Third Time (And 50% Off) Is Definitely A Charm

Third Time (And 50% Off) Is Definitely A Charm

A reader’s tip (thank you!) led us to dispatch a team to 2257 Green Street for this morning’s broker’s tour. We’re not sure if it was the free catered brunch, the property itself (gorgeous views and a fantastic remodeling), or the fact that the listing price has just been... Read More »

Single Price Reductions Are Just So Early January

Single Price Reductions Are Just So Early January

Guessed wrong Overly optimistic about the value of your listing? You’re not alone. Looks like “Second Price Reductions” might be a growing trend as you can add 897 Hayes Street (reduced $200K and advertising: “Second Price Reduction – – Bring all offers”) to the list. ∙ Listing: 897 Hayes Street – $1,095,000 Read More »

Update: 2918-2924 Pine Street Price Reduction

The information continues to flow with regard to the recent price reduction of 2918-2924 Pine Street. Apparently it was Hill & Co. that lost the listing, and this is actually the second time the price has been reduced (from an original $1.6m). Despite what the listing advertises, it’s now a $300k (19%) reduction off the Read More »

As The Tide Turns Down South

After years of pointing to skyrocketing sales and price data to hype the market, the Santa Barbara Association of Realtors is now taking the fifth as the market has turned less favorable for the group. From the Santa Barbara News-Press: “Over the past several years, the News-Press has obtained sales and median price data for Read More »

Another Broker Kicked To The Curb

2918-2924 Pine is back on the market with a new broker, and a new price to match. The property is now listed at $1.3M, a $250K (16%) drop from the original asking price of $1.55M. And insiders tell us that the owners walked away from a below asking offer late last year. ∙ Listing: 2918-2924 Read More »

FSBO: 1551 Filbert

FSBO: 1551 Filbert

A beautiful renovation, great use of space, and fantastic location…but asking ~$750/sqft is definitely pushing the envelope for TIC units (yes, even with the pre-installed plasmas). Maybe if they had one of those fancy websites… Be sure to report back if you stop by the open house this weekend (Sunday, 2-4 PM). ∙ Listing: 1551 Read More »

RealRecentReductions: 1914 Greenwich Street

RealRecentReductions: 1914 Greenwich Street

“Reduced $155K – Look Again” the listing begs (that’s a discount of 6.6% on a new listing price of $2.195m). The house is in a great location, and it’s spacious, but it still needs a lot of updating (just take a look at the kitchen). And only one parking space? ∙ Listing: 1914 Greenwich Street Read More »

A Reader Request

A reader writes: “was just curious if you knew what the legal ramifications will be when all these people who have a mortgage in common through a TIC find themselves upside-down?” Any readers care to comment before we share our two cents? Read More »

December Prices and Sales Fall In San Francisco

The California Association of REALTORS® (C.A.R.) reports that both prices and sales of single family homes fell this past December in the San Francisco Bay Area. According to C.A.R., the median sales price fell 1.4% while sales volume fell 9.8% from the month prior (down 14.2% from December 2004). As it stands, year-over-year price appreciation Read More »

Not A List We Really Wanted To Make

Business 2.0 has just released their list of 101 Dumbest Moments in Business for 2005. And we’re not too thrilled to report that the San Francisco Bay Area real estate market made the list. Coming in at number 67: 67. Can’t keep up with the Joneses? Heck, it’s bad enough just trying to keep up Read More »

NOPNA Is In The House

The North of Panhandle Neighborhood Association (NOPNA) announces “the first of a series of Community Meetings to discuss the Future of the Lower Divisadero Commercial District (approximately between Haight and Eddy).” This first meeting will be held at 6:30 PM on Wednesday, February 8 at the CPMC Davies Hospital Auditorium, 45 Castro Street, North Tower, Read More »

Inconceivable!

The listing for 66 Cleary Court #708 reminds us of that immortal quote from Inigo Montoya in The Princess Bride: “You keep using that word. I do not think it means what you think it means.” This listing touts a “$24K drastic price reduction!” on a listing price of $675k. That’s right, a “drastic price Read More »

2967 Pine Street: New Broker, New Price

2967 Pine Street: New Broker, New Price

It might be listed as “On Tour as New”, but we know better. 2967 Pine Street is back on the market with a new broker and a new price. Apparently Sotheby’s has been kicked to the curb (the property is now listed with Brown & Co.), and the price has been reduced $225k (it was Read More »

We’re Still Not Moving To Texas

Local Market Monitor, a real-estate market research provider, estimates that the San Francisco/Oakland real estate market is overvalued by 53%. “The level of over-valuation matters in three ways, according to Ingo Wenzer, president of Local Market Monitor. The higher it is, the greater the risk of it correcting; the greater the correction can be; and Read More »

Declining Sales (And Prices) In December

Declining Sales (And Prices) In December

According to DataQuick and the Chronicle, Bay Area single-family home sales were down 15.5% compared to December 2004 and the median sales price dropped 3.5% as compared to November 2005. It should be interesting to see what The California Association of Realtors reports on January 25th. Slowing sales, increasing inventories, and falling prices in the Read More »