Blog with news about the San Francisco high-rise condominium and loft market.
There are currently 174 blog entries related to this category.
Sunday, December 12th, 2010 at 2:54am. 0 Comments.
|Oct. 2010||Sept. 2010||Oct. 2009|
|CA Unemployment Rate||12.4%||12.4%||12%|
Unemployment Statewide The above chart depicts joblessness in California over the past 30+ years as a percentage of the state’s total labor force, and encompasses several run-of-the-mill recessions. As shown on the charts, unemployment over the past year has lingered at a higher percentage of the labor force than at any time in recent history, following the sharpest spike in unemployment since the Great Depression. Expect our recovery to be correspondingly longer than the recessions of the past 35 years. The above figures do not include those who have dropped out of the job market or are voluntarily unemployed.…
Sunday, December 12th, 2010 at 2:53am. 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 3BR 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, BR/BA: 2/1, Balcony…
$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.
Friday, December 3rd, 2010 at 11:10pm. 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. I’ve attached the JPG of this chart as well. (And it’s on the ParaScope.)
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…
Friday, December 3rd, 2010 at 8:29pm. 0 Comments.
32,669 new and resale homes closed escrow in California during October 2010, down 21% from one year ago when 41,280 sales closed escrow. Statewide, sales volume has continued to show its recent downward trend both in annual and monthly sales: home sales have dropped slowly but consistently since June of this year. Southern California (SoCal) home sales are trending downward more quickly than Northern California (NorCal).
Real estate owned (REO) resales accounted for 36% of all resales in the third quarter 2010— down from 39% of resales one year earlier. Declining REOs are good news, but the drop is not likely to continue into 2011, as delinquencies have recently been on the rise in California.
Speculators and investors accounted for 22% of…
Friday, December 3rd, 2010 at 8:28pm. 0 Comments.
The past and future of jobs in California: the number of people employed:
|October 201013,938,200||September 201013,838,400||October 200913,963,000|
Current, detailed employment numbers for California’s biggest counties:
To understand the real estate market, look first at state employment.
- In the one month period from September 2010 to October 2010, 99,800 jobs were gained in California.
- A total of 251,800 jobs have been gained in CA in the since January 2010.
- The total number of jobs lost in CA since the start of recession in December 2007 is 1,410,000.
- Employment trends point to a recovery beginning in Orange County. This is especially good news for apartment owners,
Tuesday, November 30th, 2010 at 7:47pm. 0 Comments.
Weekly market charts that run through November 21st for houses, condos, TICs and 2-4 unit buildings:
Listings Accepting Offers: last week, the number soared to the highest level since the April tax credit rush.
Percent of Listings Under Contract: highest in 6 months.
New Listings: declining rapidly as we head into the holidays.
Listings Actively For Sale: slowly declining
Friday, November 12th, 2010 at 2:32am. 0 Comments.
$2,995,000 // Noe Valley //465 Hoffman BR/BA: 4/4.5 PKG: 2 Brief Description: Stunning architecturally significant home with dramatic views and an au-pair unit down.
$1,695,000 // Cole Valley // 8 Carmel Street BR/BA: 3/3 PKG: 1 Brief Description: Historic building, once Firehouse # 40, now a 3 level townhouse condo remodeled with exquisite details. About 2800 square feet with views of GG Bridge and headlands from the master suite. Open and elegant loft-like living room with original fire pole. Gourmet kitchen. Bonus Darkroom. Avail to show in a couple of weeks.
$699,000 // Miraloma Park // 715 Myra Way BR/BA: 3/2 PKG: 2 Brief Description: Charming single family home with great floorplan – 3 bedrooms on main level and bonus…
Sunday, November 7th, 2010 at 8:00pm. 0 Comments.
Buyer demand has been strong since the autumn sales season began in mid-September. Overall median home prices continue to remain stable – as they have for the past 12-16 months – jogging up and down within a narrow band of value. Inventory is about 12% higher than 1 year ago, but Months’ Supply of Inventory remains at about 4 months of inventory, which is considered a relatively balanced situation between buyer’s and seller’s markets. However, for every 10 listings that have sold in the past 4 months, another 8 have expired without selling: buyers are choosing those properties they consider fairly priced (which typically sell quite quickly) and ignoring the rest. Average Days on Market for those houses, condos and TICs which did sell in October was 54…
Sunday, November 7th, 2010 at 7:59pm. 0 Comments.
$2,000,000 // Sea Cliff //134 32nd Ave BR/BA: 4/3 PKG: 2 Brief Description: 3,000 sq. ft., 4 level detached home. Great floor plan.Grand family room with walk-out decks to the west and east on the topfloor. 180 degree views of the GG Bridge, Presidio, downtown, and much of the city. Gorgeous woodwork and period details. One block from the Lands End trailhead and the famous 17th hole of the Lincoln Park Golf Course. Short walk to China Beach and the Legion of Honor. FIRST OPEN: Sunday, Nov. 7th FIRST BROKERS TOUR: Tuesday, Nov. 9th.
$499,000 // SOMA // 301 Langton Street. BR/BA: 1/1 PKG: 1 Brief Description: Great 3 level townhome with private garage and private roof deck, FAB price!!!!
$329,000 //Daly City //103 Pamela…
Sunday, November 7th, 2010 at 7:58pm. 0 Comments.
Listings Accepting Offers by Month (past 2 years): October has been one of the four most active months in the last 25 months.
Listings Accepting Offers by Week (over the past 6 months): strong activity since mid-September. And it picked up again in the week ending October 31st.
New Listings coming on Market: after the huge spike in September, October has subsided as we move into the later weeks of the autumn selling season.
Average Dollar per Square Foot for SF House Sales: very stable though jogging up and down by month. October 2010 was almost exactly the same as October of 2009, and just barely above the average for the past 13 months.
Median Price for SF Condo Sales: very stable, though jogging up and down by month. A tad…