Sometimes It’s All About The Presentation (2825 Pine)

Sometimes It’s All About The Presentation (2825 Pine)

It’s really not the reduction ($155,000 or 9.4%), but rather the fantastic photography and presentation that caught our attention. Not to mention Duke. ∙ Listing: 2825 Pine (4/3) – $1,495,000 Read More »

RealRecentReduction: Previously Featured Edition

RealRecentReduction: Previously Featured Edition

It might not have any views, but we’re still fans of the remodel (especially the “Hers” master bath and French doors off the living room). And after 24 days on the market, we’re now $300,000 (4.2%) closer to being able to afford 2525 Webster. At the other end of the spectrum, and after five months Read More »

A Reader Asks: Average Appreciation In San Francisco?

A gentle reminder that if you have a question or query that’s not directly related to the topic at hand, please just drop us a note (email: questions@socketsite.com). We’ll do our best to address it in a future post (or even answer it directly). That being said, a reader asks: Does anyone know the average Read More »

Actually, They Were The Second

Actually, They Were The Second

A week ago, and based on a tip (thank you!), we alerted you to a “Sales Office Shakeup” and soon to be 3% broker commissions over at the Beacon. Guess you could say it’s been confirmed (thanks to another tipster yesterday). And if you’ve been “plugged in” to SocketSite, you were actually the first to Read More »

We’re In Love (Again)

We’re In Love (Again)

First and foremost, the pictures in the listing don’t do it justice. Not even close. That being said, do you remember what we wrote about 4381 26th Street in Noe? Well, 2645 Baker is that times two. And considering the price is roughly times two as well, it’s probably a good thing. Designed by Peterson Read More »

SocketSite’s Complete Inventory Index (Cii)

SocketSite’s Complete Inventory Index (Cii)

If you’re a regular reader, you probably know that we always include the following caveat on our San Francisco Inventory Updates: “Not including unlisted inventory.” Well, that’s about to change. Over the better part of the past year we’ve been building a database on over 60 new developments ranging in size from 5 to 600 Read More »

235 Berry Street Update: Under 50% Sold?

235 Berry Street Update: Under 50% Sold?

Back in February, it was reported that 60 interested parties participated in a “mini-lottery” for the right to purchase the first release of 20 units at 235 Berry Street. A couple of months later, a second release of around 18 units was reported to have sold out as well. And then in June, six units Read More »

Not Any More (Secret That Is)

Not Any More (Secret That Is)

We’re still trying to figure out how this house can possibly be “discreetly” poised anywhere. (Then again, have you ever noticed it before?) And while we’re really not so keen on the architecture, you can’t beat the vistas, light, and outdoor space. Oh, and the “climate controlled wine storage room with tasting area capacity Read More »

SocketSite’s San Francisco Inventory Update: 9/24/06

SocketSite’s San Francisco Inventory Update: 9/24/06

It has been three weeks since Labor Day and new listings of single family homes, condos, and TICs continue to outpace sales in San Francisco (although the gap has narrowed). Over the past week, roughly 230 new listings hit the MLS and the inventory of Active listed units in San Francisco increased about 2.2%. The Read More »

On The Market, Leverage, And Investing

An excerpt from the weekly report (9/4/06 – 9/10/06) of the President and COO of Coldwell Banker, San Francisco Bay Area: Homes in today’s market are either flat from last year or slightly lower (10% or less). Sellers need to remember that prices went up 50% plus from 2003-2005. A small reduction from the highs Read More »

Broderick Place: 83% Sold

Broderick Place: 83% Sold

From what we’ve been told, 3% deposits have been received on about 58 of the 70 condos that make up Broderick Place. And while it looks like they are now targeting Jan/Feb for initial closings and occupancy, rumor has it that the retail component (which includes a Peets, Faletti Fine Foods, and Da’ Lessio Delicatessen) Read More »

Our Point Exactly

Our Point Exactly

We have a funny feeling that “meanboy” was aiming for sarcasm with his “Quite a reduction” remark (and three comments) over on our “The Cost Coming Down?” post. Regardless, he illustrates one of our points from yesterday quite well. 965 Elizabeth was on the market for 74 days at $1,395,000 before being reduced to $1,195,000. Read More »

Sorry NAR, But No

A year ago we exposed a “dirty little secret of the real estate trade,” relisting to “refresh” a property on the MLS. This afternoon, Inman News delved into the practice: Whether relisting is an acceptable practice that exemplifies creative marketing in a down market — or whether it is a misleading and potentially illegal practice Read More »

Now Serving: The Watermark

Now Serving: The Watermark

What do the The Beacon, the Metropolitan, and now the Watermark all have in common? That’s right, pending litigation courtesy of Patrick Catalano. According to a tipster: A lawsuit was filed against the Watermark on September 14th (case CGC-06-456175). The allegation? You guessed it! Square Footage! Does anyone think is the patron Saint of Read More »

Alamo Square: Five Condos Left?

Alamo Square: Five Condos Left?

The sales office has been turned back in to a condo, and it’s looking like there might be just five of the 63 units left for sale at Alamo Square. At least two of them (#116, #243) have been reduced by $56,000 (8.5%). That’s equal to about 12 years of “pre-paid HOA Dues.” UPDATE (9/22): Read More »