The SF Planning Department just released updated Q3 information regarding the new-housing development pipeline. San Francisco is in the midst of one of its biggest new-housing construction booms in history. (The same is occurring on the commercial development side, but this report won’t deal with that.) Indeed, it often seems that new projects of one … Continue reading San Francisco New-Home Construction Report
Category: real estate
Top Floor Teaser Sells $502,000 Over List | Mission Dolores | Maximum Overbid
Who prices a top floor Mission Dolores 2 bed, 2.5 bath, 1328 square foot condo WITH PARKING, and roof deck, in the epicenter of hip at $998,000 anyway! Everyone knows the going rate is at least $1000 per square foot. Teaser price. Teaser. Anyhow, this week’s top spot on the list of jaw dropping Overbids … Continue reading Top Floor Teaser Sells $502,000 Over List | Mission Dolores | Maximum Overbid
Housing Affordability and Market Corrections
A look at San Francisco Bay Area housing affordability trends over time and how they intersect with real estate market corrections: The 2008 San Francisco Bay Area real estate crash was not caused just by a local affordability crisis: It was triggered by macro-economic events in financial markets which affected real estate markets across the … Continue reading Housing Affordability and Market Corrections
Top 10 Underbids | Would You Believe 20% UNDER Asking In Bernal?
The market is cooler…no doubt.. Is it seasonal, or longer term? Time will tell. As you saw last week, Overbids are still rampant, but more and more emails are coming to me, “Still Available”, “Offers as they come”, “Motivated Seller”, etc. Could we be approaching the year of the buyer? Out of the 10 Underbids … Continue reading Top 10 Underbids | Would You Believe 20% UNDER Asking In Bernal?
In San Francisco $1,810,000 Buys You This
A little cottage all of 1150 square feet with many “period details”, and situated in the heart of Noe Valley, 818 Douglass takes this week’s Maximum Overbid cake, gets $1,574 per square foot, and puts fixers back on top. As for the rest of the top 10 Overbids…here you go: Address BR/BA/Units DOM List Price … Continue reading In San Francisco $1,810,000 Buys You This
Luxury Home Segment Cools | “Affordable” Homes Market Remains Competitive
In case you don’t get sfnewsletter (I posted this there), here is our November 2015 San Francisco Real Estate Market Report, including 11 Custom Charts: ———————————————————— San Francisco led the Bay Area and the nation when its real estate recovery began in early 2012. Within the city itself, the more affluent neighborhoods led the rebound … Continue reading Luxury Home Segment Cools | “Affordable” Homes Market Remains Competitive
Mission To Millennium | SF’s Top 10 Underbids of the Week
The top underbid of the week goes to an Outer Mission single family home that (dare we say) needs a bit of work. Listed for $699,000 and sold for $575,000 after 62 days on the market. According to our data from last week, single family homes continue to take up the majority of the top … Continue reading Mission To Millennium | SF’s Top 10 Underbids of the Week
Agents & Sellers Beware: Fake Buyers in San Francisco
From one of our colleagues in the industry, “Just FYI, I was notified today by another agent who ran into a family of fake buyers. Here’s more info about the fake buyers: They use the name Anna Harrison, phone number 415-200-5532. Jason Torres is the partner and there is an older gentleman claiming to be … Continue reading Agents & Sellers Beware: Fake Buyers in San Francisco
$440,000 Under Asking | Personal Chapel Maybe Included, Wallpaper Definitely
It only took seven months, but in the end, it got there. SOLD for $440,000 UNDER asking! You read that correctly, this 6-bedroom single family home in Mission Terrace at 100 Delano Avenue just closed $440,000 below the original (back in March) asking price of $1,600,000. After a price chop to $1.5, then $1.4, then … Continue reading $440,000 Under Asking | Personal Chapel Maybe Included, Wallpaper Definitely
August Case-Shiller Index | San Francisco Bay Area
The new S&P Case-Shiller Index for August was just released on Tuesday. The prices for homes in the upper third of prices – which dominate in most of San Francisco, central and southern Marin, and central Contra Costa – ticked down a tiny bit in summer, exactly as they did last summer. These short-term fluctuations … Continue reading August Case-Shiller Index | San Francisco Bay Area
Gentrification Of San Francisco | One Perspective
I think it’s important everybody living in and around, moving to and moving from San Francisco watch, and listen to this one point of view as to what is going on in our city. The implications of the insane real estate market that is upon us are real, on all levels. Everybody (not just the … Continue reading Gentrification Of San Francisco | One Perspective
Maximum Overbids Step Aside…Meet The Underbids
For nearly a decade (maybe more), I’ve blogged about overbids. It’s tiring. It’s time for something new. Last week I mentioned condo prices dropping 3% from August to September, and I’m not saying the market is crashing, but you should be aware that not EVERYTHING sells over asking, including the oh-so-rare single-family home. That’s right, … Continue reading Maximum Overbids Step Aside…Meet The Underbids
Active Listings By Price Segment and Property Type
These Broker Metrics charts track weekly number of Active Listings over the past 6 months (early May to mid-October): SFD, under $1m Active Listings – weekly inventory just below 6 month average, about same level as spring, lowest number of active listings since early July. Condo, under $1m Active Listings – autumn inventory levels well … Continue reading Active Listings By Price Segment and Property Type
Maximum Overbid Of the Week | Avenues Getting In the Game
If you price it low enough, like silly low, you can always claim “Sold for $400,000 over asking!” Neighbors, check your mailboxes and get ready for the postcards to arrive any day for this property that sold right along the lines of recent comparable sales. This week’s winner of the top spot on the Maximum … Continue reading Maximum Overbid Of the Week | Avenues Getting In the Game
San Francisco Condo Prices Down 3% Since Month Prior, Up 15% YTD
SAN FRANCISCO CONDOMINIUM PRICES DECLINED 3 PERCENT IN SEPTEMBER FROM PREVIOUS MONTH, UP 15 PERCENT FROM LAST YEAR Resale Inventory Surpasses Two Months of Supply for First Time in Two Years According to The Mark Company Trend Sheet San Francisco – October 14, 2015 – San Francisco condominium prices declined 3 percent from the previous … Continue reading San Francisco Condo Prices Down 3% Since Month Prior, Up 15% YTD
For Sale | 1177 California #304 | Gramercy Towers | Nob Hill, San Francisco
This exquisitely remodeled luxury Nob Hill condominium with views West/Southwest to Twin Peaks & outlooks onto Jones Street, located in the heart-center of San Francisco’s premiere postcard neighborhood is for sale, and you get the first look. Featuring one bedroom, one bath, one car parking, 24/7 attended lobby, pool, spa, workout area, onsite management, a … Continue reading For Sale | 1177 California #304 | Gramercy Towers | Nob Hill, San Francisco