this one is quickly becoming one itself, so we've tagged it to go along with the others.]

Comment du Jour: “Daly needs to be run over by a Muni bus”

Clearly this guy [San Francisco Supervisor Chris Daly] lives in a cloud (according to most property owners), but somehow he remains in office. Our comment du jour comes from “Live Smart” in our recent post Daly goes after rental property owners…yet again.

Daly needs to be run over by a MUNI bus.

Well said, and we couldn’t agree more [statement retracted]. However, we do not wish that he actually gets run over, but like your choice of figuratively stating how you honestly feel. We’re sure you’re not alone.

Daly Madness: Ordinance to place two-unit buildings into condo conversion lottery

If you haven’t noticed we’re just spitting out the SFAR Advantage online as it keeps getting better the further towards the bottom we read. Just when you think it is over, Daly strikes again.

Daly Introduces Ordinance Placing Two-Unit Buildings in Condominium Conversion Lottery

Supervisor Chris Daly introduced a proposed ordinance that would place two-unit buildings in the condominium lottery and exempt two-unit buildings that are owner occupied as of August 1, 2008. The full text of the proposed ordinance appears below.

Under city law, ordinances must undergo a 30-day waiting period before they may be heard in committee. This is to allow interested parties an opportunity to study ordinances and take positions on them; so the first hearing on Supervisor Daly’s proposed ordinance will not occur until early July, at the earliest.

ARTICLE 7

SEC. 1359. PARCEL MAP.

(a) The requirements of Subsection (c) of Section 1356 of this Code shall apply to Parcel Maps.

(b) The Parcel Map shall conform to the requirements of Chapter 2, Article 3 of SMA and to the Subdivision Regulations regarding detailed format and contents.

(c) In the case of Conversions where a Tentative Map is not required, the requirements of Section 1314 and the requirements of Article 9 on Conversions shall apply, provided that hearings as provided in Sections 1313 and 1332 shall not be required, and the 10-percent low and moderate income occupancy as provided in Section 1341 shall not be required, and provided further that Article 9 shall not be applied to two-unit buildings only where both units are owner-occupied for one year as of August 1, 2008 and where both units remain owner occupied by the same owner occupants as on August 1, 2008 up until prior to the application for Conversion. The Director of Planning, however, shall make the determination pursuant to Section 1385 concerning preservation of low and moderate income housing.

(d) In addition to the requirements of Subsection (c), the owners of record of a two-unit building conversion that qualify for the exemption from Article 9 must certify under penalty of perjury and the Department must verify with the Rent Stabilization and Arbitration Board, and with the Human Rights Commission as applicable, that since November 16, 2004, no eviction as defined in San Francisco Administrative Code Section 37.9(a)(8)– (14) of a senior, disabled person, or catastrophically ill tenant as defined below has occurred, or if an eviction has taken place under Administrative Code Section 37.9(a)(11) or (14), that the original tenant reoccupied the unit after a temporary eviction. For purposes of this Subsection a “senior” shall be a person who is 60 years or older and has been residing in the unit for 10 years or more at the time of the lottery; a “disabled” tenant is defined for purposes of this Subsection as a person who is disabled within the meaning of! Title 42 U.S.C. Section 12102(2)(A); and a “catastrophically ill” tenant is defined for purposes of this Subsection as a person who is disabled as defined above, and who is suffering from a life threatening illness as certified by his or her primary care physician.

(e) If the owners of record cannot satisfy the requirements of Subsection (d), then the owners of record shall comply with Article 9, including its Section 1396.1(g)(3), prior to submitting an application for Conversion.

(f) If the Department determines that an applicant has knowingly provided false material information under Subsection (d) above, the Department shall immediately deny the application, or if the applicant has submitted an application for conversion, shall immediately deny the application for conversion. Moreover, the Department, the Director, or other authorized person or entity may also enforce the provisions of this Subsection under Section 1304 or any other applicable provision of law as warranted.

All of this legislation and proposals and ways to cut property owners’ legs off makes our heads spin!

Verbatim: Daly goes after Rental Property Owners…yet again

This also from the SFAR Advantage Online e-newsletter:

Daly Introduces Two Ordinances Aimed at Rental Property Owners

Supervisor Chris Daly has introduced two proposed ordinances that, if passed, will affect rental property owners. One would prohibit owner move in evictions for households with children under the age of 18 and amend the definition of disability so that it is the same as the definition of disability in the relocation section of the city’s rent ordinance. The other would amend the city’s rent ordinance to define and prohibit harassment by landlords and provide for rent reduction fines for landlords who are harassing tenants. Both proposed ordinances have been assigned under the 30-day rule to the supervisors’ rules committee, consisting of Supervisors Daly, Dufty and Ammiano. Public hearings on the proposed ordinance are expected to be held by the committee next month.

