4356 25th: A Modern Mid-Century Modern AIA Home Tour Home

4356 25th: A Modern Mid-Century Modern AIA Home Tour Home

To those who partook in the 2008 AIA San Francisco Home Tour it’s the “Choy Residence.” Neighbors in Noe Valley will recognize it as 4356 25th Street. And to others it’s simply that sweet Terry + Terry Architecture Mid-Century Modern inspired renovation with a killer kitchen, dining room and... Read More »

Game, Set, Match To The San Francisco Tennis Club (645 5th)

Game, Set, Match To The San Francisco Tennis Club (645 5th)

“Lena Grotz, a club member who has been active with Save Our San Francisco Tennis Club, said the Western Athletic Club is taking over the facility at 645 5th St. and would not only preserve the tennis club, but also expand it. Four of the outdoor, rooftop courts will... Read More »

Eviction Moratorium Extended And Freddie Becomes A Landlord

“Freddie Mac and Fannie Mae, the mortgage-finance companies under federal control, are extending by one month a freeze on evictions for homeowners in foreclosure as delinquencies soar in a slumping economy. Freddie, the second-largest source of U.S. home loan money, said it will now allow renters in homes the... Read More »

Millennium Sales Update: Another Penthouse (#59A) In Contract

Millennium Sales Update: Another Penthouse (#59A) In Contract

It’s seven new contracts at San Francisco’s Millennium Tower since instituting a 15% price cut two weeks ago: six units with an average price point of ~$1.5M, and Penthouse 2A (a.k.a. 301 Mission #59A) at $10,200,000 for 5,555 square feet of raw space. Approximately 100 of the 419 Millennium... Read More »

Avalon At Mission Bay Phase III (240 Berry): True To Design

Avalon At Mission Bay Phase III (240 Berry): True To Design

While the 192 units of Strata at Mission Bay should be renting in March, the 260 rental units of Avalon at Mission Bay III should be online by the middle of the year (about 18 months after having started its ascent). ∙ Coming Soon: “Strata At Mission Bay” (A.K.A.... Read More »

A Reader Asks, We Respond, You Add The Scoop: 21 Lafayette

A Reader Asks, We Respond, You Add The Scoop: 21 Lafayette

Your Question: What’s happening at corner of Layfayette and Minna (“I heard they are going to be rentals rather than for sale”)? Our response: It’s a three unit building (21 Lafayette) that we believe was mapped as condos but could very well end up being rented out. The Opportunity:... Read More »

Coming Soon: “Strata At Mission Bay” (A.K.A. 555 Mission Rock)

Coming Soon: “Strata At Mission Bay” (A.K.A. 555 Mission Rock)

The Mission Bay new development previously known as 555 Mission Rock has been branded “Strata at Mission Bay.” The 192 new units of rental inventory will be coming online in March of 2009 with an interest list now forming. ∙ 555 Mission Rock: Yesterday, Today And Tomorrow (And A... Read More »

JustQuotes: Damn Those Bad News Bloomberg “Bears”

“Prospects for an economic recovery this year dimmed after reports today showed new-home sales collapsed, durable-goods orders slumped and a record number of Americans collected unemployment benefits.” Huh. ∙ U.S. Economy: Sales of New Homes, Durable Goods Orders Tumble ∙ SocketSite’s Residential Real Estate Outlook For 2009 Read More »

But Don’t Buyers In Noe Know That “Prices” Are Up?

But Don’t Buyers In Noe Know That “Prices” Are Up?

While 651 27th Street is now in escrow (listed for 20% under its last close), 525 27th Street #2 is still active and available. As a reader notes, purchased for $1,349,000 in October of 2006, listed for $1,495,000 in September of 2008, and reduced four times since. Currently asking... Read More »

JustQuotes: A First (And Second Zero) For The Fed, Not SocketSite

“The Federal Reserve left the benchmark interest rate as low as zero, said it’s prepared to purchase Treasury securities to resuscitate lending and warned inflation may recede too quickly.” “Deflation is an increased worry,” said William Ford, a former Atlanta Fed chief who’s now at Middle Tennessee State University... Read More »

Actual San Francisco Foreclosures Down 42% QOQ (Up 70% YOY)

Actual San Francisco Foreclosures Down 42% QOQ (Up 70% YOY)

Bay Area Notices of Default (NODs) fell 12% on a year-over-year basis in the fourth quarter of 2008, down 9.6% in San Francisco proper (from 353 to 302). And while the number of new NODs in San Francisco also fell 25% from the third quarter, the lead time changing... Read More »

The 8 Washington Development Website: New And Improved!

The 8 Washington Development Website: New And Improved!

As a tipster notes, Pacific Waterfront Partners’ website for the development of 8 Washington (and San Francisco’s Seawall Lot 351) has been updated to include a couple of snazzy new renderings of the proposed SOM design (the faux-French design is no longer) and a copy of the developers’ RFP... Read More »

Just Under $900,000 Originally, Asking Just Under $800,000 Today

Just Under $900,000 Originally, Asking Just Under $800,000 Today

Asking just under $900,000 (not including upgrades) when the sales office first opened (acording to a plugged-in Infinity resident). Asking just under $900,000 ($885,000) as a resale last month (and subsequently reduced down to $849,000). Asking just under $800,000 ($799,000) today for 301 Main Street #9E at Infinity. ∙... Read More »

SocketSite’s Residential Real Estate Outlook For 2009

We currently see across the board weakness in San Francisco’s residential real estate market throughout 2009 as economic woes compound the impact of tighter credit markets and a shift in market psychology. Downturns in residential real estate have traditionally been triggered by a downturn in either the local or... Read More »

November S&P/Case-Shiller: San Francisco MSA Down, Rate Levels

November S&P/Case-Shiller: San Francisco MSA Down, Rate Levels

According to the November 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 3.0% from October ’08 to November ’08 and are down 30.8% year-over-year (down 31% in October). For the broader 10-City composite (CSXR), year-over-year price growth is down 19.1% (having fallen... Read More »