SocketSite™2009-11-20T21:30:46ZSan Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™tag:www.socketsite.com,2009://1Movable TypeCopyright (c) 2009, socketadminIt's Deja Vu All Over Again (This Time Thanks To The FHA)2009-11-20T21:30:46Z2009-11-20T20:00:00Ztag:www.socketsite.com,2009://1.43502009-11-20T20:00:00ZBanking on appreciation with little skin in the game ($33,000 on a $963,000 purchase); little in terms of reserves; and counting on income from the upper unit of the Hayes Valley duplex to subsidize low carrying costs thanks to "rock-bottom...socketadminwww.socketsite.comadmin@socketsite.comSeemingly Random
Banking on appreciation with little skin in the game ($33,000 on a $963,000 purchase); little in terms of reserves; and counting on income from the upper unit of the Hayes Valley duplex to subsidize low carrying costs thanks to "rock-bottom...
The Grand Plan For A San Francisco "Transit Center District"2009-11-20T18:19:55Z2009-11-20T15:30:30Ztag:www.socketsite.com,2009://1.43472009-11-20T15:30:30Z The Planning Department's draft Transit Center District Plan for the rectangle bounded by Market, Steuart, Folsom, and mid-block between 3rd and New Montgomery is now online. The plan's five Core Goals: 1. Build on the General Plan’s Urban Design...socketadminwww.socketsite.comadmin@socketsite.comNeighborhoods
The Planning Department's draft Transit Center District Plan for the rectangle bounded by Market, Steuart, Folsom, and mid-block between 3rd and New Montgomery is now online. The plan's five Core Goals: 1. Build on the General Plan’s Urban Design...
San Francisco County Unemployment Up To 9.9 Percent In October2009-11-20T18:23:06Z2009-11-20T15:30:00Ztag:www.socketsite.com,2009://1.43492009-11-20T15:30:00ZPreliminary October labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 9.9%, 8.1% and 9.1% respectively, up 0.2 percentage points in San Francisco and up 0.1 percentage points in Marin and San...socketadminwww.socketsite.comadmin@socketsite.comTrends
Preliminary October labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 9.9%, 8.1% and 9.1% respectively, up 0.2 percentage points in San Francisco and up 0.1 percentage points in Marin and San...
Into The Bernal Apple Cart Falls 82 Ellsworth2009-11-20T14:56:00Z2009-11-20T14:15:00Ztag:www.socketsite.com,2009://1.43462009-11-20T14:15:00Z The sale of 82 Ellsworth on the South Slope of Bernal Heights closed escrow yesterday with a reported contract price of $855,000 (asking $899,000). Purchased in April 2005 for $975,000, it's a 12.3% drop in value below its 2005...socketadminwww.socketsite.comadmin@socketsite.comApples To Apples
The sale of 82 Ellsworth on the South Slope of Bernal Heights closed escrow yesterday with a reported contract price of $855,000 (asking $899,000). Purchased in April 2005 for $975,000, it's a 12.3% drop in value below its 2005...
San Francisco Recorded Sales Activity In October: Up 33.6% YOY2009-11-20T01:23:43Z2009-11-19T18:00:00Ztag:www.socketsite.com,2009://1.43442009-11-19T18:00:00Z According to DataQuick, recorded home sales volume in San Francisco jumped 33.6% on a year-over-year basis last month (553 recorded sales in October ’09 versus 414 sales in October ‘08) and rose 3.2% compared to the month prior. San...socketadminwww.socketsite.comadmin@socketsite.comTrends
According to DataQuick, recorded home sales volume in San Francisco jumped 33.6% on a year-over-year basis last month (553 recorded sales in October ’09 versus 414 sales in October ‘08) and rose 3.2% compared to the month prior. San...
US (But Not DA) Prime And FHA Mortgage Defaults Climbing2009-11-19T19:32:39Z2009-11-19T17:30:00Ztag:www.socketsite.com,2009://1.43452009-11-19T17:30:00ZWhile subprime adjustable-rate foreclosures starts dropped in the third quarter of 2009 (from 5.52 percent to 4.92 percent), both the number and pace of FHA backed and prime fixed-rate mortgage defaults climbed. One out of every six FHA mortgages was...socketadminwww.socketsite.comadmin@socketsite.comTrends
While subprime adjustable-rate foreclosures starts dropped in the third quarter of 2009 (from 5.52 percent to 4.92 percent), both the number and pace of FHA backed and prime fixed-rate mortgage defaults climbed. One out of every six FHA mortgages was...
Two Years And A 46 Percent Drop In Expectations For 2100 Vallejo2009-11-19T16:47:35Z2009-11-19T15:00:30Ztag:www.socketsite.com,2009://1.43412009-11-19T15:00:30Z Listed in December 2007 for $25,000,000, the asking price for 2001 Vallejo has been reduced a few times since. Now asking $13,500,000 (which includes the adjacent buildable lot), call it an effective 46 percent reduction in list price over...socketadminwww.socketsite.comadmin@socketsite.comListings (for sale)
Listed in December 2007 for $25,000,000, the asking price for 2001 Vallejo has been reduced a few times since. Now asking $13,500,000 (which includes the adjacent buildable lot), call it an effective 46 percent reduction in list price over...
New Year (And Perhaps Market) Motivations Atop Nob Hill2009-11-19T16:28:51Z2009-11-19T15:00:15Ztag:www.socketsite.com,2009://1.43432009-11-19T15:00:15ZFrom the property flyer now making its way around the brokerages for 1170 Sacramento Street #2B by way of a plugged-in tipster: "TENANTS HAVE MOVED---NOW PAINTED AND STAGED! MOTIVATED SELLER! WANTS TO CLOSE BY DEC. 31!" On the market for...socketadminwww.socketsite.comadmin@socketsite.comListings (for sale)
From the property flyer now making its way around the brokerages for 1170 Sacramento Street #2B by way of a plugged-in tipster: "TENANTS HAVE MOVED---NOW PAINTED AND STAGED! MOTIVATED SELLER! WANTS TO CLOSE BY DEC. 31!" On the market for...
