There are currently 164 blog entries published by Leslie Bauer.
Monday, October 3rd, 2011 at 1:46pm. 1125 Views, 0 Comments.
Please check the link before for new information pertaining update regarding the Esprit Phase Development.
Thursday, January 6th, 2011 at 9:54am. 1503 Views, 0 Comments.
2010 saw a very strong spring market turbo-charged by federal and state tax credits, a much slower summer, and then a strong finish from Labor Day on. The 4th quarter of 2010 had more accepted offers than the 4th quarters of 2009, 2008 & 2007. Comparing 2010 to 2009, overall median sales prices for SF houses and condos barely budged. The luxury home market woke back up. Interest rates jumped at the end of the year, but are still very low. Of those homes that did sell in 2010, most sold relatively quickly, without price reductions, at or a little above or below list price: the market identified them as good deals. A minority of sales sold after one or more price reductions, taking much longer and at a substantial discount to the original price. And many…
Thursday, January 6th, 2011 at 9:52am. 2119 Views, 0 Comments.
If you believe your home may be eligible for a reduction in property taxes based upon a decline in value, there are two ways you might proceed: an Informal Review by the San Francisco Assessor's office and/or a Formal Appeal with Assessment Appeals Board. The Formal Appeal, in particular, can be a complicated and time consuming process. Generally speaking, homes purchased 2005 through mid-2008 (the time of peak values in most SF neighborhoods) have the best cases for a property tax reduction. Declines from peak value in the city generally range from 12-25%, though it all depends on the exact time, location and terms and conditions of your purchase. If your appeal is successful, the reduction…
Tuesday, December 28th, 2010 at 7:24pm. 1344 Views, 0 Comments.
By Kelli Galippo • Dec 15th, 2010 •
California communities with a high volume of foreclosures are struggling to maintain the appearance of their neighborhoods as the influx of renter-occupants invests less time in the upkeep of their homes.
When investors buy up foreclosures and rent them out, the increased renter-to-homeowner ratio means neighborhoods are occupied by fewer homeowners motivated to spend time mowing their lawns and making repairs. Even worse, many foreclosures become vacancies, without even a tenant to hold accountable for overgrown or dead lawns.
Those remaining as long-time residents in foreclosure-plagued neighborhoods are legitimately concerned the increase in rentals will lead to a decrease in the community’s curb…
Thursday, December 23rd, 2010 at 12:33pm. 1477 Views, 0 Comments.
FDIC Reports High Volumes of Delinquent Construction Loans
By Kelli Galippo • Dec 13th, 2010
Nationally, one out of every six dollars of construction and development (C&D) loans issued by banks, roughly 16% of all C&D loans, are at least 90 days delinquent as of September 30, 2010. Another 2% are 30 to 90 days delinquent.
Fourteen percent of all C&D loans in the 12th Federal Reserve District (Alaska, Washington, Oregon, California, Idaho, Nevada, Utah, Arizona and Hawaii) are more than 90 days delinquent. 3.7% of all types of bank loans in California are more than 90 days delinquent.
This trend in delinquencies has remained largely unchanged in the last three months. The rate of delinquency on C&D loans is eight times greater than the rate of…
Thursday, December 23rd, 2010 at 12:32pm. 617 Views, 0 Comments.
Robust Pending Sales Activity Presages a Stronger Housing Market for San Francisco
Posted on December 19, 2010
SAN FRANCISCO–Pending sales activity in the San Francisco housing market jumped 22 percent from November 2009 to 2010, according to the latest Market Focus report, published jointly by the Rosen Consulting Group and the San Francisco Association of REALTORS®.
“Robust pending sales activity should lead to a rebound in closed sales activity in the coming months in San Francisco”
Of these sales, 48.1 percent were single-family homes priced at less than $700,000—a significant increase when compared with November 2007, when 26.7 percent of pending home sales were in this price segment.
“Robust pending sales activity should lead…
Tuesday, December 21st, 2010 at 12:51pm. 633 Views, 0 Comments.
San Francisco City Overview
Buena Vista Park
Forest Hill Extension
Golden Gate Heights
Jordan Park / Laurel Heights
Lake Shore / Lakeside
Tuesday, December 21st, 2010 at 12:50pm. 453 Views, 0 Comments.
Despite mostly negative reports from other parts of the country, the San Francisco home market has performed relatively well since the autumn market began after Labor Day. Indeed, the number of listings accepting offers in November was well above last year’s and the median home price is at its highest since the April tax-credit crush. Typically the market slows down dramatically from mid-November to mid-January, but so far it is slowing far less than usual.
Generally speaking, 30-40% of San Francisco new home listings accept offers within 30 days of going on market (i.e. quickly). They are perceived as good values, often attract multiple offers, and the sales prices for such homes are still, on average, slightly above the list price. (Houses perform…
Tuesday, December 14th, 2010 at 9:39am. 508 Views, 0 Comments.
Unusual Buyer Need: (thinking about selling?)
Price Range :< $1,100,000 Neighborhood: Potrero Hill N. Slope Brief Description: Buyer seek 3BR home well located on Potrero Hill. Moderate fixer OK. Must have yard or reasonable outside space.
Price Range :< $850,000 Neighborhood: Inner Mission & Park Areape Brief Description: Buyer seek 3 bedroom home well located on Potrero Hill. Moderate fixer OK. Must have yard or reasonable outside space .
Price Range :< $699,000 Neighborhood: District 5 Brief Description: Buyer seeks Condo or TIC, 2 bedroom/1bathroom, Balcony…
Upcoming listing: $899,000 // Liberty Hill/Castro // 614 Noe Street BR/BA: 1/1PKG: Brief Description: Development Opportunity perfect for owner occupier. Awesome block in Liberty Hill/Castro. Great opportunity for end user, architect or someone to build dream home. Tear down cottage with preliminary plans for 3000+ sq. ft house. 4 bedroom/3bathroom. Property been through historical review and found not to be historic. Property not habitable. Lot is gigantic (over 3400 sq. ft) and there are panoramic views to the West, North and East.
Price Reduction: $699,000 Old Price: $717,000 // Inner Sunset // 1244 6th Ave. BR/BA: 2/1 PKG: 1 Brief Comments:$699,000>$850,000>$1,100,000>…
Saturday, December 11th, 2010 at 6:54pm. 544 Views, 0 Comments.
The monthly Market Charts Dynamics newsletter will come out next week (after all November’s data is in).
Here is the updated ROI Chart comparing major stock indices with SF home values since January 2000. Comparing stocks with real estate is like comparing apples with bagels, but still it’s kind of interesting.
Weekly Activity Charts through November 28th.
Listings Accepting Offers by Week: big drop off for short Thanksgiving week, but still more activity than several weeks during the summer, and only 16% below the weekly average for the past 6 months. Buyers still seem to be out there making deals.
Listings Actively for Sale: continuing to drop as is common as the holidays begin. The lowest number in the past 6 months, but still…