Warm Thoughts Of A Traditional Thanksgiving Dinner (2008 Edition)

Warm Thoughts Of A Traditional Thanksgiving Dinner (2008 Edition)

We’re making it Thanksgiving time tradition: a recent reduction (listed on 11/06 for $1,175,000, reduced to $1,098,000 on 11/21) and a gorgeous old stove. Here’s to hoping your pantry is plentiful along with your family and friends. Safe travels if you are (traveling). And we’ll see you next week.... Read More »

New Woodwork (And Price?) To Rival That Of Old: 3960 20th Street

New Woodwork (And Price?) To Rival That Of Old: 3960 20th Street

The woodwork (“vertical grain fir to complete the turn-of-the century craftsman design”) caught our fancy. Was the recent reduction (from $2,295,000 to $1,995,000) enough to catch yours? ∙ Listing: 3960 20th Street (4/3.5) – $1,995,000 Read More »

The SocketSite Penthouse Plan Challenge: From At To Over The Top

The SocketSite Penthouse Plan Challenge: From At To Over The Top

As if the floor plan and 3D rendering submitted by the Lifebox, Steel Blue and NEORAMA team to our unofficial One Rincon Hill penthouse challenge weren’t enough, they’ve taken it upon themselves to render the penthouse design as a slice of the building. And with that we’ve officially moved... Read More »

Behind The Facade And Renovation Of 224 Mississippi (But NFS)

Behind The Facade And Renovation Of 224 Mississippi (But NFS)

Not for sale, but a chance to peek behind the facade and renovation of 224 Mississippi. ∙ Batles’ Potrero Hill home echoes the past Read More »

Eastern Neighborhoods/Candlestick Plans Yea! (Mirant Retrofit Nea!)

Eastern Neighborhoods/Candlestick Plans Yea! (Mirant Retrofit Nea!)

It was a busy week for the San Francisco Board of Supervisors as the Eastern Neighborhoods plan was unanimously approved as lending, new development and sales across the City continue to slow down. The financial plan for Lennar to develop Candlestick Point was approved 10-1 (with only Supervisor Daly... Read More »

New S&P/Case-Shiller Condo Price Index: San Francisco MSA Falling

New S&P/Case-Shiller Condo Price Index: San Francisco MSA Falling

According to the newly released S&P/Case-Shiller Condo Price Index, condo values in the San Francisco MSA fell 3.3% from August ’08 to September ’08, are down 15.0% on a year-over-year basis, have fallen 17.2% from a high in October 2005, and have dipped below levels last seen in October... Read More »

It’s Like The Fed (And Taxpayers) Just Bought You A Couple Of Points

“U.S. mortgage rates fell more than three-quarters of a percentage point today after the Federal Reserve said it will buy as much as $600 billion of debt.” ∙ U.S. Mortgage Rates Fall on $600 Billion Fed Plan ∙ As Lenders (And Consumers) Hoard, The Fed Commits Another $800B... Read More »

A Pacific Heights Apple Up In The Tree: 2155 Buchanan #9

A Pacific Heights Apple Up In The Tree: 2155 Buchanan #9

Top floor, corner, renovated, parking and in Pacific Heights. Purchased for $1,000,000 (said with best Dr. Evil accent) in June of 2006, listed for $950,000 last week, and into our apple cart it’ll go. Make the call before it closes escrow or forever hold your peace. UPDATE: And for... Read More »

Early San Francisco Sales Numbers For November: Down Almost 50%

Early San Francisco Sales Numbers For November: Down Almost 50%

Last week we calculated a 38% single week decline in San Francisco listed sales volume with inventories up 28.4% year-over-year. And now according to a plugged-in reader, listed sales volume in San Francisco for the month of November is currently running 47% lower on a year-over-year basis based on... Read More »

Did We Mention How Much That Third Party Matters?

Did We Mention How Much That Third Party Matters?

From the plugged-in listing agent for 835 Foerster: We received an offer several months for $855,000. It took months to negotiate this sale price with the lenders (both a 1st and a 2nd), not to mention other costs such as back taxes, expenses, commissions, etc., etc… The lenders... Read More »

“Foreign Buyers” Never Materialized And Now Tourist Dollars Decline

“The dollar’s resurgence, as well as a drop in home and stock values outside the U.S., will discourage foreign shoppers into next year as the global financial crisis intensifies, said. He estimates sales will decline 8 percent at Tiffany’s Fifth Avenue store... Read More »

September S&P/Case-Shiller: San Francisco MSA Decline Continues

September S&P/Case-Shiller: San Francisco MSA Decline Continues

According to the September 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 3.9% from August ’08 to September ’08 and are down 29.5% year-over-year. For the broader 10-City composite (CSXR), year-over-year price growth is down 18.6% (having fallen 1.9% from August). Phoenix... Read More »

As Lenders (And Consumers) Hoard, The Fed Commits Another $800B

As lenders and consumers continue to hoard, the Fed announces a $800B spending spree: The central bank will purchase as much as $600 billion in debt issued or backed by government-chartered housing-finance companies. It will also set up a $200 billion program to support consumer and small-business loans, the... Read More »

The Latest Cow Hollow Condo Comp (And Apple) Closes Escrow

The Latest Cow Hollow Condo Comp (And Apple) Closes Escrow

What plugged-in people have known for a week, all agents on the MLS now know as well: 1968 Greenwich officially closed escrow on 11/21/08 with a reported contract price of $1,750,000. Purchased for $2,100,000 in May of 2005, in addition to $350,000 in acquisition cost our plugged-in buyer will... Read More »

Symphony Towers Update: Slashing Success And Words On The Street

Contracts were written on 18 of the 20 reduced units in the Turk Street tower of Symphony Towers the weekend before last. The unofficial word on the street is that a construction loan might have motivated the “slashing” (sound familiar?). While an official word is that there are currently... Read More »