Yup, it’s true. Foreclosures in San Francisco are up from a whopping 62 63 notices in 2006 to 65 in 2007, or 3%. Dave, it looks like you were one of a very few to get your hands on a foreclosure in San Francisco. Hats off to you. We anxiously await the story. As always, … Continue reading San Francisco Foreclosures UP!!!!!
Category: market info
Bay Area sales volume down 9.8%, median price up 6.9%
“In the Bay Area, the [California Association of Realtors] said sales volume was down 9.8 percent from last year, while the median price was $841,660, up 6.9 percent from $787,540 last July.” –Home sales still weak in California and throughout the country [sfgate]
Hotel Luxury Condo’s Hold Their Value
by Janet Krahling Take a look at this comparison: Downtown Hotel Luxury Condos (St. Regis and Four Seasons Residences re-sales) vs. Pacific Heights Condos ($1m+ sales). This chart compares average price per square foot in 2006 vs. average price per square foot YTD in 2007, according to MLS data. The average price per square foot … Continue reading Hotel Luxury Condo’s Hold Their Value
“…deals can be found now”
From a reader to you. I anxiously await the story, along with a few other readers, I’m sure. “There’s very, very little to select from in the foreclosure arena in San Francisco. However, I am currently in contract on a bank-owned property. It’s a single family home in a desirable neighborhood. We offered about 25% … Continue reading “…deals can be found now”
Stump the Stammtisch: Refinancing our 3/1 ARM…
“Hello Front Steppers, We bought our SFR in 2004 and have a 3/1 ARM of $600K on a $1mil home. We can pay the newly adjusted amount without really changing our lifestyle, but we would like to refinance before the next rate adjustment in 10 months. With all that is going on in the mortgage … Continue reading Stump the Stammtisch: Refinancing our 3/1 ARM…
“the place was crawling with people” (1422-24 14th Ave.)
Deferring to our readers on this one. I have not seen it. Thanks “anon8mizer” for the tip. Hi – Just an update on this building. I saw it on Sunday. The place was crawling with people. I thought i was back in 2004 when I was house hunting. Three types of visitors: 1) young couples/families … Continue reading “the place was crawling with people” (1422-24 14th Ave.)
What’s going on in the mortgage industry
by Miles Grant WHAT’S GOING ON IN THE MORTGAGE INDUSTRY? I have been getting calls from Realtors and principles asking if we are still going to be able to fund loans, and other questions. Following is a list of questions and answers. What is going on? Most lenders sell to Wall Street and Wall Street … Continue reading What’s going on in the mortgage industry
Verbatim: fewer than 1% of all residential mortgages in foreclosure
“…. There are some $10 trillion of residential mortgages outstanding in America. Only 15 percent of those are subprime mortgages, and only some 12-13 percent of those mortgages are delinquent (payment overdue for more than 30 days), with even fewer, perhaps 5-6 percent in foreclosure. That is fewer than 1 percent of all residential mortgages….” … Continue reading Verbatim: fewer than 1% of all residential mortgages in foreclosure
Pardonnez moi monsieur, mais vous avez dit “+79.7%”?
We often compare trophy cities (London, Sydney, Paris, Tokyo, etc.) of the world to San Francisco, and in my humble opinion, we’re not quite trophy, but on our way. If we got rid of Chris Daly, maybe we could get there. Regardless, a reader sends us this quote and link: “And we thought prices were … Continue reading Pardonnez moi monsieur, mais vous avez dit “+79.7%”?
Find your way to the Mid-Century…modern (429 Burnett)
Sometimes you just have to show some pictures, and dream. Five bedrooms, 4.5 baths, 3 parking spaces, 3600 square feet, listed for $2,790,000 about a month ago, into contract about 10 days ago, and “very nice” (say that like Borat). It is indeed an “Entertainer’s Dream”, so don’t forget we make a great fresh lime … Continue reading Find your way to the Mid-Century…modern (429 Burnett)
Various Updates (Alhambra, Sea Cliff, 22nd, Sacramento, Douglass, 27th, and more)
Our readers have been asking in various places about some properties we featured as of late. Since so many have asked so nicely here you go: 3280 22nd St @ Valencia, the “green” building that all the blogs were all hot about and many claiming wouldn’t sell. Guess what? Last week, in the middle of … Continue reading Various Updates (Alhambra, Sea Cliff, 22nd, Sacramento, Douglass, 27th, and more)
What’s been happening locally
by Meagan Levitan I’m not even going to start speculating on where the San Francisco market is heading after this week’s mega-headlines about the loan market. Needless to say, though, difficulty getting jumbo loans COULD affect the San Francisco market but it is too soon to tell. So…I’ll just talk about what’s been happening locally … Continue reading What’s been happening locally
Bernal Heights strikes again (145 Coso…$309,000 over)
We’re not making this up, but it might help answer the question, “is Bernal on Fuego or Hielo?” All pricing issues aside, this is a pretty damn good find. Thanks Garrett: 145 Coso, a 3-bed, 2-bath, 13 days on the market and $309,000 above asking, which brings the sales price to $1,408,000 in Bernal. No … Continue reading Bernal Heights strikes again (145 Coso…$309,000 over)
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.)
Keep pumping the bull shit, and the public will likely keep buying it
…and the downward spiral will continue until everyone forgets about it. We’re not denying the real estate market has/is experiencing a bit of a shake up, but all the “sky is falling” reporting is getting a bit tiring, and in no way an entirely accurate representation of the San Francisco real estate market. Don’t call … Continue reading Keep pumping the bull shit, and the public will likely keep buying it
Battle Royale: Outer Richmond or Outer Sunset/Parkside…if you had to choose
Our last attempt at a healthy discussion as to whether you’d choose Pacific Heights or the Marina kind of took a turn for the worse when comments got a little heated and were taken a bit personally, but that isn’t stopping us from trying again. So…if you had to choose, Outer Richmond or Outer Sunset/Parkside, … Continue reading Battle Royale: Outer Richmond or Outer Sunset/Parkside…if you had to choose