The Sun Sets Over San Francisco (And This Week At SocketSite HQ)

The Sun Sets Over San Francisco (And This Week At SocketSite HQ)

The sun sets over San Francisco as seen from the 23rd floor of One Rincon Hill. Have a great Memorial Day weekend. And safe travels if you are (traveling that is). ∙ Trying To Establish The True Secondary Resale Market: One Rincon Hill Read More »

The Holy Hotness Of Firehouse 44 (3816 22nd Street) Hits The Market

The Holy Hotness Of Firehouse 44 (3816 22nd Street) Hits The Market

Of course plugged-in people already know its history, knew it was coming, and had an idea of what to expect. And now it’s here. The most striking element of the renovated Firehouse 44: a “4-story glass and reclaimed lumber staircase atrium.” And if 3816 22nd Street (a.k.a. Engine Company... Read More »

The Apple Of The Day: Single-Family In Cow Hollow (3035 Scott)

The Apple Of The Day: Single-Family In Cow Hollow (3035 Scott)

Assuming our plugged-in tipster is correct (it’s currently “pending” on the MLS), 3035 Scott Street has closed escrow with a contract price of $2,820,000 (5.8% under asking). Purchased for $2,625,000 in October of 2005, a sale at $2,820,000 represents average annualized appreciation of 2.8% over the past thirty months... Read More »

Trinity Place: A Few New Perspectives On What’s In The Works

Trinity Place: A Few New Perspectives On What’s In The Works

A tipster directs us to a few new Trinity Place renderings. The portion that’s currently under construction outlined in blue above. And that’s the whole shebang below. Read More »

Trying To Establish The True Secondary Resale Market: One Rincon Hill

Trying To Establish The True Secondary Resale Market: One Rincon Hill

While the sales office at One Rincon Hill has reported great success in reselling cancelled contracts (as well as increased prices), with at least twenty five units now available for sale or assignment outside of the sales office, the true secondary market for units at One Rincon Hill is... Read More »

Can Bank Owned Comps Kill (Values)?  246 2nd Street #502 Returns

Can Bank Owned Comps Kill (Values)? 246 2nd Street #502 Returns

Two months ago we noted the “Newest Comp For A Two-Bedroom Condo At 246 2nd Street” when the bank owned #1302 closed escrow with a reported contract price of $775,000 (roughly $125K below what #902 sold for late last year and exactly $220K below what the seller of #502... Read More »

Perhaps It Wasn’t Just Marketing: 1635 Castro Sheds Another $100K

Perhaps It Wasn’t Just Marketing: 1635 Castro Sheds Another $100K

If you liked it or expected it to fly at $1,495,000, perhaps you’ll love it or really expect it to fly at $1,400,000. The latest listing language for 1635 Castro: “The deal of the year!” ∙ Listing: 1635 Castro (3/2) – $1,400,000 ∙ It Might Just Be Marketing,... Read More »

Proposition 98: An Interesting Perspective And Opportunity For “Play”

As we wrote two months ago: Proposition 98 would prohibit the use of eminent domain for private development and phase out rent control, while the competing Proposition 99 would simply prohibit the use of eminent domain on single-family homes and condominiums. As a reader writes today (or rather yesterday):... Read More »

Two Apples Get Picked In May: 2021 Webster And 1024 Sanchez

Two Apples Get Picked In May: 2021 Webster And 1024 Sanchez

After almost ten months on the market, 2021 Webster closed escrow yesterday (5/20/08) with a reported contract price of $2,425,000. And while that’s 30.6% under what was originally being asked, it’s also 5.7% over what was paid for the property on 1/27/07 ($2,295,000). The sale represents annualized appreciation of... Read More »

Keller Williams HQ For Sale (1500 Franklin), Franchise To Follow Suit?

Keller Williams HQ For Sale (1500 Franklin), Franchise To Follow Suit?

The for sale signs have been hung on 1500 Franklin, home to Keller Williams Realty in San Francisco. And if our tipster is correct, the franchise (in San Francisco) is soon to follow suit (if it hasn’t already). Read More »