October S&P/Case-Shiller: San Francisco MSA Down Across The Board

October S&P/Case-Shiller: San Francisco MSA Down Across The Board

According to the October 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 4.2% from September ’08 to October ’08 and are down 31.0% year-over-year. For the broader 10-City composite (CSXR), year-over-year price growth is down 19.1% (having fallen 2.1% from September). Three... Read More »

SocketSite’s San Francisco Listed Housing Update: 12/29/08

SocketSite’s San Francisco Listed Housing Update: 12/29/08

Inventory of Active listed single-family homes, condos, and TICs in San Francisco fell 20.2% over the past two weeks (about average for the end of the year) and is closing out 2008 29.3% higher versus last year (60.1% higher versus 2006). The standard SocketSite Listed Inventory footnote: Keep in mind that our listed inventory count Read More »

Drinking Might Be On The Rise, But Martini Park San Francisco Is Not

Drinking Might Be On The Rise, But Martini Park San Francisco Is Not

A plugged-in (and observant) reader reports: There has been a sign at Rincon Center for the past 4-6 months saying that a Martini Park bar will be opening in late Fall 2008. Of recent, there is a “for lease” sign in one of the windows (Spear Street side). There is also no reference to a Read More »

Flash Back Forward To Beacon Two-Bedrooms Asking Under $600,000

Flash Back Forward To Beacon Two-Bedrooms Asking Under $600,000

A tax assed value of just over $750,000; a recorded sale back to the bank three weeks ago for $629,142; and a two-bedroom/bath condo at the beacon that’s now asking $599,900 (and touting “Offers anytime!”). Yes, it’s 250 King Street #266 and almost the end of 2008. ∙ Listing: 250 King #266 (2/2) – $599,900 Read More »

The Newsom Four (Historic Preservation Commission Nominees)

Four Mayor Newsom appointees to the newly approved Historic Preservation Commission are up for confirmation at tomorrow’s Board of Supervisors meeting. The Newsom four: Tammy Chan, environmental planner; Karl Hasz, current landmarks board member; Sue Lee, former planning commissioner; and Alan Martinez, architect. If the four are confirmed, it will be three to go. ∙ Read More »

San Francisco’s Sava Pool: From Rendering To Reality

San Francisco’s Sava Pool: From Rendering To Reality

A bit of San Francisco architectural beauty to end the holiday week (but not quite year). The Charlie Sava Pool: Commissioned by the City of San Francisco, Rec and Park Dept, designed by Mark Cavagnero Associates & Paulett Taggart Architects, built by West Bay Builders, and photographed by Tim Griffith (click to enlarge). And some Read More »

JustQuotes: Jumbo Premiums For Jumbo Loans

“The average 30-year fixed jumbo loan rate was 7.32 percent on Dec. 22, compared with 5.38 percent for a conforming loan, according to BanxQuote of White Plains, New York. The difference between them has averaged 2.13 percentage points in December, 10 times the average spread from 2000 to 2006 and above last month’s 1.95 percentage Read More »

One Rincon Hill: From The $500′s $700′s $500′s

One Rincon Hill: From The $500′s $700′s $500′s

In the words of a plugged-in reader: Has anyone noticed on One Rincon Hill’s website, prices are stated as being from the “$500′s” as opposed to the “$700′s” a couple weeks ago? Not really a tip, but perhaps the developer is getting a bit more aggressive… No word on when – or rather if – Read More »

JustQuotes: Forget The Hopes, It’s Time For Prayer

“Sales of single-family houses in the U.S. dropped in November by the most in two decades and resale prices collapsed at a pace reminiscent of the Great Depression, dashing hopes that the market was close to a bottom.” ∙ U.S. Economy: Housing Prices Collapse at Near-Depression Pace Read More »

Rent Kirk Hammett’s Mansion For $1,555 A Month (Split Nine Ways)

Rent Kirk Hammett’s Mansion For $1,555 A Month (Split Nine Ways)

Last listed for sale at $9,500,000 before being withdrawn, Kirk Hammett’s recently remodeled mansion atop Pacific Heights (2505 Divisadero) is now being offered for rent at $14,000 a month. Yes, that’s only $1,550 per bedroom (there are nine). And while that application from you and eight of your buddies probably won’t make it past the Read More »

The Relative Value Of Two High-Rise Rentals Around $12,000 A Month

A mid-floor three bedroom, three bath at the St. Regis with a view of One Rincon asking $11,950 a month. Or a high-floor two bedroom, two bath at One Rincon with a view of the Bay Bridge for fifty bucks more ($12,000 a month). Similar rents but very different values. You make the call. ∙ Read More »

Name That House In Four Photos Or Less (Plus A Little Verbiage)

Name That House In Four Photos Or Less (Plus A Little Verbiage)

It’s not quite as difficult as the single deck shot challenge a plugged-in tipster nailed a while back, but it’s a “name that house” challenge nonetheless. Four pictures above, a bit of verbiage below: Boasting approximately 6,000 square feet of living space, this extraordinary Pacific Heights home is semi-detached and sits on an over sized Read More »

Some “Older Folks” (His Words, Not Ours) Perspective On The Market

Some excerpted perspective from an older experienced plugged-in reader: Us older folks (48 years myself) have seen this all before. I sold my second home in Santa Monica in 1990 which at that time had the same bubble energy of late 2006 here. I had 6 offers within 48 hours, almost all over listing price, Read More »

313 Duncan: Going The Rental Route (But Still Available For Sale)

313 Duncan: Going The Rental Route (But Still Available For Sale)

After two months on the market 313 Duncan remains available for purchase and seeking $2,850,000, but the developer is now testing the rental waters as well. Asking $15,000 per month (including that sweet little one-bedroom out back). ∙ 313 Duncan: Before, After, And All Its Insides Now “Online” ∙ $15000 / 5br – Stunning Read More »

Perhaps It’s The Market That’s More Unbelievable To Some…

Perhaps It’s The Market That’s More Unbelievable To Some…

Purchased for $1,600,000 a year ago when they were asking $1,675,000, 214 Arguello Boulevard returned to the market nine months later (September 2008) asking $1,595,000. The list price was lowered to $1,495,000 six weeks later. And for the past three they’ve been asking $1,395,000. A sale at the current asking for this four bedroom, two Read More »