When will the madness stop!?

Verbatim: Real Property Transfer Tax Rate Increase Proposed

…by none other than McGoldrick and Peskin (surprised Daly isn’t in on this one).

From the SFAR Advantage Online e-newsletter we Realtors receive, and of course we’re sharing with you:

Increases in Rate of Real Property Transfer Tax Rate Proposed

Two Supervisors, Aaron Peskin and Jake McGoldrick, have proposed increases in the rate of the city’s real property transfer tax. Both proposals are intended to leave the rate for less expensive properties unchanged while focusing on properties in the mid- to high- price range.

State law requires tax increases affecting real property to appear on the ballot and to be approved by a two-thirds vote of the electorate for passage. It is not known at this time whether either or both of the proposals will appear on the municipal ballot in November.

To provide a basis for comparison, set forth below are the current transfer tax rates, as well as those proposed by Supervisors Peskin and McGoldrick. Changes to the transfer tax ordinance currently in effect are underlined.

Current Rate Structure:

  • Over $100 and less than or equal to $250,000 = .50%
  • More than $250,000 and less than $1 million = .68%
  • Equal to or more than $1 million = .75%

Proposed Rate Structure (McGoldrick):

  • Over $100 and less than or equal to $250,000 = .50%
  • More than $250,000 and less than $1 million = .68%
  • Equal to or more than $1 million but less than $1.25 million = 1%
  • Equal to or more than $1.25 million but less than $1.75 million = 1.25%
  • Equal to or more than $1.75 million but less than $2 million = 1.5%
  • Equal to or more than $2 million = 1.75%

Proposed Rate Structure (Peskin):

  • Over $100 and less than or equal to $250,000 = .50%
  • More than $250,000 and less than $1 million = .68%
  • Equal to or more than $1 million and less than $2 million = .75%
  • Equal to or more than $2 million = 1.5%
  • (Tax Reduced on Transfers of Residential Property by Up to One Third If, After January 1, 2009, Transferor Has Installed Active Solar System or Made Seismic Retrofitting Improvements or Improvements Utilizing Earthquake Hazard Mitigation Technologies)
  • (Clarifies Application of Tax to Transfers of Ownership Interests in Legal Entities that Own Real Estate)

Stats & Numbers: “Home sales up,” “Home sales down”

Perhaps the best way to begin this little ditty is with Leslie Appleton Young’s (Chief Economist for the California Association of Realtors) quote from the very report from which we obtained this information:

Knowing the median price is interesting, but it is as indicative of the value of your home as knowing the median temperature in America is to predicting the local weather.

We can hear the threats coming, “Oh she has special interests behind her! It’s all a joke, they’re interest is in keeping the housing market alive!” And this is true, but with this very quote, she couldn’t be more on the money.

So by the numbers:

[No, your eyes are not going bad, zee computer is and we're working with Microsoft Paint!]

Home sales were up, year-over-year, for the first time since last May. There were 224 homes sold in May, the highest number since the 224 sold in November 2006. Year-to-date, home sales are down 12%.

Loft/condo sales were also strong, rising 26.4% from April, down 17% year-over-year. Year-to-date, loft/condo sales are off 25.8%.

The median price for single-family, re-sale homes lost 5.9% from April, and, it was down 10% year-over-year. The average price rose 9.2%, but, it was off 0.9% compared to last May.

The median price for loft/condos in San Francisco gained 4.6% to $790,000 from April, and, was up 3.6% year-over-year. The average price for condos dropped 2.6% from the record high set in April. The average price was up 8% year-over-year.

You can find the full report there, and of course are welcome to discuss everything here.

-San Francisco Real Estate Report [SFRE Reports via CleanOffer]

Ask Us: “Should structural concrete be included in the condo square footage?”

Where readers ask, and we try to answer:

Hi -

I read your article [about calculating square footage in San Francisco] and had a quick question on measuring square footage in a high-rise condominium in San Francisco. Do you know if the structural concrete should get included in the condo square footage? The condo I am looking to buy has about 100 square feet of structural concrete behind some walls, mostly along the edges, and the builder is including it in the square feet measurements. This is not “air space” nor do I own it. I can’t occupy it or modify it. I can see the reason to include partition walls, because these can be knocked down and the space can be occupied. But not so with concrete. Any advice?? The rules seem vague with respect to this.

Also, would you have the name of the individual at the Assessor’s office that replied to your email? They seemed very informative. I called the office and the person I talked to didn’t know the answer to my question (and she was an appraiser).

