“I enjoy reading your newsletter and your blog. Thanks for all the helpful info. Would you mind helping me better understand Inner Parkside w/respect with the weather? We’re looking at a home on the west side of 16th; does that mean we’re doomed to being shrouded in fog? Also, more importantly, is it virtually impossible … Continue reading Ask an Expert, Inner Parkside Weather (Todd Wiley)
Ask an Expert, Inner Parkside Weather (Eddie O’Sullivan)
“I enjoy reading your newsletter and your blog. Thanks for all the helpful info. Would you mind helping me better understand Inner Parkside w/respect with the weather? We’re looking at a home on the west side of 16th; does that mean we’re doomed to being shrouded in fog? Also, more importantly, is it virtually impossible … Continue reading Ask an Expert, Inner Parkside Weather (Eddie O’Sullivan)
Ask an Expert, Inner Parkside Weather (Alexander Clark)
“I enjoy reading your newsletter and your blog. Thanks for all the helpful info. Would you mind helping me better understand Inner Parkside w/respect with the weather? We’re looking at a home on the west side of 16th; does that mean we’re doomed to being shrouded in fog? Also, more importantly, is it virtually impossible … Continue reading Ask an Expert, Inner Parkside Weather (Alexander Clark)
My client walked…
We just got this over the cyber-waves from one of our members… “Just wanted to let you know that despite the market being ‘down’, my clients just walked from their transaction with a $343,467.89 profit. They bought 4 years ago. That is after deductions they calculated as ‘lost’ for repairs, payments, etc.” Hmmm. [Editor’s note-The transaction was … Continue reading My client walked…
More doom and gloom, but is it the best way to think?
We can’t figure it out. Is the Chronicle reporting locally, or nationally when they’re trying to scare us into thinking all is lost in real estate? Here’s the Headline: “Study expects 1.1 million foreclosures, Those with adjustable mortgages are most likely losers, even with conventional loans.” Read the article here. But hidden way in the … Continue reading More doom and gloom, but is it the best way to think?
Ask an Expert, Height limits Outer Sunset/Parkside (Sven Lavine)
“hello, I recently bought a house in the outer sunset district (48th and Ortega ) of San Francisco. I am trying to figure out exactly what are the building/remodeling restrictions for my zone. Specifically I am interested in finding out about height restrictions, such as building a third story for an ocean view or adding … Continue reading Ask an Expert, Height limits Outer Sunset/Parkside (Sven Lavine)
Ask an Expert, Height limits in Outer Sunset/Parkside (Alexander Clark)
“hello, I recently bought a house in the outer sunset district (48th and Ortega ) of San Francisco. I am trying to figure out exactly what are the building/remodeling restrictions for my zone. Specifically I am interested in finding out about height restrictions, such as building a third story for an ocean view or adding … Continue reading Ask an Expert, Height limits in Outer Sunset/Parkside (Alexander Clark)
Fly on the wall
If I could have been a fly on the wall in this room… Any guesses where it is? Think “Whiplash” and Stalefish ™. The room itself is nothing spectacular, it’s what must have gone down in it that is more intriguing. It could be yours for a cool $12.5 Million.
Public School Assignments are in
So you move to San Francisco, you get out-bid on your first home, then again on your second, and finally you get the home of your dreams, a TIC that just won the condo conversion lottery. You’re excited about the neighborhood, you’ve seen the school down the street, and Wham! Reality hits. Your child might … Continue reading Public School Assignments are in
What’s going down (or up) in Mission Bay
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
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?)
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