Category: market info

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

FYI, 289 Marina ($905,000 over asking)

A reader kindly calls out, and we verify: I heard the 289 Marina Blvd. house just sold. Asking $2.795 mil… north of $3 mil…. can anybody verify? I went inside… 1950’s…. needed A LOT of remodelling. [Editor’s note: Correct. Sold for $3.7M. Seven offers.] In the nick of time? Time will tell.

“Seems outrageous to me” (2566 23rd Ave.)

I’m going to keep quiet on this and do as this reader suggests…”let the readers decide”. This listing [2566 23rd Ave.] in SF’s Parkside caught my eye. Bought in March for $1.04M (expensive for Parkside), this home was flipped and is now back on the market for $1.6M! Seems outrageous to me, but let the … Continue reading “Seems outrageous to me” (2566 23rd Ave.)

What’s going on with 1684-1686 19th Ave?

from B.O. with [our comments thrown in] [This is a very good find and a good data point. 19th Ave properties are a tough sell as is, but add to the mix bad pricing, average remodel, out of town agent, and you have a recipe for frustration and not selling. Of course, we don’t know … Continue reading What’s going on with 1684-1686 19th Ave?

Repricing of risk, not a bad thing

from “D” “This goes along with my comment yesterday about the repricing of risk. It’s not a bad thing. This concern about jumbo mortgages costing 6.8% or 7.5% is actually funny because for most of the 1990s boom, and well into the 2000s, interest rates were exactly at these levels! When I bought my condo … Continue reading Repricing of risk, not a bad thing

It just doesn’t make sense…our market

Quite often I’m forced to pull from our readers’ comments because I couldn’t possibly say it better myself. This from yesterday’s post titled “Rents Rising. “I don’t think this [observation] makes sense in San Francisco. From where I’m standing as a potential buyer – the San Francisco market is on freaking fire. We’ve been overbidding … Continue reading It just doesn’t make sense…our market

Mortgage Reportage

Big news yesterday in the world of Big (Jumbo) Loans, and big rate hikes, that fortunately appear to be stabalizing. Talk about creating panic. If you have the time, scan the links, then make sure to read “Some Reactions as well. Thanks to DL for sending the link and this quote below: The Fed leaving … Continue reading Mortgage Reportage

Stump the Stammtisch: Bernal on Fuego or Hielo?

Being that it is the middle of summer, we’re curious to see what kind of replies we get to this post, but we hope the Stammtisch can come through nonetheless. If they can’t…readers!? “Hi, Over the past few weeks I’ve been seeing a Realtor post on Craig’s List that Bernal Heights is “on Fuego”. For … Continue reading Stump the Stammtisch: Bernal on Fuego or Hielo?

“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

Still not enough inventory out there for everyone.

This week alone we have received the following emails, literally cut/pasted: “Do any of you have any fixers in your pockets or coming up? Open to anything with parking, yard and delivered vacant up to 1.5.” “Does anyone have a vacant lot for sale in SF for under $1M?” “Does anyone have any pocket listings … Continue reading Still not enough inventory out there for everyone.

Summer, Real Estate, and San Francisco

by Meagan Levitan Question: What are the real estate signs of summer? Answers: Still available! Price Reduced! Motivated Seller! Back on the Market — at no fault of the property! Whether it’s the fact that people are out of town or simply that sellers have become too confident in San Francisco’s market, there’s an increase … Continue reading Summer, Real Estate, and San Francisco

Incredible “boomtime”?

Pulled from the comments made by “boomtime” on “636 Steiner, an offer and a UFC style beat down”. We edited slightly and added property links so everyone is on the same page. I call it the way I see it. It is an incredible Boomtime now, and I can’t wait to get my bonus this … Continue reading Incredible “boomtime”?

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

Orbitz, Travelocity, Hotwire? Nope, just a Realtor incentive.

From one Realtor to another, the incentives are there. You just need to know where to look, or hope this shows up in your email. We’re keeping anonymity on this, but putting it out there for your viewing pleasure. It is not a totally stale listing, but has been on since at least April. ****Close … Continue reading Orbitz, Travelocity, Hotwire? Nope, just a Realtor incentive.

636 Steiner…an offer and a UFC style beat down!

by Alexander Clark If you’ve never seen an Ultimate Fighting Championship match you’ll have no idea what I’m talking about, and I know it’s a stretch comparing writing an offer to stepping into the Octagon and taking on the likes of Chuck Liddell, but to some of my clients, they truly feel they are getting … Continue reading 636 Steiner…an offer and a UFC style beat down!