“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
Category: market info
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)
170 Off Third Opens Sales Office March 10th, at 11 a.m.
Rolling out the red carpet this weekend is 170 Off Third, yet another new condo development South of Market. Sales office opens at 11:00 a.m., located at 177 Townsend. Amenities: -Club room with screening theater and chef-grade kitchen -Outdoor barbeque area -Roof deck with city views -Fitness Center -Sun deck and lap pool -Landscaped courtyard … Continue reading 170 Off Third Opens Sales Office March 10th, at 11 a.m.
In case you missed it, some STATS & NUMBERS
Tuesday, Feb. 27, 2007C.A.R. reports sales decrease 12.6 percent in January, median price of a home in California at $559,640, up 1.9 percent from year ago LOS ANGELES (Feb. 27) – Home sales decreased 12.6 percent in January in California compared with the same period a year ago, while the median price of an existing … Continue reading In case you missed it, some STATS & NUMBERS
Follow up to follow Up to 300 Sea Cliff at $25,900,000
A couple days ago, we went into the home and gave you our brief take on it. A reader commented about the numbers ($18mm purchase price, $8mm renovation) not adding up, so we’ve done some digging. Our friends at Property Shark will be providing some information shortly, but for now we can tell you … Continue reading Follow up to follow Up to 300 Sea Cliff at $25,900,000
McGoldrick Strikes…well, not gold, that’s for sure
Update: Pay close attention to this statement “2 or more units built on one lot OR on adjacent lots”. We are checking with our sources to translate what exactly that means. Answers Supervisor McGoldrick is now proposing to include ALL housing developments in the Residential Inclusionary Affordable Housing Program. That means that all projects from a … Continue reading McGoldrick Strikes…well, not gold, that’s for sure
The Skinny on the Grand (Soma Grand)
There’s been a lot of chatter about this property and all the new developments popping up in SoMa, Mission Bay, South Beach, Rincon Hill, etc., so we’re going to tell you what we know about the Soma Grand. We actually know A LOT more than what we’re printing, but we’ve promised not to disclose certain … Continue reading The Skinny on the Grand (Soma Grand)