Scary Math…Indeed

Recently ran across this article on CNN, 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?)

Ask an Expert, to rent or not (this is a doozy)

“I recently purchased a building consisting of two flats. I did a quick refurbishment of the interior and currently need to find tenants. HOWEVER, I may end up doing something vastly different with the property in the near future. As such, I can’t offically rent out the units under a contract because I may need … Continue reading Ask an Expert, to rent or not (this is a doozy)

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

You on the list?

Who’s going to take the cake for buying up all the multi-unit in the city?  Of course they don’t give an award for that, but they should.  Know the answer? Here’s a hint, it kind of rhymes with Bambi, and a previous post, Word on the multi-family street, could provide a clue. When: Thursday, March 22, … Continue reading You on the list?

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, 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.

Ask an Expert, Is it worth the money in Inner Parkside?

Because of the length of this question, we are not going to do individual posts for each reply.  We will list the question above and each experts answer below.  Thanks, sfnewsletter “What do you think of a property like this? We checked out the open house on Sunday: MLS Listing #320874 Listing #320874 $898,000 (LP)Price/SqFt:  … Continue reading Ask an Expert, Is it worth the money in Inner Parkside?

“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…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!