Coming Soon: A Noe Valley “Masterpiece In Progress” (625 Duncan)

Coming Soon: A Noe Valley “Masterpiece In Progress” (625 Duncan)

According to its website, 625 Duncan is “a masterpiece in progress” and “estimated to be marketed in Fall 2008.” Four bedrooms, four and one-half baths, and a one bedroom apartment. And the anticipated asking price? $6,250,000 (only slightly below that of the record seeking 3816 22nd Street). We’ll keep... Read More »

Mini Meltdown At The Metropolitan? (333 1st Street #N1906)

Mini Meltdown At The Metropolitan? (333 1st Street #N1906)

According to the listing, 333 1st Street #N1906 is now a bank owned studio at the Metropolitan with an asking price of $399,000. And while according to Redfin the 506 square foot #N1906 sold for $885,000 on May 30, 2008 (which doesn’t quite pass our smell test even assuming out-and-out mortgage fraud), according to the Read More »

SocketSite’s San Francisco Listed Housing Inventory Update: 6/30/08

SocketSite’s San Francisco Listed Housing Inventory Update: 6/30/08

Inventory of Active listed single-family homes, condos, and TICs in San Francisco decreased 1.4% over the past two weeks and is currently running 34% higher on a year-over-year basis. We still haven’t seen a significant post Memorial Day bump in inventory and new listing volume is down on a year-over-year basis, but sales volume has Read More »

Tomorrow Night At The Commonwealth Club: Buy, Sell Or Wait 2008

It’s another real estate redux (Buy, Sell or Wait, Part II: Real Estate in the Bay Area 2008). It’s another great panel: Joseph Perkins, President and CEO, Home Builders Association of Northern California Rich Arzaga, Financial Planner; Professor, Real Estate Investment, UC Berkeley Extension Tom Davidoff, Assistant Professor of Real Estate, UC Berkeley Haas School Read More »

From Our Word On The Street To Officially On The Market: 2820 Scott

From Our Word On The Street To Officially On The Market: 2820 Scott

It’s been almost two months since we let our readers know that while not officially on the market 2820 Scott Street (a.k.a. the 2008 Decorator Showcase House) could be yours for “an offer north of $29,000,000.” And today, it’s officially on the market (although not on the MLS) with an asking price of $29,500,000. It’s Read More »

San Francisco Magazine Is Plugged-In (Not That They Weren’t Before)

San Francisco Magazine Is Plugged-In (Not That They Weren’t Before)

Our thanks to San Francisco Magazine for identifying SocketSite as one of the 217 best things about the Bay Area in 2008 (“Best Source For Real Estate Info”). And while we’re officially biased, great party last night (and even greater cause). ∙ San Francisco Magazine: Best Source For Real Estate Info ∙ Family House Read More »

They’re Not Building Any More Land Condos Across The Bay

“Oakland’s condo building boom has ground to a near halt. While construction has continued on existing projects, Patton said no new projects have broken ground during the first half of 2008. A June report on the East Bay condo market from the Mark Co. lists at least a dozen projects slated to begin construction in Read More »

Soma Grand (1160 Mission) BMR Applications Are Now Available

Applications are now available for the 29 Below Market Rate (BMR) condos at Soma Grand. Seventeen one-bedrooms ($217,868 – $221,698), eleven two-bedrooms ($240,266 – $246,664), and one three-bedroom ($275,739). All prices exclude parking (spaces available for an additional $45,000). These are “100% of 2007 HUD Unadjusted Area Median Income” units, so household incomes can not Read More »

Incentives In San Francisco: They’re Not Just For Condos Anymore

According to J.K. Dineen, half a million square feet of unneeded office space in San Francisco has returned to the market over the past few months. And if you’re trying to time the market with respect to a move, the next 18-24 might be a good time to act. While many landlords still resist lowering Read More »

The SocketSite Scoop On 900 Folsom/260 Fifth: Condo Idol Comes!

The SocketSite Scoop On 900 Folsom/260 Fifth: Condo Idol Comes!

Avant Housing, a joint venture between AGI Capital and TMG Partners, has launched a website providing some unique insight into the development process and soliciting community feedback for a trio of interconnected buildings in the works at 900 Folsom/260 Fifth Street. The two adjacent parcels at 900 Folsom Street and 260 Fifth Street are the Read More »

The First “Official” Resale At One Rincon Hill Closes Escrow: #2202

The First “Official” Resale At One Rincon Hill Closes Escrow: #2202

With only six days between its listing for $1,300,000 and closing escrow, it’s probably fair to assume an offer was in hand prior to hitting the MLS. That being said, the sale of 425 First Street #2202 officially closed escrow on 6/24/08 with a reported contract price of $1,300,000. And as far as we know, Read More »

U.S. Home Resales Up But Remain Off (As Do Mortgage Applications)

While previously owned U.S. home sales ticked up two points in May to an annualized rate of 4.99 million sales, on a year-over-year basis sales remain off by 16 percent, the median sales price dropped 6.3%, and the increase is compared to the month prior which “matched a record low for existing home sales.” A Read More »

Behind The Great Wrought Iron Wooden Gate At 830 El Camino Del Mar

Behind The Great Wrought Iron Wooden Gate At 830 El Camino Del Mar

While 300 Sea Cliff is withdrawn, 830 El Camino Del Mar is listed around the bend. And if you’ve always wondered what’s behind that great wooden gate, here’s a chance to peek inside (and if you’ve actually been inside, here’s a chance to tell your tale). Sure, $18,000,000 might seem a bit pricey for only Read More »

California Sues Countrywide (And Who Do You Think Might Pay?)

As Countrywide’s shareholder’s approved Bank of America’s takeover offer, California and Illinois filed suit against the mortgage lender for “luring borrowers into risky loans they couldn’t afford.” Countrywide and Chief Executive Officer Angelo Mozilo were named in the suits, filed today, claiming the lender’s tactics led thousands of borrowers to lose their homes when they Read More »

Below Some Expectations (But Not If You’re Dan): 1635 Castro Closes

Below Some Expectations (But Not If You’re Dan): 1635 Castro Closes

First on the market for $1,595,000 but quickly reduced to $1,495,000 (at which point a few expected it to fly), and then to $1,400,000 (“The deal of the year!”), 1635 Castro Street closed escrow yesterday with a reported contract price of $1,350,000. Hats off to Dan who was on the record a month ago with Read More »