January S&P/Case-Shiller: San Francisco MSA Decline Accelerates

January S&P/Case-Shiller: San Francisco MSA Decline Accelerates

According to the January 2009 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 4.4% from December ’08 to January ’09 and fell 32.4% year-over-year. For the broader 10-City composite (CSXR), year-over-year price growth is down 19.4% (having fallen 2.5% from December). The three... Read More »

Apples To Apples (But Likely No Longer 5% Down): 4174 26th Street

Apples To Apples (But Likely No Longer 5% Down): 4174 26th Street

On April 13, 2004 4174 26th Street in the heart of Noe Valley sold for $829,000. The buyer put 25% down. Two years later it sold for $995,000. The buyer put 5% down. A few months later the property appears to have changed hands between family members, and in October of 2006 the property was Read More »

San Francisco General Hospital: Latest Renderings And Overview

San Francisco General Hospital: Latest Renderings And Overview

It’s a plugged-in tipster that forwards the latest renderings for the San Francisco General Hospital addition and directs our attention to the Webcor overview: The 448,000 sq ft steel moment frame structure will have two levels below grade and eight levels above grade including a mechanical penthouse. Ties to the existing hospital will be made Read More »

The Embarcadero Exploratorium’s Most Excellent Draft EIR Update

The Embarcadero Exploratorium’s Most Excellent Draft EIR Update

“A draft environmental review for failed to find any major problems, and a final report could be complete by the end of June….Even the notoriously strict agencies that govern what can be built along a waterfront are unofficially endorsing the project, which could Read More »

SocketSite’s San Francisco Listed Housing Update: 3/30/09

SocketSite’s San Francisco Listed Housing Update: 3/30/09

Inventory of Active listed single-family homes, condos, and TICs in San Francisco rose 3.3% over the past two weeks (versus an average of 4.7% for the same two week period over the previous three years) and is now running 26.8% higher on a year-over-year basis (up 18.2% for single-family homes and 32.7% for condos/TICs) and Read More »

What Happens When The Bay Area Median Drops 59%?

What Happens When The Bay Area Median Drops 59%?

“Underlying all the market changes is the prevalence of bank-owned foreclosures being unloaded at a discount. Two years ago, only 2.6 percent of all existing homes that changed hands had been foreclosed on in the prior months. This year, more than half of the existing homes that sold in January and February were Read More »

One Hawthorne: An Early Rendering To Reality Check(s)

One Hawthorne: An Early Rendering To Reality Check(s)

The rendering above, the early One Hawthorne reality check below. Once again, 24 stories and 165 units with February 2008 expectations of pricing from $500,000 for a 550 square foot junior one-bedroom to $3 million for a 2,200 square foot penthouse. ∙ One Hawthorne: The Design (And Some Details) Of What’s On The Way Read More »

For The Love Of Fridays And 433 Lovell Across The Way (Mill Valley)

For The Love Of Fridays And 433 Lovell Across The Way (Mill Valley)

We were tempted to simply write “too beautiful to describe,” but we didn’t. It’s been in DWELL, but we won’t hold that against it. And yes, it’s in Mill Valley on half an acre. Completed in 2006 by its architect owners, 433 Lovell features four bedrooms, three and one-half baths, and around 4,000 square feet Read More »

RandomRumors Via Trulia Voices: Fractional TIC Financing Drying Up?

We try not to reward bad behavior and the hijacking of a post, but it’s an off-topic comment worth repeating and a question worth clearing up (if you can): From Real Estate pro Sally Rosenman on the Trulia forums : Sterling Bank is providing fractional loans and they are about it at the moment. Can Read More »

A Maybeck On The Market (And Display) Once Again: 270 Castenada

A Maybeck On The Market (And Display) Once Again: 270 Castenada

If you missed seeing 270 Castenada (a.k.a. 1916 Erlanger house) a year ago, don’t let it happen again. In the words of its architect Bernard Maybeck (think Palace of Fine Arts): The house is our attempt to suggest the idea of an English character in California. Although this house would never happen in England, it Read More »

The Dow Continues To Move (While 2170 Pacific Still Hasn’t)

The Dow Continues To Move (While 2170 Pacific Still Hasn’t)

It’s at least the fourth time a listing for 2170 Pacific Avenue has touted “On Tour as New” and “1st OPEN!” Now asking $2,995,000 with an official one day on the market according to those industry stats. Purchased on 5/27/2004 for $2,350,000. Once again, closing price for the Dow Jones Industrial Average on that day: Read More »

JustQuotes: Let’s Be Careful Out There People

“Rescue scams are springing up across the U.S., says California Deputy Attorney General Angela Rosenau, exacerbating a housing crisis in its third year. The predators are persuading troubled borrowers they can intervene with their lenders and negotiate lower payments on their mortgages, law enforcement officials say. Instead, the players, often out-of-work real estate professionals who Read More »

1333 Green Street Back In Black And White (And Now 1331 As Well)

1333 Green Street Back In Black And White (And Now 1331 As Well)

As we wrote last July: Added on to the front of the lot where Imogen Cunningham once had her home and studio (1331 Green). Designed by Paulette Taggart. And now on the market as a TIC. Asking $979,000 for 1333 Green at the time, asking $850,000 today (still without interior shots unfortunately). And this time Read More »

Lembis At Risk Of Losing Another 23 Apartment Buildings

After deeding 51 buildings back to the bank in lieu of foreclosure in January, the Lembis are at risk of losing another 23 of their remaining 250-ish apartment buildings in San Francisco. From J.K. Dineen: affiliate bought $121 million of distressed Lembi debt from Column Financial on Dec. 19 of last year. Read More »