Information provided by: Amanda Jones of Vanguard Properties, and a member of sfnewsletter ™. San Francisco’s new Mission Bay development covers 303 acres of land between the San Francisco Bay and Interstate-280. • 6,000 housing units, • 6 million sq. ft. of office/life science/technology commercial space, • A new UCSF research campus • 500,000 sq. … Continue reading What’s going down (or up) in Mission Bay
Category: market info
Scary Math…Indeed
Recently ran across this article on CNN Money.com, and couldn’t help but notice that it is yet another doom and gloom report on the subprime lending market. There are a couple quotes that do pertain to San Francisco: -“At a minimum, it means financing is drying up for those with less-than-perfect credit and that spells … Continue reading Scary Math…Indeed
Done Deal In Noe Valley
4430 25th Street, a 3 bed, 2 bath, view, single family residence in Noe Valley. Asking, $1,279,000, spent 14 days on the market, received 11 offers and just closed for $1,406,000. That puts the price per square foot at $925, and the amount over asking at $127,000. According to MLS, it last sold in 1999 … Continue reading Done Deal In Noe Valley
Need a magnifying glass?
This is why we always recommend you pay close attention to the details of “bay area housing” reports. We see San Francisco exactly as it is…low inventory, prices up. How is that a bad thing? Remember too, the media and other reporters (bloggers) are not representing clients who are getting out-bid, or can’t find a home, on a … Continue reading Need a magnifying glass?
A reader vs. Lembi (David v. Goliath?)
One of our readers, who happens to be a very excellent, savvy, and successful real estate investor, sends us this little message: “I have been out-bid by a substantial margin twice in the last 3 weeks by Lembi. It seems that he will buy anything far above the highest bid and he is not a TIC … Continue reading A reader vs. Lembi (David v. Goliath?)
Stats & Numbers
“The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.” … Continue reading Stats & Numbers
Death, Doom, and Destruction
It’s time. Yes. It’s time we do it. Here you have it. Our top list of Death, Doom and Destruction articles we have found on the web as of late. (Granted, a few glasses of wine have slipped passed security, so you’re catching us at a weak moment.) –Late Mortgage Payments Increase Nationwide [Mortgage Bankers Association] … Continue reading Death, Doom, and Destruction
Done Deal In Pacific Heights
Previously we wondered if House Music can help sell a house. In the case of 2855 Pacific, a 7 bedroom, 6.5 bath Mansion on a very coveted block of Pacific Heights, it appears so. Twelve days on the market, asking price $7.7MM, selling price, not disclosed. But you can bet it was pretty damn close. … Continue reading Done Deal In Pacific Heights
Now we’re talking!….Bernal again.
Yes please. We’ll take two. 3335 Folsom, 3 bed, 2 bath, $1,395,000 in Bernal Heights. [pics and info taken from http://www.talklein.com, a member of sfnewsletter] I, as the editor chose this property as a post because it is just plain sweet. This in NOT a paid advertisement for the listing, nor did Tal ask us to post this. In … Continue reading Now we’re talking!….Bernal again.
“California has a lot of strengths, but even so, we’re seeing more of our young people relocate out of state,”
Very concerning quote indeed. BizJournals Article, but look at the alternatives…Wichita, Kansas? No thanks. 10 Most Affordable Markets-You won’t find us in any of those places. 10 Least Affordable Markets-Guess which city is on top? Damn! How’d you know. [All articles taken from http://www.bizjournals.com…a highly recommended publication!] No they didn’t pay us for that.
Fast Track to Staledom ™
Over on the sfnewsletter we have this little list we call our Stalefish ™. (Properties on the market 100+ days.) Of course there are ways around hitting our list (“Resetting the DOM to sell Stalefish”-sfgate), but generally, we’ll find them. 177 17th Ave. (TIC) is on that list, but if you take a look at a … Continue reading Fast Track to Staledom ™
Score another one for Bernal
Bernal just continues to shine…of course pricing low and having a great kitchen, views, yard, and location help. We present: 26 Samoset, a 3 bed, 1 bath, approx. 950 square feet (according to MLS), asking $699,000, sold for $850,000. Oops! Should have cleaned up this room and maybe $875,000 was in the cards. [pics taken … Continue reading Score another one for Bernal
1277 Arguello (Arguello Penthouse) SOLD!
In another sign of the times, 1277 Arguello (link will expire after 30 days), closed for $1,750,000 after spending 14 days on the market, asking $1,699,000. The place was phenomenal! Anyone who is considering remodeling an old Edwardian building or condo, and might be stumped as to how to “open” it up, create flow, and generally … Continue reading 1277 Arguello (Arguello Penthouse) SOLD!
Pricing and Scoop for 170 Off Third
Follow up to yesterday’s post. Why not start with the name, in case you were wondering. 170 King St., off the third base line or third street, depending on how you look at it. http://www.170offthird.com Two entrances, 170 King, and 177 Townsend (sales office) Database of 4000 “interested” people Fastest selling new development 198 Total … Continue reading Pricing and Scoop for 170 Off Third
1384 Francisco SOLD, and a sign of the times
Three bed, two bath, single family home in the Marina, and apparently not in Liquefaction Zone (per JCP), just sold for $1,851,000. Asking, $1,850,000. Last sold in ’04 for $1,650,000. Great house, great location, good price=excellent deal and happy home owners. We’re seeing a lot less of the crazy overbids, and more of these little … Continue reading 1384 Francisco SOLD, and a sign of the times
Ask an Expert, New Development Condo or Pacific Heights (Mary Fenton)
“I’m thinking of buying either a condo in one of these new high-rise buildings like Infinity, One Rincon, or Soma Grand, but I love Pacific Heights. Where do you think I would get the best appreciation?”-Jacki As answered by Mary Fenton of Sotheby’s International Realty http://www.marylaughlinfenton.com. If you are buying a condo to live in, … Continue reading Ask an Expert, New Development Condo or Pacific Heights (Mary Fenton)