Truth be told, I recently had a client in contract to “take over” a unit above the 50th floor at One Rincon Hill from a “seller” that had purchased their unit via the sales office on the very first night said sales office opened. Yes, that means it was an attempted “flip”, a “cancellation”, a … Continue reading A failed flip at One Rincon Hill, and what we know about high rise “resales”
Category: Insider Information
2021 Webster Withdrawn, Market Crashes! Not so fast…
We’re going to call our very own “Eddy!” out on this magnificent post he made on what appeared to be the end of the road for 2021 Webster (you must be reading that “other” site too much, it’s affecting your logical thinking). Your analysis would certainly delight the countless nay-sayers around the realternet (internet sites … Continue reading 2021 Webster Withdrawn, Market Crashes! Not so fast…
Coming Soon…Single Family on Lake Street, principles only!
Some of you may remember a pocket listing I had on Lake Street, which we never received any offers on. Tons of interest, but no offers. Well, it turns out the owners are totally raking me over the coals and officially listing it with another agent. Rather than crying about it (okay, maybe I am … Continue reading Coming Soon…Single Family on Lake Street, principles only!
Bush signs higher conforming loan limits into law
by Kelly McCray H.R. 5140, the economic stimulus plan, was signed into law by President Bush, among other things; the bill raises conforming loan limits for the Bay Area. The Bay Area for years has had no help, we pay premiums for our real estate, and we have, for so long, been subject to the … Continue reading Bush signs higher conforming loan limits into law
Ask Us: Selling a home off the market
Where readers ask, and we try to answer. Why do agents shop houses off-MLS or before they hit the market?-E.S. I shop places off the market simply because my clients say, “If you find me a buyer, I’ll sell it, but I’m not listing it on MLS, not doing open houses, and not doing signs.” … Continue reading Ask Us: Selling a home off the market
Noe Valley Pocket Listing and “cosmetic fixer”
Since we were recently on the subject of Noe fixers, it’s time to start spreading a little of the insider love. We don’t have pictures, but words. If you’re interested in this place, contact us. “I have a cute off market single family fixer opportunity in Noe Valley that I wanted to pass on. The … Continue reading Noe Valley Pocket Listing and “cosmetic fixer”
Millennium Rising…and Selling Rather Quickly
There have been a lot of unconfirmed rumors flying around regarding Millennium Tower, so we thought we’d visit the sales office, call a few reliable sources, get some confirmations, start another rumor, and give you the scoop on the latest with Millennium Tower. First, to ease your doubts about our market ever seeing $2000/square foot, … Continue reading Millennium Rising…and Selling Rather Quickly
A call to comment (our market, overbids, mortgage mania)
Calling all Realtors, bloggers, and readers in San Francisco! Share your experiences on the market in this thread. I, Alex Clark (the editor), am actually feeling chatty and have been chiming in, and would love some insight from my colleagues as well as all you readers and bloggers. Go ahead…comment. It’s actually kind of fun. … Continue reading A call to comment (our market, overbids, mortgage mania)
Just “Wondering”
A reader kindly asks about 2746 Gough #1 in Cow Hollow, and 120 Cherry in Presidio Heights, so I thought we’d give the answers. 120 Cherry is a home that hadn’t been on the market…ever, since it was built in 1923. (According to the “remarks”.) It is in Presidio Heights, is a trophy home, and … Continue reading Just “Wondering”
Bucking a trend? (2224 Clay St.)
Spotted by Kenny and mentioned in “Keep pumping the bull shit and the public will keep buying it”, we now bring 2224 Clay St. to the front page for all to see. We keep telling you, the comments are loaded with information. We encourage you to contribute to, and learn from them. “Real quick, here … Continue reading Bucking a trend? (2224 Clay St.)
A better comparison to our high end market performance
Damion Matthews kindly forwarded us this article, and added, “even though it’s about the New York market, I tend to feel we have more in common with that than we do the rest of the Bay Area.” We would tend to agree. From the article: ‘I’ve been doing this 20 years… I’ve never seen anything … Continue reading A better comparison to our high end market performance
“A Tale of Two Districts”: Update
On July 3rd, “eddy” sent in a great post (A Tale of Two Districts) comparing two similar properties in different locations, and whether or not one would sell faster than the other. The answer is clear, and not surprising. 689 Douglass, a 4 bed, 3.5 bath, single family home in Noe Valley asking $1,895,000 set … Continue reading “A Tale of Two Districts”: Update
Back to Basics
by Shanendoah Forbes The current trend in the market is pretty clear and the Q2 numbers will support one basic fact. Residential Real Estate is slumping and Commercial Real Estate is firming up. The Micro-trends break down more like this: Record setting sales for both office buildings and hotels. However, there have been fewer apartment … Continue reading Back to Basics
Saturn, Uranus, Neptune, Brutal! (74 Neptune, triple ended)
Adding fuel to an already hot fire of us Realtors making too much “easy money”, I came across this listing in MLS at 74 Neptune in Silver Terrace (yes, it is still San Francisco). Sold in January of 2007 for $498,000, buyer represented by Realtor TZ. “Tastefully renovated” recently, and listed May 2007 for $599,000, … Continue reading Saturn, Uranus, Neptune, Brutal! (74 Neptune, triple ended)
An offer date that came and went (366 Montcalm in Bernal Heights)
A reader just fired this to us, and since we happen to be sitting at the computer (go figure) we’ll just throw it up without any real editorial genius, and hope our readers or Stammtisch can provide some insight. 366 Montcalm ($649,000), a two bed, one bath “condo alternative” on the North Slope of Bernal … Continue reading An offer date that came and went (366 Montcalm in Bernal Heights)
$1.46MM on 46th Avenue: $65,000 over, $35,000 under, or $1000 over?
How this one slipped through the cracks we’ll never know, but we thought you’d like to see a nice before and after of 838 46th Ave., and get a little scoop. Then help us decide if it sold $65,000 over, $35,000 under, or $1000 over. Before: After: Scoop: Originally listed in January for $1,395,000 this … Continue reading $1.46MM on 46th Avenue: $65,000 over, $35,000 under, or $1000 over?