Another Market Metric And Food For Thought At The End Of The Year

Eleven months ago Paragon Real Estate attempted to define the decline from peak for 12 segments in San Francisco. Based on a comparison of average dollars per square foot for sales at “peak” versus an average of sales from 10/15/08 to 1/30/09, Paragon concluded that declines to date in... Read More »

A “Rebirth” For 2290 (Green) As Father Time Closes Out 2009

A “Rebirth” For 2290 (Green) As Father Time Closes Out 2009

Listed for $1,900,000 in March 2008, the sale of 2290 Green closed escrow four months later with a “confidential” sale price reported at $1,900,000 on the MLS (public records, however, peg the actual sale price at $1,775,000). From the listing at the time: 2 family dwelling & 3 guest... Read More »

New U.S. Jobless Claims Dip But Extended Benefits Jump In December

“Initial jobless claims fell by 22,000 to 432,000 in the week ended Dec. 26, the lowest level since July 2008, Labor Department figures showed today in Washington. The number of people receiving unemployment insurance fell in the prior week to 4.98 million those receiving extended benefits... Read More »

A Quick Short(er) Sale And Key Word: Pre-Approved

A Quick Short(er) Sale And Key Word: Pre-Approved

As we wrote last month: Listed as a short sale for $595,000, the Lower Pacific Heights single-family (but zoned RH2) home at 2874 Bush Street sold for $675,000 in June of 2003. According to a plugged-in source a short sale has already been approved (although at exactly what price... Read More »

Back To Year 2000 Rent For The 3,300 Square Foot 75 Folsom #1204

Purchased for $4,125,000 in September 2000, the 3,300+ square foot 75 Folsom #1204 was unable to find a buyer at $4,400,000 (down from $6,200,000) in 2009. And while a plugged-in agent reacalls having leased it out for the owner in 1999 at $10K per month (asking $12K at the... Read More »

Playing Chicken With A Five Year Arm (It’s Not Just About Rates)

Playing Chicken With A Five Year Arm (It’s Not Just About Rates)

While Chicken John Rinaldi’s Chez Poulet has been on the market for two months at $899,000, on Monday Laughing Squid added a bit of color with a quote from John himself: I’m caught in the mortgage crisis by association. I took a 5 year arm mortgage with a balloon... Read More »

Moving On Out (And Closing Out Down) At 3016 Pine

Moving On Out (And Closing Out Down) At 3016 Pine

As a plugged-in tipster catches the moving trucks in action this morning, the sale of 3016 Pine Street closes escrow this afternoon with a reported contract price of $2,260,000. Although originally listed for 13 percent more eight months ago, according to industry statistics the sale will be recorded at... Read More »

Rocking An Earthquake Cottage With Interior Design: 64 Russell

Rocking An Earthquake Cottage With Interior Design: 64 Russell

64 Russell isn’t your typical earthquake cottage any longer. Purchased for $725,000 in July 2003, the 1908 cottage was gutted and then redesigned by interior designer April Sheldon. The line of the listing: “Belle Époque Urban Cottage.” And while the address on the MLS might be “undisclosed,” it’s not... Read More »

“Best Price Ever” At 310 Townsend (Assuming It’s Approved)

Listed for $799,000 plus $25,000 for parking in February 2007, 310 Townsend #202 sold for $824,000 in March of that year. And now the 945 square foot one-bedroom is back on the MLS as a short sale with a list price of “$450,000” (a drop of 45 percent). While... Read More »

October Case-Shiller: Up For SF MSA Houses, Down For Condos

October Case-Shiller: Up For SF MSA Houses, Down For Condos

According to the October 2009 S&P/Case-Shiller Home Price Index, single-family home prices in the San Francisco MSA gained 1.2% from September ’09 to October ’09, down 2.6% year-over-year and down 37.8% from a peak in May 2006, but up from a 46.1% fall from peak as recorded in March... Read More »

A Pair Trio Of Bank-Owned Penthouses Atop The Watermark

A Pair Trio Of Bank-Owned Penthouses Atop The Watermark

As we wrote in April: Two months after its initial sale for $1,250,000 in October of 2006 Watermark (501 Beale) Penthouse #2B was flipped for $1,375,000. (Ah, the good old days.) It’s now a little over two years later and the top floor condo is back on the market... Read More »

The One With The Twelve On It: 2849 Pacific Price-ish Scoop

The One With The Twelve On It: 2849 Pacific Price-ish Scoop

Okay, so perhaps the sale price for 2849 Pacific won’t be at its asking of $14,000,000. But according to a plugged-in tipster the “price will provide encouragement for sellers of large, good condition, D7 properties” and starts with a twelve (12). No word on how much said encouragement assumes... Read More »

214 Arguello: Two Years Later And Asking Twenty-Five Percent Less

214 Arguello: Two Years Later And Asking Twenty-Five Percent Less

No, we weren’t kidding when we noted “coming soon” for 214 Arguello. Once again, last sold for $1,600,000 in December 2007, unable to find a buyer at an “unbelievable” $1,395,000 in 2008, and taken back by the bank three weeks ago with no bidders on the courthouse steps at... Read More »

From Bulk(y) To Lien For Citadine At 1299 Bush

As we reported four weeks ago, the developers of The Citadine (1299 Bush) are seeking as bulk sale of the entire building. As we add today, at least five mechanics liens totaling over $2.5 million have been filed against the development over the past month. ∙ The Citadine (1299... Read More »

Twas The Day Before Christmas And On The Courthouse Steps…

Twas The Day Before Christmas And On The Courthouse Steps…

Its 7,531 square foot oversized corner lot along Marina Boulevard makes it hard to miss. And we’ve always been rather keen on the 4,170 square foot four-bedroom home as well. Purchased for $2,800,000 in 2001 and refinanced in 2002 with a $1,800,000 note, 485 Marina Boulevard was scheduled to... Read More »