A Resale One Joins The Two At Seventy-Four New Montgomery2009-11-19T19:18:49Z2009-11-19T15:00:00Ztag:www.socketsite.com,2009://1.43422009-11-19T15:00:00Z While the two-bedroom 74 New Montgomery #502 remains available at $945,000 (24% under its un-upgraded purchase price in 2008), a tipster notes a one-bedroom resale (74 New Montgomery #305) has also hit the market asking $485,000 (12% under its...socketadminwww.socketsite.comadmin@socketsite.comListings (for sale)
While the two-bedroom 74 New Montgomery #502 remains available at $945,000 (24% under its un-upgraded purchase price in 2008), a tipster notes a one-bedroom resale (74 New Montgomery #305) has also hit the market asking $485,000 (12% under its...
Sold Together For $9M in '07, Purchased Apart For $6,766,001 In '092009-11-19T05:55:31Z2009-11-18T22:45:00Ztag:www.socketsite.com,2009://1.43402009-11-18T22:45:00Z As we wrote two weeks ago: Still listed on the San Francisco Association of Realtors' MLS last week as an "active listing" despite a plugged-in reader's report that it had actually sold at foreclosure auction two weeks ago, today...socketadminwww.socketsite.comadmin@socketsite.comBubble (Or Not)
As we wrote two weeks ago: Still listed on the San Francisco Association of Realtors' MLS last week as an "active listing" despite a plugged-in reader's report that it had actually sold at foreclosure auction two weeks ago, today...
A Rather Modern Listing (But Really Not So "New")2009-11-18T22:07:54Z2009-11-18T19:00:30Ztag:www.socketsite.com,2009://1.43382009-11-18T19:00:30Z Back on the MLS and on tour "as new," the list price for 297 Cresta Vista Drive is down to $1,290,000. Asking $1,595,000 in June 2008 before being withdrawn that December and then listed again this past May at...socketadminwww.socketsite.comadmin@socketsite.comListings (for sale)
Back on the MLS and on tour "as new," the list price for 297 Cresta Vista Drive is down to $1,290,000. Asking $1,595,000 in June 2008 before being withdrawn that December and then listed again this past May at...
The "Unexpected" Drops Spread To U.S. Residential Construction2009-11-18T19:22:53Z2009-11-18T19:00:00Ztag:www.socketsite.com,2009://1.43392009-11-18T19:00:00Z"Residential construction in the U.S. unexpectedly dropped in October amid concern a homebuyer tax credit would expire [but didn't], illustrating the market’s dependence on government help to sustain a recovery as job losses mount." ∙ U.S. Economy: Homebuilding Drops as...socketadminwww.socketsite.comadmin@socketsite.comTrends
"Residential construction in the U.S. unexpectedly dropped in October amid concern a homebuyer tax credit would expire [but didn't], illustrating the market’s dependence on government help to sustain a recovery as job losses mount." ∙ U.S. Economy: Homebuilding Drops as...
Modern Ito Design Falls Prey To Modern Berkeley Economics2009-11-18T17:03:11Z2009-11-18T16:15:00Ztag:www.socketsite.com,2009://1.43372009-11-18T16:15:00Z "A shortage of funds has prompted UC Berkeley to abandon its plan to construct a new Berkeley Art Museum and Pacific Film Archive downtown. The building, a distinctive and innovative design by Tokyo architect Toyo Ito estimated to cost...socketadminwww.socketsite.comadmin@socketsite.comJust Quotes (Emphasis Added)
"A shortage of funds has prompted UC Berkeley to abandon its plan to construct a new Berkeley Art Museum and Pacific Film Archive downtown. The building, a distinctive and innovative design by Tokyo architect Toyo Ito estimated to cost...
Putting On The Ritz At 44% Under Original List (And $813 Per Square)2009-11-18T17:37:22Z2009-11-18T16:00:00Ztag:www.socketsite.com,2009://1.43362009-11-18T16:00:00Z Asking $3,747,500 ($1,453/sqft) when it first hit the market two years ago, a plugged-in tipster notes that the three-bedroom and 2,580 square foot Ritz-Carlton Residences #1102 closed escrow on 11/3 with a reported contract price of $2,100,000 ($814/sqft). It...socketadminwww.socketsite.comadmin@socketsite.comBubble (Or Not)
Asking $3,747,500 ($1,453/sqft) when it first hit the market two years ago, a plugged-in tipster notes that the three-bedroom and 2,580 square foot Ritz-Carlton Residences #1102 closed escrow on 11/3 with a reported contract price of $2,100,000 ($814/sqft). It...
2342 Broadway Returns Anew, "Green," And Asking $14,000,0002009-11-17T18:35:37Z2009-11-17T18:30:00Ztag:www.socketsite.com,2009://1.43352009-11-17T18:30:00Z It’s not yet officially listed inventory, nor is the address even mentioned on the Sotheby’s site. But a few doors down from 2306 and 2310 Broadway, and across the street from the Party of Five house at 2311 Broadway,...socketadminwww.socketsite.comadmin@socketsite.comListings (for sale)
It’s not yet officially listed inventory, nor is the address even mentioned on the Sotheby’s site. But a few doors down from 2306 and 2310 Broadway, and across the street from the Party of Five house at 2311 Broadway,...