A Plugged-In Reader’s Report: Crime Starts Hitting Closer To Home

A plugged-in reader reports: I was in Baretta restaurant on 23rd and Valencia last night while it was robbed at gunpoint. The gunman had us all lie on the floor and look down. He proceeded to rob the till. Very scary stuff. I know of a recent home invasion... Read More »

Transit Center District Plan Workshop: Initial Ideas Tonight (4/30/08)

Transit Center District Plan Workshop: Initial Ideas Tonight (4/30/08)

Via San Francisco’s Planning Department: In late 2007 the Planning Department began a planning effort for the southern portion of downtown San Francisco in the vicinity of the Transbay Transit Center. The Plan is considering increasing development capacity around the improved regional transit facility to support transit usage and... Read More »

A Total Noe Fixer/Tear-Down (For A Little Less Than Two Years Ago?)

A Total Noe Fixer/Tear-Down (For A Little Less Than Two Years Ago?)

It’s a “total fixer” or “tear-down” which makes pricing a bit tricky as “potential” value is not only in the eyes, but also the hands of the beholder. That being said, over in Noe Valley 1409 Sanchez was briefly in contract this past January when listed for $1,100,000. After... Read More »

Apparently The Market Couldn’t See Past The Paint (Or Could It?)

Apparently The Market Couldn’t See Past The Paint (Or Could It?)

The original (and still active) listing photos for 402 Sanchez: Above The new price: $1,234,050 (previously $1,299,000, originally $1,350,000) The new notes: “Interior has been repainted with neutral colors” and “Now on lockbox!” The last pre non-neutral paint and remodel sale: $1,200,000 (on 10/24/2006) ∙ Listing: 402 Sanchez (2/2)... Read More »

Perspective On California Foreclosures And The Current Housing Cycle

Perspective On California Foreclosures And The Current Housing Cycle

Get over the source of the graph (Bubble Markets Inventory Tracking) and the fact that the epicenter of foreclosure activity is centered down south (at least currently), it’s still relevant perspective regarding this housing cycle (and at some level will most likely matter to you). And while foreclosures did... Read More »

Being Median In San Francisco Doesn’t Afford Anyone Much Of A Home

According to the California Franchise Tax board, the median household income for married couples filing joint returns in the county of San Francisco was $71,529 in 2006. That’s 22% less than in Contra Costa, 33% less than in San Mateo, and 63% less than in Marin. And assuming a... Read More »

Building Permit Fees To Increase, But Process To Be Streamlined

Assuming the San Francisco Board of Supervisors approves the latest proposal from the Building Inspection Commission, building permit fees in San Francisco will increase (but hardly “soar”) within the next five months. Under the new fee proposal, the price for a basic electrical-permit fee for a bathroom or kitchen... Read More »

February S&P/Case-Shiller: San Francisco MSA Decline Accelerates

February S&P/Case-Shiller: San Francisco MSA Decline Accelerates

According to the February 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 5.0% from January ’08 to February ’08 and are down 17.2% year-over-year. For the broader 10-City composite (CSXR), year-over-year price growth is down 13.6% (having fallen 2.8% from January). For... Read More »

Yes, The Greater California Housing Market Does Matter To You

“Gov. Arnold Schwarzenegger said Monday that California faces a budget gap that could approach $20 billion through June 2009, a dizzying projection that adds further confusion to the depth of California’s financial crisis.” “The estimated gap for the fiscal year that begins July 1 already has prompted talk in... Read More »

The SocketSite Scoop On One (1) Ecker Place: Going Condo Rental

The SocketSite Scoop On One (1) Ecker Place: Going Condo Rental

From a plugged-in tipster: One Ecker is going the route of Apartments. After pre-selling 10 of 51 units, the building refunded deposits and is going to rent instead of sell. No word on the proposed rents nor whether or not the official explanation will be unexpected strength in the... Read More »

High Crime Rates Are One Thing, Random Muggings Quite Another

While the Chronicle reports a recent spike in Glen Park and Bernal Heights muggings, according to a couple of plugged-in tipsters and local residents the rash of armed robberies (often at the end of a shotgun) have been going for months (not weeks). ∙ Muggings spike in Glen Park,... Read More »

SocketSite’s San Francisco Listed Housing Inventory Update: 4/28/08

SocketSite’s San Francisco Listed Housing Inventory Update: 4/28/08

Inventory of Active listed single-family homes, condos, and TICs in San Francisco increased 5% over the past two weeks and is currently running 36% higher on a year-over-year basis. Keep in mind that our listed inventory count does not include listings in any stage of contract (even those which... Read More »

Don’t Confuse The Market’s “Appreciation” With Ours: 2140 Bush #5

Don’t Confuse The Market’s “Appreciation” With Ours: 2140 Bush #5

While we featured 2140 Bush Street #5 two years ago when it was listed for $1,195,000, the fact that it’s back on the market today for $1,695,000 doesn’t actually speak to market appreciation (think complete overhaul and another aspect of “mix”). The higher resale price will, however, contribute to... Read More »

Symphony Towers: 65% Sold / “Penthouse” Release This Weekend

Symphony Towers: 65% Sold / “Penthouse” Release This Weekend

According to the sales office, Symphony Towers is currently 65% sold (or in contract), 50% occupied, and will be releasing their “penthouse” units this weekend. That’s roughly 26 net new sales over the past four months with 46 left to move. And while we missed it when it was... Read More »

It’s Already Been Remodeled (And Yet We’re Still Seeing The Bones)

It’s Already Been Remodeled (And Yet We’re Still Seeing The Bones)

Frederick Meyer designed, solar panels added, and a little leaded glass sprinkled throughout. It’s a nice combination. And not that it’s not already livable (or for that matter remodeled), but we find ourselves focused on the bones and fantasizing about a high-end New York (life) style rebirth. ∙ Listing:... Read More »