A One Time Fire Sale To Address An Ongoing Budgetary Problem

A One Time Fire Sale To Address An Ongoing Budgetary Problem

From Guardians of The City with respect to old Engine Company No. 16 at 909 Tennessee: City Architect John Reid Jr. designed this two-story brick structure to replace the original 1887 home of 16 Engine that was a block away at 1009 Tennessee Street. A two-story brick firehouse with... Read More »

18 Percent Over Asking In Bernal! (And Just 1% Under 2004)

Prepare yourselves for the email blasts, newsletters, and perhaps even a news report or two as 39 Virginia just closed escrow for 18% over asking in Bernal Heights! The tidbit that might not be touted so loudly, the reported sale price of $825,000 ($575 per square foot) is 1%... Read More »

Eight Hundred Per Square Foot For Nine Hundred Clayton

Eight Hundred Per Square Foot For Nine Hundred Clayton

While we typically cringe when “period details” are painted over, in this case we like the overall effect (not to mention curb appeal). Asking $2,395,000 when listed in September 2008, they’re asking $2,239,000 ($800 per square) for 900 Clayton today. ∙ Listing: 900 Clayton (4/3) – $2,239,000 Read More »

Twelve Months Later A Spruced Up Twenty-One Farnum Returns

Twelve Months Later A Spruced Up Twenty-One Farnum Returns

It’s not apples to apples as the kitchen has been spruced up (after above, before below), the impact of which we’d probably overlook in and of itself in terms of apples, but the bathrooms have also been remodeled (and paint applied outside and throughout). That being said, 21 Farnum... Read More »

Flipping A Few Lembi Properties Through Foreclosure

A plugged-in tipster reports: Coastal Capital of Sausalito, which bought a portfolio of loans secured by Lembi properties, foreclosed on the properties . Coastal reportedly paid $24.1 million (64% of face value) for the package of loans originated by Tamalpais Bank, and today’s sales at the steps totaled $29,049,100.... Read More »

Into Contract After Four One Month On The Market For 169 Yukon?

Into Contract After Four One Month On The Market For 169 Yukon?

Listed for $649,000 last October, the listing for 169 Yukon was withdrawn in December and then relisted anew at $625,000 at the end of January. And while the listing is currently active on the MLS, according to a plugged-in tipster an offer of $575,000 has reportedly been accepted. Industry... Read More »

U.S. Previously Owned Home Sales Sucking A Little More Wind

Once again, our headline for November’s existing U.S. home sales gain of 7.4 percent: A Sprinter’s Or Marathoner’s Pace? In December the pace of U.S. existing home sales fell 17 percent. And in January the pace fell 7.2 percent, “the second-largest decline ever, to an annual pace of 5.05... Read More »

Strike Up The Band, 610 Rhode Island (“Kronos House”) Returns

Strike Up The Band, 610 Rhode Island (“Kronos House”) Returns

On the market in 2007 asking $2,300,000, the Daniel Solomon designed 610 Rhode Island (a.k.a. Kronos House) garnered four offers and sold for $2,551,000 that August. Quietly on the market for the past few months asking $2,500,000, the list price is being lowered to $2,400,000 and the house should... Read More »

Lenders (And The Market) About To Be HAMPstrung?

“The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government’s Home Affordable Modification Program.” ∙ Obama May Prohibit Home-Loan Foreclosures Without HAMP Review ∙ Insight Into The Inevitable Once Again?... Read More »

Into Our Apple Cart (And Back To 2005) 79 Woodland Goes

Into Our Apple Cart (And Back To 2005) 79 Woodland Goes

The apples to apples sale of 79 Woodland closed escrow yesterday with a reported contact price of $1,335,000 ($6,000 over asking). Purchased for $1,300,000 in June of 2005, call it average annual appreciation of 0.6% over the past five years for the remodeled single-family Parnassus Heights home. But we... Read More »

Sound Familiar?

“Government stimulus programs including the homebuyer tax credit and a Federal Reserve program to buy mortgage-backed bonds lifted the real estate market in the closing months of 2009. A sustained recovery in housing faces hurdles that include mounting foreclosures... Read More »

Soon To Be Sitting Pretty In A Series Of New Plazas And Parklets

Soon To Be Sitting Pretty In A Series Of New Plazas And Parklets

The Chronicle reports: The first pedestrian plaza opened in May at 17th and Market streets in the Castro and has become so popular that four more plazas as well as five “parklets” – two or three successive parking spaces turned into teeny parks – are slated to open by... Read More »

Will Multiple Offers Magically Materialize On (42) Mars Once Again?

Will Multiple Offers Magically Materialize On (42) Mars Once Again?

Listed for $1,199,000 last July, 42 Mars closed escrow for $1,240,000 six weeks later. It’s back on the market seven months later and asking $1,239,000. Will multiple offers magically materialize on Mars once again? ∙ Listing: 42 Mars (3/2) – $1,239,000 Read More »

Surprise, Surprise Or Not So Much So?

“Sales of new homes in the U.S. unexpectedly fell in January to the lowest level on record, a sign that an extension of a government tax credit may not be enough to rekindle demand….Purchases of new homes have declined from an all-time high of... Read More »

San Francisco’s Q4 2009 Housing Pipeline Report

San Francisco’s Q4 2009 Housing Pipeline Report

According to the San Francisco Planning Department’s Q4 2009 Pipeline Report, San Francisco’s current big picture (click to enlarge) housing pipeline is as so: ∙ 128 projects with 1,320 housing units are currently under construction ∙ 190 projects representing 2,070 units have received a building permit ∙ 328 projects... Read More »