Thanks!

David

We tried contacting you directly, but received no reply. We’re putting this up here (as always) in hopes that the community comes back with some good answers. As for the “individual at the Assessor’s office”, we’ll leave that up to them to allow us to release their email. (We’re big on privacy. Hence the reason we allow Marina Prime to comment under a zillion different aliases. ;-) )

Please have a look at the comments for some replies, or to reply to this question.

-Calculating square footage in San Francisco [theFrontSteps]

St. Regis, 188 Minna #33D, Back on Market!

So you heard me complain, and cry, and moan that my clients missed out on unit 33D at the St. Regis. Well, now it’s back on the market, still $3,695,000, still spectacular, and still available. The buyer, which just so happened to be represented by the seller’s agent as well, has walked (the wife claiming the space just didn’t work).

My clients have determined that they aren’t quite sure South of Market is happening enough to purchase at the St. Regis, claiming it to be a bit “dead”, and now 33D awaits the next person looking for an A+ unit with spectacular views, floor to ceiling windows, an outdoor terrace, and a great floorplan. Comps will quickly point to unit 23D selling at $3.3M, but I’d like to point out that was an off-market deal and the buyer and seller were represented by the same agent (think not necessarily market price). So now that the dust has settled, 27D (at $3,475,000) and 33D (at $3,695,000) are both available, things could get interesting.

There is still one other unit “available”, but not yet on the market in the “F” stack, should you be interested.

-188 Minna #33D [Pacific Union Listing, $3,695,000]

-188 Minna #27D [listing detail $3,475,000]

Letters to Editor: “I have been forced to get a day job”-Realtor

From a New York reader:

I was reading an old blog post of yours about starving real estate agents. Boy can I relate. I have been forced to get a “day job” ugh, and do [real estate] at night and weekends. I need to get back on track so I can quit that damn day job!

-J

Expired and FSBO(for sale by owner) Listings my Specialty!

We’re feeling your pain, but likely our reader “Ramen4Realtors” is laughing his/her head off. Regardless, we’re always looking for good writers…(it doesn’t pay, but at least you can vent.)

-Theory of the Starving Real Estate Agent [theFrontSteps]

Poof! Zee computer is dead! Mac or PC is now the question

…and with that, my computer is toast (writing this remotely). There will be no posts today, but I did get sfnewsletter done. Check it out by clicking “see a sample” on that page. Until I get up and running again on my own machine (likely a Mac this time), twitter might have to suffice.

A little help on the Mac or PC decision would be appreciated. Main uses: Internet, Gmail, photo resizing and sharpening. Rarely use Word, Excell, and never use Outlook.

So…Mac or PC? What should I do!?

Coming Soon: 2950 Vallejo, it’ll only take you $25,000,000

Nestled into, or perched atop (it’s all perspective), one of the most prestigious hills in San Francisco (we’d almost go so far as to say the world), 2950 Vallejo appears to be coming soon…for $25,000,000.

From our reader:

One of my absolutely favorite houses is hitting the market. You probably already know this, but I haven’t seen it on any of the blogs as of yet… 2960 Vallejo is now on Barbara Callan’s website for 25 million… that’s almost 5000k per foot, which is just astounding.

Hang on now, before you start freaking out about location, and size, and price, and square footage, and all that…the next email moments after:

Oops! I gave you the wrong address.. It’s 2950 Vallejo… and it’s 4000 per foot.. sorry!!

Apology accepted, still astounding (it’s all perspective, you do get seven bedrooms and eight baths after all), and thanks for the tip.

[Update: "It's definitely 2950... 2960 Vallejo is the shingle property next door on the left. It sold in 06 for like 8 million"-from the same reader, whom we love!]

[Update #2: Some interior pictures are now available at Barbara Callan's website.]

Much nicer than expected, to be perfectly honest.

As a reminder, you can send tips, comments, or questions to theFrontSteps@gmail.com.

-2950 Vallejo [Barbara Callan, direct link to property not working, please navigate your way. At this moment the only pictures and details are what we've told you above.]

-2960 Vallejo [Byzantium Brokerage...Yasoo Steve!]

Tour de San Francisco (real estate) strikes again! Buena Vista Park

It took me waaaay to long to get back out and do another stage of the Tour de San Francisco (real estate), but I finally did. Last week was Buena Vista Park, so if you’re not already a reader of sfnewsletter, and you didn’t catch it, go ahead and follow this link to a picture (some words) tour of Buena Vista Park.

-Tour de San Francisco (real estate) [sfnewsletter]