July S&P/Case-Shiller: Pace Of San Francisco MSA Decline Continues

July S&P/Case-Shiller: Pace Of San Francisco MSA Decline Continues

According to the July 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 1.8% from June ’08 to July ’08 and are down 24.8% year-over-year (once again, a new record low). For the broader 10-City composite (CSXR), year-over-year price growth is down 17.5%... Read More »

What To Do When Incentives Don’t Work? (Lower Prices Perhaps?)

From Bloomberg: “The industry will ask lawmakers to pass a $15,000 tax credit for all homebuyers, replacing a smaller incentive enacted earlier this year that they contend failed to stimulate demand.” From the chief executive officer of the National Association of Home Builders: “Our members are really hurting…The... Read More »

A Listed Infinity Resale (301 Main #4B) And Reader’s Report On Sales

A Listed Infinity Resale (301 Main #4B) And Reader’s Report On Sales

As a number of readers and tipsters have noted alike, 301 Main Street #4B (a lower floor two-bedroom resale in The Infinity) has hit the MLS and open house parade. According to one tipster the asking price of $1,499,000 ($826/sqft) is “more than the current owner paid,” but unfortunately... Read More »

A Quick Cut (And Case Of Cash Back?) For 310 Townsend #308

A Quick Cut (And Case Of Cash Back?) For 310 Townsend #308

Priced by the developer at $611,000 when the building first opened in February of 2007, 310 Townsend #308 closed escrow in June of 2007 with a reported contract price of $617,500 (no word on whether we’re talking upgrades or another case of “cash back”). Back on the market two... Read More »

$700 Billion Bailout Breaking News: Round One Rejected By The House

“The fate of a controversial $700 billion financial bailout plan was in doubt Monday as a House vote turned against it. The next steps were not immediately clear but supporters were scrambling to put it up for another vote.” “The measure needs 218 votes for passage. Democrats voted 141... Read More »

We Are Suckers For “Grandeur & Old World Charm” (2860 Pierce)

We Are Suckers For “Grandeur & Old World Charm” (2860 Pierce)

Like there’s any chance we could pass up “grandeur & old world charm” or to sneak a peek inside. Unfortunately it’s not entirely “old” (or charming). Designed by Albert Schroepfer (of Dunn & Schroepfer) circa 1931, it’s one parcel with two properties (a 7,000 square foot single-family (2860 Pierce)... Read More »

Joint Giants/Kenwood Proposal For SWL 337 Into Extra Innings

After deciding to jointly pitch the development San Francisco’s Seawall 337 last month, the San Francisco Giants and Kenwood Investments requested and received a 30-day extension to submit a new proposal. And while the new deadline was set for Friday, another extension was requested (60 days) and received (45... Read More »

SocketSite’s San Francisco Listed Housing Inventory Update: 9/29/08

SocketSite’s San Francisco Listed Housing Inventory Update: 9/29/08

Inventory of Active listed single-family homes, condos, and TICs in San Francisco continued to climb over the past two weeks, briefly broke through the 1,700 units mark, and is currently running 14.2% higher on a year-over-year basis. At the same time and based on our calculations, the number of... Read More »

152 Banks In Bernal Heights Reduced (And Not Moving So Fast)

152 Banks In Bernal Heights Reduced (And Not Moving So Fast)

To recap: 152 Banks in Bernal Heights was purchased for $675,000 in July of 2005; sold in April of 2006 for $900,000; appears to have been bought back by the bank three weeks ago; and returned to the market two weeks ago for $749,900 (“will go fast at 750K”... Read More »

San Francisco Rising And A Fresh Perspective On Millennium Tower

San Francisco Rising And A Fresh Perspective On Millennium Tower

A plugged-in tipster passes along a few shots of San Francisco rising (with room to grow). And a fresh perspective on Millennium Tower (real not rendered). ∙ Four Views From Atop San Francisco’s Topped-Off Millennium Tower Read More »

One Day On The Market (But You Might Have Seen This View Before)

One Day On The Market (But You Might Have Seen This View Before)

Five months ago 175 Grand View Avenue hit the market with a list price of $1,200,000. Reduced to $1,149,000 a month later (“New price! Condo alternative!”), and then to $1,090,000 about a month after that, it’s now back on the MLS with a new listing, one official day on... Read More »

It’s Friday And We Can’t Pass Up A Pretty Face Façade

It’s Friday And We Can’t Pass Up A Pretty Face Façade

No real story that we know of (readers?), but it’s Friday and we simply couldn’t pass up the Colonial Revival façade. And yes, we’re choosing to ignore the buildings on either side. ∙ Listing: 1612 Vallejo (4/3) – $2,395,000 Read More »

If Only Averages And Appreciation Were The Same Thing

If Only Averages And Appreciation Were The Same Thing

93 San Pablo Avenue is a 1927 Tudor on the outside, but now bit more modern within. Purchased as a fixer for $1,260,000 seven months ago and completely overhauled, it’s no where near being an apple. Its sale, however, will boost the average sales price in the neighborhood (asking... Read More »

398 Eureka Officially Priced ($2,450,000) And Additional Photos Online

398 Eureka Officially Priced ($2,450,000) And Additional Photos Online

398 Eureka has officially been priced and hit the MLS with additional photos. Asking $2,450,000 (right in line with what a plugged-in Jim had heard). ∙ AIA Tour (And Architect’s) Home Hitting The Market: 398 Eureka Read More »

Not A Perfectly Clean Apple In Bernal, But You’ll Get The Gist

Not A Perfectly Clean Apple In Bernal, But You’ll Get The Gist

After three weeks on the market the list price for 22 Coleridge on the edge of Bernal has been dropped from $599,000 to $587,000. Purchased in April of 2005 for $607,000. Unfortunately it’s not a perfectly clean “apple” as the kitchen was completely renovated in 2006 (new cabinets, appliances,... Read More »