Articles Filed Under: Bubble (Or Not)

(307 posts)
Repainted And Flipped For $400K More

Repainted And Flipped For $400K More

Purchased for $2,600,000 nine months ago when on the market for $2.9 million, the 4,665-square-foot Forest Hill home at 279 Castenada Avenue was “updated with current colors and style featuring refinished hardwood floors…custom window treatment and nice accents” and returned to the market two months ago listed for $3,195,000. On Monday, the sale of 279 Castenada Read More »

From $1.4M Four Years Ago To $2.3M Today

From $1.4M Four Years Ago To $2.3M Today

Purchased for $1,945,000 in 2007, the modern Noe Valley home at 1420 Douglass Street was foreclosed upon in 2010 and re-sold  by the bank for $1,440,000 four years ago. Listed for “$1,795,000” three weeks ago, the sale of the three-bedroom home with an open floor plan divided by a familiar two-way fireplace and staircase has just closed escrow with a Read More »

San Francisco Median Home Price Hits Record Million Dollar Mark

San Francisco Median Home Price Hits Record Million Dollar Mark

While Bay Area home sales were relatively flat in June (up 0.2 percent year-over-year and month-over-month), and listed home sales in San Francisco were down nine percent, recorded home sales in San Francisco were up 6.4 percent versus the year before as a backlog of sales in new developments continued to close escrow. That being said, Read More »

Flipping Out: $600K More After Six Months And A Mini-Makeover?

Flipping Out: $600K More After Six Months And A Mini-Makeover?

Listed for $2,895,000 nine months ago, the Forest Hill home at 279 Castenada Avenue sold for $2,600,000 this past December.  Since “updated with current colors and style featuring refinished hardwood floors in walnut tones, deluxe custom window treatment and nice accents,” the five-bedroom home is back on the market and listed for $3,195,000. No work Read More »

Loan Application Volumes Drop While Inventories Continue To Rise

Mortgage loan application volume for home purchases across the country fell 6 percent over the past week and loan activity is running 15 percent lower on a year-over-year basis. At the same time, the inventory level of homes for sale across the country is running 14.2 percent higher, year-over-year, up from 9.5 percent higher in Read More »

Noe Valley Cottage Scheduled To Hit The Courthouse Steps

Noe Valley Cottage Scheduled To Hit The Courthouse Steps

The 600-square-foot cottage on a sliver of a Noe Valley lot at 543 30th Street was purchased for $665,000 ten years ago with what would appear to have been $5,000 down and $660,000 in debt.  And in 2006, the property was refinanced with $791,920 in new loans. In default since 2009, at which point the Read More »

Pending Home Sales Barely Budge Despite Increase In Inventory

While the National Association of Realtors Pending Home Sales Index inched up a nominal 0.4 percent from March to April, it’s now running 9.2 percent lower on a year-over-year basis versus 8.0 percent lower last month. At the same time, the inventory level of homes for sale across the U.S. increased 8.6 percent and is Read More »

Bay Area Median Home Sales Price Hits Post-Recession High

Bay Area Median Home Sales Price Hits Post-Recession High

Bay Area home sales were relatively flat in April, dropping 0.9 percent year-over-year.  The number of homes sold in San Francisco last month was relatively flat as well, dropping a nominal 0.5 percent versus April of 2013. That being said, based on normal seasonality over the past decade, home sales in San Francisco have increased an average of 1.8 Read More »

Smoking Out In The Inner Sunset

Smoking Out In The Inner Sunset

Early last year, firefighters responding to a two-alarm blaze within the Inner Sunset home at 1767 8th Avenue discovered over 100 marijuana plants growing in the garage and a drying room on the floor above, the electrical equipment for which was the likely cause of the blaze. Three months later, the fire-damaged home sold for Read More »

A Voyeur’s Dream Condo, Post-Bubble Buyer’s Dream Outcome

A Voyeur’s Dream Condo, Post-Bubble Buyer’s Dream Outcome

Purchased for $2,250,000 in 2007, remodeled with a wall of glass between a bedroom and living room to provide more light, and then listed for sale asking $2,595,000 in 2008, the rather voyeurlicious™ two-bedroom St. Regis condo #23F sold in a short sale for $1,588,000 in 2012. While never listed for sale, according to a Read More »

NAR’s Forward-Looking Indicator Drops To Lowest Level Since 2011

The National Association of Realtors has just revealed that their Pending Homes Sales Index has actually declined for eight months in a row and the “forward-looking indicator” is at its lowest level since October 2011. A week ago, the Association revealed that the number of homes for sale across the country is currently 10 percent Read More »

New Home Sales Drop Despite A 25 Percent Increase In Inventory

The seasonally adjusted annual pace of new single-family home sales in the U.S. dropped to 440,000 in February, down 3.3 percent from the 455,000 pace as measured in January and 1.1 percent lower on a year-over-year basis. The pace of new single-family home sales as measured in February peaked at 1,319,000 in 2005. At the Read More »

Postcard Row Home Survives Another Threat, Back On The Market

Postcard Row Home Survives Another Threat, Back On The Market

San Francisco’s Postcard Row was developed by Matthew Kavanaugh between 1892 and 1896, with the first house in the row at Steiner and Grove the developer’s own home. Having survived the Great Quake, the 4,700-square-foot Victorian at 722 Steiner Street was slated for demolition in the 1970’s but survived that threat as well and was Read More »

Mortgage Application Volume Dips, Down 17 Percent Year-Over-Year

The Mortgage Bankers Association’s Purchase Index, a measure of mortgage loan application volume for home purchases across the country, dropped 1 percent on a seasonally adjusted basis last week. On an unadjusted basis, the index increased 1 percent but remains down 17 percent year-over-year. While a lack of inventory continues to be fingered for the Read More »

A New Peak For A Well-Designed Noe Valley Home

A New Peak For A Well-Designed Noe Valley Home

Listed for $2,599,000 last month, the John Maniscalco designed home at 836 Alvarado has closed escrow with a reported contract price of $3,400,000 ($1,037 per square foot). Yes, that’s $801,000 “over asking,” but more meaningfully, that’s 27 percent over its purchase price of $2,700,000 in August of 2007, about a half year before the last Read More »