I haven’t had the time to write sfnewsletter this week, and now I’m off to Santa Barbara for a wedding. I will be back next week…and I even went out to do another stage of the Tour. Oh well, it will have to wait.
What’s that Beastie Boys lyric? Something like “Technology is wizardry, what you got is…” Anyway….we now have more real estate technology and listing search capability thanks to Roost.com, which apparently just launched its San Francisco listings.
Looks to us like they partnered with Zephyr Real Estate to get those listings (smart on Zephyr’s part), and from what we could tell there are quite a few listings available to browse, and you’ll even get email alerts for new matches. You can filter by map, price, bedrooms, bathrooms, area, and all kinds of stuff. It is pretty darn quick with spitting back results and is simple and straight forward. It is lacking the capability to search anything that is not “active”, but what do you expect? MLS owns the data, and they’re protecting it, and keeping Realtors (like us) employed. There are, however, other sources for enhanced search and alerts when properties you might be tracking change status, and you can even get sold stats from more and more real estate sites, so if you know where to look, you should be able to find everything you need online these days when searching for homes in San Francisco.
Your homework: try Zillow, Trulia, Redfin, SFARMLS, Clean Offer, sfnewsletter, Roost, and any others we’re forgetting and report back, which is the best.
We love to get tips and comments from all y’all, so keep sending them either to firstname.lastname@example.org or use the contact form This from “44yo hipster”:
Apparently some big time landlords were smoking a lot of crack in 2006. Apparently these NY landlords didn’t get the memo that rent control is real, and unfortunately, one cannot just wish it away. I wonder if the Lembi’s were also this dumb, given their buying binge of apartment buildings in San Francisco? Peace out.
As you know, I was a bit out of the loop lately in regards to San Francisco real estate, and forced to get my updates from a few other sources out there, like the New York Times, San Francisco Chronicle, Bloomberg, the Wall Street Journal, Business Week, Business Times, and sooooo many other “sources”. My God, I thought the world had ended and Michael Phelps had won the Democratic Presidential Nomination! (Oh no wait…he took the place of GOD!…according to the media.) So you could imagine my shock and awe when I called the agents listing 505-507 44th Ave (an Outer Richmond two unit building asking $930,000) and they told me (within the first sentence mind you), and I kid you not, “Don’t even bother asking us to make an appointment if your client can’t pay $1.2M.”
Wait? Come again. (That’s what she said.) It’s listed on MLS as $930,000, the offer date came and went and you’re telling me you want $1.2M?
It was actually a bit worse of a conversation than all that I’ve shared (I can get a bit annoyed), but I cooled it down a bit in the end and got the agent to commit to “trying” to make an appointment. Turns out they had four offers previously and the client decided they want $1.2M.
Shitty market we’re in when you have four offers on the same Outer Richmond two unit building, isn’t it?
NUMBER OF UNITS is the equivalent of number of sales/transactions. For condominiums, each unit is treated as a sale. For 2- to 4-unit buildings, the “building” is treated as a sale.
NUMBER SOLD is the number of properties in the market segment that closed escrow during the month.
NUMBER FOR SALE is the number of active properties on the market for one day or more during the month.
MEDIAN PRICE (SOLD) reflects the “middle” price point of a group of properties that have successfully closed escrow on a monthly basis, i.e. half sold for more and half sold for less than the median price. Tracking the movement of median prices over time provides a good indicator of the direction market forces are moving.
If the percentage change is positive between the two periods then there is upward pressure on prices in that market segment. If the percentage change is negative between the two periods then there is downward pressure on prices in that market segment.
AVERAGE DAYS ON MARKET (DOM) reflects how long it has been taking (on average) to draw an offer on a reasonably priced property exposed to the market. The AVERAGE DAYS ON MARKET is defined as: The average number of days it took all of the properties that went under contract during the period to accept a first position offer.
MONTH’S SUPPLY OF INVENTORY (MSI) is a measure of how long it would take, in months, to sell the existing inventory at the current sales rate for the specific neighborhood and property type. The MONTH’S SUPPLY OF INVENTORY is defined as: The number of active properties on the market for one day or more during the month, less the number of properties that have been withdrawn or expired, divided by the number of properties that have gone under contract during the month.
There is just so much real estate porn out there these days it makes our head spin. Some is obviously better than others and all the “tips on buying/selling a home in this market” are just plain “tawred” (We get that right Your Mama?), but one site continues to shine and keep us coming back for more…Real Estalker. What got us this time is Your Mama’s disclaimer (classic lines bolded):
The Real Estalker is a clearing house for information about high-end and celebrity real estate with a little gossip tossed in for fun. Posts are created by culling and synthesizing information from multiple sources including public records, other blogs, magazines, newspapers, and often, some good old-fashioned investigation. Published content may include inaccurate information and no claims of accuracy by Your Mama can or should be taken seriously. And babies, this blog is NOT meant to be a celebrity map to the stars. It is intended to be a tongue-in-cheek, voyeuristic, online experience only. Your Mama asks that you do not chase down, visit, or disturb any person or property posted here. Hunny, that would only make you an asshole. Seriously. This blog is meant to be in the spirit of good fun and we hope you take it that way. Additionally, The Real Estalker makes no claims to the sale-ablility, structural integrity and etc. of the homes we discuss. We are simply sharing our sarcastic opinions of properties and anyone who would be influenced in regards to purchasing a house based on this blog is stoopid.
Your Mama, did you copyright that or can we use it in our disclaimer too? Especially those last couple of lines? Oh damn, we don’t have a disclaimer!
Because we know many of you don’t read the brilliant comments. From time to time we have to bring them to you (edited slightly for flow):
I did not read over the hoards of posts, but i would like to leave a comment! I really do not care how much Realtors make, matters not. But, i do care that in fact, my Realtor is a PRICK. I am in the process of buying a house (within a couple of weeks of closing, supposedly) and my Realtor called me, YELLING at me, telling me I’M lagging behind and not working towards getting this loan closed. Although Every single fucking stressful day I’m getting two or three calls from the lender wanting “just one more” document of some kind to “get this thing pushed through”. Would you believe that the sellers/Realtor expect ME to paint over the window frames to pass an FHA inspection? Yup, the buyer who doesn’t even own the house yet……….. two weeks ago my friend went and built a HAND RAIL on the front porch for me, because the sellers, and the Realtors say it is my job to put the house up to code, not theirs.
Meanwhile the Realtor, if he actually is a Realtor. ([We left it out, but it's in the original comment] at Remax Select, Flint Michigan) is belligerent with me, rude, and forceful, telling me that because they are willing to sell the price for “so Low” and willing to agree to “all my terms” which they didn’t anyway!! that I should just march my happy ass over there and make sure their house passes an inspection.
Alas, I will paint the fuckin windows, because I want the house. but I’ll tell you what i don’t want…….. i don’t want that cocksucker to get one cent commission when i close, so, I am up at 5am researching [so that's how you found us] if it’s possible to change Realtors right before close… because you know what? I wanna stick it to the fucker and teach that little man a lesson.
Thanks to Fluj for putting up some good content while I was away! I’m (almost) ready to go with some new posts (need to figure out how to perfectly resize photos, and a few other things on this here Mac.) In the meantime, relax with a cocktail, I’ll be back at it by Monday (hopefully).
I’m having a Bombay Sapphire and Tonic.
What are you having?
Representing Buyers & Sellers Of Residential Real Estate In San Francisco, Marin, & Palo Alto – Follow/Connect @theFrontSteps