From a reader (not Boomtime, not MarinaPrime, not me, not any of the other bulls…), verbatim: “Fed Cut the Rate! Seatbelts, please… * FED CUTS FEDERAL FUNDS RATE HALF POINT TO 4.75% * FED CUTS DISCOUNT RATE HALF POINT TO 5.25% * Yield curve steepened dramatically as the 2Y went from 4.13% to less than … Continue reading “Fed Cut the Rate! Seatbelts, please…”
Category: market info
Large and in Charge (3730 Washington)
On May 14th of this year, we alluded to a “very big, very expensive” home that will be coming on the market. Since I just drove by and saw the sign out front, we’re finally letting you all know. That was a tough secret to keep, let me tell you. > 3730 Washington is coming … Continue reading Large and in Charge (3730 Washington)
Why Buy Hotel Condos?
by Janet Krahling (thanks Janet): People often ask “Why buy a private residence at the Four Seasons, St. Regis or Ritz-Carlton in San Francisco?” Here’s the simple answer: Imagine having exceptional high-end services in your home every single day and the potential investment upside associated with real estate, but without any of the headaches normally … Continue reading Why Buy Hotel Condos?
Done Deal in the Marina and only $395,000 over (2330 Bay)
Our readers have come up with some good finds this last week, and thankfully I have some time to post them, so you can pick your jaw up off the ground along with the rest of us: Take a look at this. [2330 Bay] Closed in 21 days for almost $400,000 more [asking $2,495,000 selling … Continue reading Done Deal in the Marina and only $395,000 over (2330 Bay)
Benjamin Bratt sells SF Investment and “Your Mama” tells us how it is
I truly love when readers (thanks Shelley) send in links to other sites that truly make me laugh, and have a good grasp of the sf market, so I can quote them and not have to say it myself. Lest anyone think the sub-prime lending crisis and mortgage meltdown is having a huge affect on … Continue reading Benjamin Bratt sells SF Investment and “Your Mama” tells us how it is
The reasons for my absence: Market Activity on three levels
I know, I know. I’ve been MIA, but there is a reason. A good one. Or two. Actually three. You see, when I get caught up in this blog, reading comments, and reporting on what I see “virtually” I almost get the sense the market has cooled. It has cooled, but not nearly to the … Continue reading The reasons for my absence: Market Activity on three levels
1361 Francisco…buh bye!
From a reader who actually sent this a couple days ago, but I haven’t had a chance to post…1361 Francisco, a two bed, one bath condo asking $1,389,000. These things are going fast: You should definitely post this example. Here is a nice 1,200sqft lower unit Marina flat in ‘The Marina Gold Box’ area where … Continue reading 1361 Francisco…buh bye!
The jury is in on the Transbay Terminal
Yet another reason I HIGHLY recommend you subscribe to the San Francisco Business Times or at least periodically check their site. The jury is in on the Transbay Terminal: The jury charged with ranking three proposals for San Francisco’s tallest building and the new Transbay Terminal has picked the team of developer Hines and architect … Continue reading The jury is in on the Transbay Terminal
Done Deal in Outer Parkside (2342 42nd)
What feels like ages ago on April 11th, I wrote about 2342 42nd Avenue: …in August of 2006 this property was listed at $1,095,000, then in March of 2007 listed at $899,000, now it is listed at $1,295,000. If it sells at $1,295,000, I’m packing up and moving to Mexico, because that would be just … Continue reading Done Deal in Outer Parkside (2342 42nd)
1330 Chestnut…a done deal
I can’t believe how many people are asking me about 1330 Chestnut, and I haven’t had time to check (cough…bull shit!)…but it is now sold. Asking $1,495,000 sold $1,550,000 and only spent 15 days (during the mortgage crisis) on the market. Reminder: If you were to receive the sfnewsletter either from me, or your Realtor/Mortgage … Continue reading 1330 Chestnut…a done deal
Mattell Recalls Toys…Again!
Why is this significant to real estate? Because it has given the media something else to beat to death, which is pushing the mortgage reporting to the bottom of the pages, and allowing a healthy market to return. We can also thank Felix and Henriette for turning their attention elsewhere.
Tiffany…you’re sooooo…in contract!? (95 Tiffany)
From kenny “Wow. This one surprised me. 7 days on the market? On Tiffany? If this isn’t an indicator that many micro-markets are thriving — not just the especially well heeled neighborhoods — I don’t know what is. In the middle of this scare, Tiffany street commands this type of activity?” Maybe it’s the green … Continue reading Tiffany…you’re sooooo…in contract!? (95 Tiffany)
Dukck Hunting Season has begun
That’s my way of saying Labor Day is in the past, the phone is “gringing” (Anyone know the joke that goes with that?), emails are flying, and the buzz has begun. More listings are slowly creeping onto the market, sellers are getting a bit more confidence, “real” buyers are still out there in droves, and … Continue reading Dukck Hunting Season has begun
SF getting hurt by subprime crisis?
A quote and a link from Damion Matthews…to an article that is quite representative of a lot of what is going on in some parts of the city, and not at all representative of a lot of what is going on in many parts of the city. Get that? ;-) Read it again. In and … Continue reading SF getting hurt by subprime crisis?
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”
How to buy a foreclosure in San Francisco
by “Dave”…a reader that seems to have just scored a great home. Important detail he left out, and what I’m dying to know…did you use a Realtor? As I mentioned before, there wasn’t much magic in my purchase. The house was listed on MLS like everything else but was disclosed as an REO. I had … Continue reading How to buy a foreclosure in San Francisco