One week, three hundred and one deposits, 80% sold. Will the South Tower of One Rincon Hill be “sold out” by the end of the second week? Are the developers kicking themselves for not pricing it higher? And what’s going to happen in 18-24 months when it comes time... Read More »

From a most excellent tipster: had a quiet opening last night that was attended by 400 ecstatic neighbors, realtors and their friends. They opened up the entire inventory (400?) for the week of reservations. I estimate that they took reservation deposits... Read More »

The Office of Federal Housing Enterprise Oversight (OFHEO) released its first quarter House Price Index (HPI) and appreciation tables this morning. According to the OFHEO, “U.S. home prices were 12.54 percent higher in the first quarter of 2006 than they were one year earlier. Appreciation for the most recent... Read More »

All of a sudden the Rincon Hill towers (400/350 feet) just don’t seem quite so tall (or towering). “A 1,000-foot tower, as well as two 800-foot towers, were proposed Thursday for the area around the Transbay Terminal, as The City moves forward with the rebuilding of the aging bus... Read More »

Two weeks ago we made a relatively bold forecast that year-over-year home appreciation in San Francisco would dip below 6%, and could potentially drop to as low as 4% (based on April closings). Well, it looks like we were off by 0.4%. According to DataQuick, the median sales price... Read More »

The Board of Supervisors has passed an amended version of Supervisor Peskin’s legislation to prohibit condominium conversions for buildings in which certain types of evictions have occurred (now section 1396.2 of the Subdivision Code). And while section 1396.2 now prohibits the conversion of a building in which either multiple... Read More »

The New York Times pronounces “A Chill Is in the Air for Sellers,” especially in San Rafael. In principle we agree, but based on what we know about the market, something just didn’t jibe with at least one part their article. So we did some quick fact checking. From... Read More »

According to Damion Matthews, Mayor Gavin Newsom just closed escrow on a two-bedroom condo high atop Russian Hill in the Bellaire Tower (1101 Green Street). And the purchase price, according to the Business Times, was $2,350,000 (seller none other than Peter Getty). Good news for those hoping to share... Read More »

Supervisor Aaron Peskin’s proposed ordinance banning condominium conversions in buildings where multiple tenants, senior citizens, disabled, or catastrophically ill people were evicted passed a Board of Supervisors committee last night and now heads to final voting for passage. Not too surprising. What is surprising, however, is that the mayor’s... Read More »

BuySide Realty quietly launched in California this week under the tag line, “Where it Pays To Find Your Own Home”. The basic premise: you do the research, find the home, and determine what you want to offer while BuySide writes and manages the offer, and then guides you through... Read More »