Another Year For Super Conforming Limits (Assuming Obama Signs)

Passed by congress last night, H.R. 3081 will once again extend $729,750 “super conforming” loan limits for high cost areas like San Francisco, this time through September 30, 2011 assuming President Obama signs. ∙ One More Year! For Super Conforming Limits Assuming Obama Signs ∙ If Lowering Rates... Read More »

Planning Commission Today, Randolph Tomorrow As Proposed

Planning Commission Today, Randolph Tomorrow As Proposed

In addition to the fates of 673 Brussels and 448 Diamond, the appeal of the proposed development at 1050 Valencia and an application to build at 380-398 Randolph Street will be heard by San Francisco’s Planning Commission this afternoon as well. With respect to the development on Randolph: The proposed project includes the construction of Read More »

Appreciation For An Apple With Improved Curb Appeal (49 Hill)

Appreciation For An Apple With Improved Curb Appeal (49 Hill)

The sale of 49 Hill closed escrow yesterday with a reported contract price of $2,500,000. While not perfectly apples-to-apples as the curb appeal has improved, the real remodeling occurred prior to its purchase for $2,000,000 in 2004 so let’s call it average annual appreciation of 3.5% for the renovated single-family home over the past six Read More »

From Seven To Three (And Rebuilt Facade) Over The Past Thirty Years

From Seven To Three (And Rebuilt Facade) Over The Past Thirty Years

Seven units with a stucco façade when purchased in 1977, over the past thirty years the owners of 2409 Octavia have rebuilt the façade and recombined a few of the units; it’s now a three-level home over two legal units. Back on the market and asking $3,447,000, bonus points for a photoshopped solution for finishing Read More »

The Planning Department’s Very Different Criterion For 448 Diamond

The Planning Department’s Very Different Criterion For 448 Diamond

While San Francisco’s Planning Department recommends the Planning Commission deny a family’s application to demolish and rebuild their long-time single-family home at 673 Brussels, at the same time they’re recommending the Commission approve the demolition and rebuilding of the recently purchased (2007) single-family home at 448 Diamond. The basis for the Planning Department’s recommendation for Read More »

Before, After, And Back On The Market At 3878 Jackson

Before, After, And Back On The Market At 3878 Jackson

Picked up for $3,841,000 this past April (35 percent below expectations in 2008), the exterior and interior of 3878 Jackson have since been toned down with varying results (the monkey cage faux tortoise shell master bath is gone but so is the warmth of the façade). The Presidio Heights home is now back on the Read More »

Purchase Mortgage Volume Down 32.4% YOY And Refi Activity Slips

With average 30-year mortgage rates falling by 12 basis points over the past three weeks, mortgage application volume for purchases in the U.S. is running 32.4% lower on a year-over-year basis (versus 38.8% lower three weeks ago) while refinancing activity fell 1.6% last week, a fourth straight weekly decline according to the latest MBA survey. Read More »

San Francisco’s America’s Cup Fundraising And Property Pledge

San Francisco’s America’s Cup Fundraising And Property Pledge

San Francisco’s pitch to host the 2013 America’s Cup now includes a promise “to raise at least $270 million from businesses and other sponsors” as well as “helping event participants to secure drivers licenses, trying to obtain federal legislation to allow foreign-flagged vessels for the event to stop in more than one U.S. port, and Read More »

1167 Bosworth Is Back And Seeking Another Outlier Bid

1167 Bosworth Is Back And Seeking Another Outlier Bid

While the sale of 48 Chenery closed escrow on Friday, 1167 Bosworth returned to the market. Having sold for $1,000,000 in 2004, the single-family Glen Park home was listed for $850,000 this past February and closed escrow for $1,051,000 this past March. If a plugged-in tipster recalls correctly, the second highest bid this past March Read More »

July Case-Shiller: “San Francisco’s” Top Tier Slips For Second Month

July Case-Shiller: “San Francisco’s” Top Tier Slips For Second Month

According to the July 2010 S&P/Case-Shiller Home Price Index, single-family home prices in the San Francisco MSA rose 0.5% from June ’10 to July ’10, down 34.4% from a peak in May 2006 and up 11.2% year-over-year (YOY) versus a 14.3% YOY gain reported in June. For the broader 10-City composite (CSXR), home values rose Read More »

A Family’s Plea To Rebuild Their Home (And Planning’s Objections)

A Family’s Plea To Rebuild Their Home (And Planning’s Objections)

This isn’t a case of neighbors objecting while those outside the neighborhood with a vested interest in the project make up the majority of support. It isn’t a case of alleged willful neglect in order to circumvent a needed demolition permit. And it isn’t a case of speculative development in somebody else’s backyard. No, this Read More »

A Green Apple To Be Atop 3280 22nd Street (#D)

A Green Apple To Be Atop 3280 22nd Street (#D)

New construction in 2007 featuring siding from reclaimed olive oil barrels, hardwood floors from reclaimed mine timbers and bathrooms with Zuma tubs and Duravit sinks, 3280 Mission Street #D was listed for $1,399,000 that July and sold for $1,450,000. It’s now three years later, the Valencia Streetscape Improvement Project has been completed, and the three-bedroom Read More »

A New High For Listed San Francisco Housing Supply

A New High For Listed San Francisco Housing Supply

Inventory of listed single-family homes, condos, and TICs in San Francisco increased 8.2% over the past two weeks establishing a new five year high. On average, inventory has increased 5.1% during the same two weeks over the past four years. Current listed inventory is up 30% on a year-over-year basis, up 20% versus the average Read More »

The Traffic They Are a-Changin’ Into And In The Presidio

The Traffic They Are a-Changin’ Into And In The Presidio

Speaking of the Presidio Belles and Landmark redevelopment: On October 1, 2010 the Presidio Trust will implement the long-planned traffic circulation changes for the Public Health Service District (PHSD). The gate at 14th Avenue will be re-opened and will serve as the vehicular entrance to the district. At the 14th Avenue Gate, traffic flow will Read More »