Back in January 2008 when covering the bank-owned (REO) auction of 41 Federal #42, we noted what we perceived as a change in the market, a perception not everyone shared: …this whole thread is about REO as indicator. Is it not? Socketsite said it “just might speak” to that.... Read More »

According to a poll by the newly formed San Francisco Citizens Initiative for Technology & Innovation (sf.citi), their 125 member companies are expecting to hire “like 8,000 new jobs this year and counting,” according to Ron Conway, sf.citi’s founding Chairman. ∙ Tech companies hiring 8,000-plus in San Francisco Read More »

As we wrote last month: First listed for sale in 2008 asking $738,000, the list price for 469 Valley was reduced four times over the following two years. The dilapidated home finally sold for $500,000 in 2010. Today, the Noe Valley view property which is currently uninhabitable returned to the market as a “cozy cabin Read More »

As we first reported with respect to 1422 Douglass this past September: Purchased for $925,000 in 2007, the single-family Noe Valley home at 1422 Douglass returned to the market two weeks ago listed for $875,000 while noting: “Be prepared to ooh and aah (sic) over this charming Victorian home that packs a big impression.” On Read More »

According to the December 2011 S&P/Case-Shiller Home Price Index, single-family home prices in the San Francisco MSA fell 0.8% from November ’11 to December ’11, down 5.4% year-over-year, down 41.1% from a peak in May 2006. For the broader 10-City composite (CSXR), home values fell 1.3% from November to December, down 3.9% year-over-year, down 33.8% Read More »

Poised to receive Planning’s approval to move forward with the first four buildings at the center of their proposed 14-acre campus in South Mission Bay this week, Salesforce.com has just killed any near-term plans for the massive development. According to the Business Times, Salesforce “needs space faster than it can build it and thus will Read More »

Following weeks of contentious negotiations, the America’s Cup Event Authority is dropping Piers 30-32 from its development plans and giving up its claim on Seawall 330, the undeveloped lot adjacent to the Watermark. Race teams will now be berthed at Pier 80. At the same time, having unsuccessfully appealed the Planning Commission’s certification of the Read More »

As we originally reported, the “quintessential renovated and expanded Noe Valley home” at 4245 23rd Street was purchased for $1,700,000 in September 2004 and returned to the market listed for $1,795,000 last month. As we also noted at the time, based on PropertyShark’s stats, the median neighborhood price per square foot for single-family homes is Read More »

Purchased for $650,000 in July of 2005 with a first mortgage for $417,000, a second for $125,000 and $108,000 down, a year ago a notice of default was first filed for the property at 137 Faith, the first mortgage for which was already $19,666 past due at the time. Postponed once before, tomorrow the small Read More »

Purchased as a 3,747 square foot “sleek contemporary Pacific Heights home” for $3,325,000 in 2007, the original 1980’s façade and interior of 2828 Jackson are history. Now, an “exquisitely renovated contemporary” 2828 Jackson Street is back on the market in 2012 listed for $4,200,000 with all new fixtures and finishes in place. And yes, in Read More »

The office allocation for the first four buildings of Salesforce.com’s Mission Bay Campus is poised to be approved by San Francisco’s Planning Commission on Thursday, March 1. The four buildings will yield 1,488,996 square feet, 1,254,551 of which will be office space, 41,363 ground floor retail, and 6,000 square feet for childcare. 1,394 parking spaces Read More »

Apples to apples, 444-446 Roosevelt Way was purchased for $2,100,000 in early 2008, relisted for $1,750,000 in early 2011 with permits to excavate, expand, and remodel in place, and sold for $1,300,000 this past July. Now an orange, it’s a plugged-in reader that notices the since remodeled Corona heights home has just returned to the Read More »

The seasonally adjusted annual pace of new single-family home sales in the U.S. fell to 321,000 in January, down 0.9 percent from a revised rate of 324,000 in December but 3.5 percent above the 310,000 pace recorded in January 2011. Preliminary U.S. new home sales (versus pace) in January were estimated to be 22,000 (give Read More »

With Millennium Tower 70 percent sold and sales volume picking up, we turn our attention to a one-bedroom apple to be in the building. Purchased for $884,000 in March of 2010, 301 Mission Street #17C hit the market this past October listed for $849,000 before being withdrawn from the MLS in December. Today, the 833 Read More »

San Francisco’s Millennium Tower has hit the 70 percent sold mark, recently averaging $1,075 per square foot with 130 condos left to sell, as has One Hawthorne with 55 condos left to move. Over in South Mission Bay, Madrone has 90 of 211 Phase One condos in contract with actual closings starting in July. ∙ Read More »