Not too long ago, we featured a friendly wager on 130 Retiro Way in the Marina district, what it will sell for (asking $1,725,000) and what kind of remodel we’ll see. RentsUP” nailed the sales price at $1,850,000, or $125,000 above asking (7.25%). It closed yesterday. Now about the remodel? And did you buy it … Continue reading It’s a cold market indeed…(130 Retiro Way: an Update)
Category: market info
A Pocket Listing on Lake Street worth posting
Not that other pocket listings aren’t worthy, but we have this in the Marketplace now, so we thought we’d let you know it is there. It is not in MLS, so feel free to pass this around. The raw stats: 6 bedrooms 3.5 bath 3000 square feet (per seller) Lake @ 21st. Remodeled 2 car … Continue reading A Pocket Listing on Lake Street worth posting
Stats & Numbers: 2-4 Units (09/06-09/07)
From Garrett. Thanks Garrett!!! 2-4 Units District 1 Sep-06 Sep-07 Number of Sales 8 6 Median Selling Price 1,044,000 1,252,500 Average DOM 43 50 District 2 Sep-06 Sep-07 Number of Sales 11 2 Median Selling Price 1,050,000 1,482,500 Average DOM 30 90 District 3 Sep-06 Sep-07 Number of Sales 0 0 Median Selling Price Average … Continue reading Stats & Numbers: 2-4 Units (09/06-09/07)
More fun inside 2201 Baker
Today, one of our (we’ll just call him/her “readers”) had the chance to get inside 2201 Baker, the $2,490,000 fixer in Pacific Heights, get the scoop, snap a few photos, and open our eyes to a true diamond in the rough. And of course provide us with “before” photos, should we still be blogging when … Continue reading More fun inside 2201 Baker
Could it get any worse?
From “james” with love: New York Attorney General Sues First American in Appraisal Probe [OC Register] Thoughts?
Is SocketSite Growing Bull Horns?
Maybe it’s a Halloween prank, maybe a treat, and we have yet to get the trick, but yesterday on SocketSite, they (we know it’s you Adam, but we’ll play along) had a decidedly confused tone: The Federal Reserve Cuts Benchmark/Discount Rates By 0.25% The known: the Federal Reserve has cut both its benchmark interest rate … Continue reading Is SocketSite Growing Bull Horns?
Trick or Treat?
From a mortgage broker to a Realtor: While having you as a client has been a real treat, you may know someone who’s been “tricked” by a ghoulish mortgage professional. If that’s the case, send them our way. Not taking sides, not pointing fingers, just throwing it out there. –Point Counter Point, More Sub Prime … Continue reading Trick or Treat?
Stump the Stammtisch: Questions about Foreclosures
Where readers ask, and we try to answer: Your posting on 10/25 regarding the property on Vernon Street being sold in light of a pending foreclosure prompts these questions: 1) If a property is pending foreclosure and the owner has filed for bankruptcy can they still sell? I am of two minds on this: 1) … Continue reading Stump the Stammtisch: Questions about Foreclosures
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)
Point, counter point, more Sub Prime mortgage blaming
We’re not ones to only tell one side of the story (although continually blamed for it, and admitadly a bit bullish). We’re certainly not ones to always point to roses, and we’re definitely not afraid of helpful comments and good articles to keep us thinking, so keep sending them, and please discuss. At the heart … Continue reading Point, counter point, more Sub Prime mortgage blaming
Fixer Facing Foreclosure: Move Fast!
It’s nice to see the tips coming in, especially the ones we know you’ll love. This beauty at 455 Vernon in Merced Heights is definitely a fixer (we Realtors call this “deferred maintenance”), apparently facing foreclosure, and needs to be sold quickly. Go on, tell us you’re buying it. List price: $695,000. Dibs on the … Continue reading Fixer Facing Foreclosure: Move Fast!
Bank of America exiting wholesale mortgage business?
Could it be true? “It is with much sadness that I write to inform you that Bank of America has opted to close its Wholesale Channel effective December 31, 2007. This is a bank strategy to become number one in direct to consumer… do not have much information at this time but it is my … Continue reading Bank of America exiting wholesale mortgage business?
“The Real State of Real Estate”
This piece, the Real State of Real Estate (pdf) was sent to us by a very reliable mortgage broker in our city. However, he did not write it, so we can’t give credit to him, nor can we give credit to the person who wrote it, as we don’t know who did. If anyone can … Continue reading “The Real State of Real Estate”
Nothing special, just $421,000 over asking, that’s all (1809 Diamond)
Asking $1,799,000 1809 Diamond in Noe Valley, a 5 bed, 3.5 bath, just closed for $2,220,000 or $421,000 (23.4%) above asking. Debate the pricing all you want, demand is there. We might add this home listed 9/21, and was on the market a staggering 12 days. Ahhh, what the hell. Previous sale, September 2004, $1,375,000, … Continue reading Nothing special, just $421,000 over asking, that’s all (1809 Diamond)
$4,950,000 at 745 Marina, and almost a done deal?
Our market is supposed to be tanking. (So we’re told.) 745 Marina is “pending”. Estimated close of escrow in November. [Update: Sold today (10/22/07) for $3,982,885. Market bashers…begin field day.] [Update #2: And emailed to us seconds after publishing the first update (how’d you do that?): “Sale price $4,100,000. No commission taken by selling agent“.] … Continue reading $4,950,000 at 745 Marina, and almost a done deal?
DQ news: triple soft serve data?
From a reader: I think a great topic is to discuss the latest DQ News SF numbers. September was supposed to be the month where all hell broke loose for home buyers. NO JUMBO LOANS everybody screamed since the credit meltdown occurred in Aug. And yet, SF prices STILL went up 1.9%! There goes the … Continue reading DQ news: triple soft serve data?