This question came to me from Sophie, a very avid reader of both theFrontSteps and the sfnewsletter. I’m hoping we can provide some insight. Dear Alex, I’m very puzzled by something that happens more often than I can understand in the SF market. Why would ANY party agree to an off-market deal? (VIP houses put … Continue reading Stump the Stammtisch: Why do an off-market deal?
Category: theFrontSteps
San Francisco Foreclosures UP!!!!!
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!!!!!
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
Battle Royale: Hayes Valley or Haight Ashbury, if you had to choose
We’ve been having lots of fun with the other Battles: Outer Richmond v. Outer Sunset and Pacific Heights v. Marina, so today we give you Hayes Valley or Haight Ashbury. The choice is yours. As always, we provide the data, and hope you provide the insight. Have fun. Sorry for the tech difficulties, it’s not … Continue reading Battle Royale: Hayes Valley or Haight Ashbury, if you had to choose
Marketplace Updated
In case you haven’t checked it out yet, I have started a little Marketplace for myself, and my colleagues to do a little promoting. I will not be posting those items here, but I will periodically be doing little posts like this to remind you all about it. It’s what puts food on the table, … Continue reading Marketplace Updated
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…
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
comment du jour: 520 Clipper and being “green”
We get such a kick out of some of the comments that go un-noticed, we thought we’d grab a few from time to time. Today’s “quote du jour” comes from Joe Schmoe on “Go Green” regarding the Lorax Development Clipper House. Important to note before you see the quote, this home had features like “the … Continue reading comment du jour: 520 Clipper and being “green”
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
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)
Market Update
by Alexander Clark via sfnewsletter charts, data, and trends The negative reports about our market continue to bombard us and are definitely taking their toll on many people and transactions. However, like always, it’s not as bad as it is made out to be. Here is a list of all the properties that went into … Continue reading Market Update
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)
Tour de San Francisco (real estate)…Miraloma Park
Once again we defer, or refer, you to sfnewsletter’s Tour de San Francisco (real estate) and their look at Miraloma Park. It is your best source for information regarding San Francisco’s micro-markets. Enjoy! –Tour de San Francisco (real estate) [sfnewsletter]
The legwork of hiring the right contractor
by Rik Goodell Given the elusive market conditions (by “elusive” I mean that no one, including me, really seems to be able to decide what to call it) many owners are likely to be remaining owners – rather than sellers – for the time being. Owners that need more space or a better space, may … Continue reading The legwork of hiring the right contractor