February 2008

There are 16 blog entries for February 2008.

Are you looking for that luxury high-rise that pampers not only you but your pet as well?   The luxury high-rise condominium Axis is hosting an open house just for your best friend!   Start the day off with downtown neighborhood walking tours with your pet. Enjoy views from three Axis models, the historic (and pet friendly) De Anza Hotel, Guadalupe River Park and more.   Discover the downtown living lifestyle that can be enjoyed by you and your pet.   For more details on date and times call me toll free at 800.577.4919 ext 718
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I don't normally post entire articles, but I thought this recent article by Dr. Jim Gaines, research economist for the Real Estate Center at Texas A&M University was very relevant and interesting for those questioning the strength of the north Texas Real Estate market. Fort Worth is poised for greatness and real estate is historically a wonderful investment when held for the long term.

COLLEGE STATION, Texas--(Business Wire)-- Affordable housing is the state's ace in the hole in the predicted future high-stakes real estate version of Texas hold 'em. In fact, the state's leading expert on residential real estate is betting housing affordability will be the "most significant growth stimulant" for Texas over the next 25 years. "Texas is the most…
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Summary Points to “January 2008 SF House & Condo Sales” Statistics

Every other Bay Area County has seen a drop in median sales price except for San Francisco, which still shows a 3% increase year over year. However,  the January 08 SF median price of $790k has decreased from prices achieved in April – November of 2007. The peak was in May 07 at $840,000.

The median Days on Market figure for sold properties in SF is relatively unchanged—those properties that are selling are selling relatively quickly—but the Days on Market of properties for sale is increasing significantly, i.e., those properties not selling are staying on the market longer.

In SF, overall unit sales have been declining and inventory is increasing (to 4 months of

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Just behind what you may know as “The School House” in Little Italy which is filled with boutiques and artist’s showrooms you will find another building which, if you didn’t know any better, would think it still held classes Monday through Friday.  

 

In reality 2043 Random in Cleveland’s Little Italy, stopped having classes in the 80’s and was converted into apartments shortly after.  Those apartments are now being sold off one by one as condos.  

Each condo is very unique in its design and use of space.  There are one and two bedroom units available starting in the $130,000s and going up to $250,000.  The coolest thing about this place is its location.  If you like Little Italy, you can’t beat it.  

 

You may have trouble getting

3,429 Views, 3 Comments.

Each month thousands of Realtors in the D/FW metroplex flock to their computers to pull the latest MLS statistics for their effective service area. Many rely heavily on the North Texas Real Estate Information System Multiple Listing Service (NTREIS MLS) to determine how they will position homes for sale in the market and how they will council their buyers when it is time to write an offer. The extreme fluctuations in the projected months of inventory graph shown above depict the unreliability of MLS information.   Historically, this has been the source for credible information and the source of their/our *cough* power. Currently the public cannot view specific homes sales statistics without asking for the assistance of a…
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A house of cards: Existing sales fall
In fourth quarter of 2007, 45 states dealt a losing hand
By By Alan Zibel , Associated Press
Friday, February 15, 2008


Sales of existing homes fell in 45 states during the October-December quarter, with metropolitan areas showing growing weakness, a real estate trade group said Thursday.
The fourth-quarter data from the National Association of Realtors underscore the breadth of the housing market's slump.
South Dakota was the lone state to show a sales increase.
Existing-home sales there rose 8.9 percent from the same quarter a year ago. Sales were unchanged in North Dakota. No sales figures were available for Idaho, Indiana and New Hampshire. Sales also fell in Washington, D.C.
Median home prices fell in more

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West Bend is a new mixed-use development in Fort Worth’s University district on the Trinity River, consisting of 90,000 square feet of specialty retail and restaurants, 122,600 square feet of Class-A office space, a 140 room lifestyle hotel, and potential residential.

West Bend is directly across from the University Park Village, south of I-30 and sits smack dab on the Trinity river and Trinity trails. Right now the plans are for "life style" retail chains, fine restauraunts, yet another boutique hotel and possibly a retail component.

 

This is a wonderful location and looks to be a very pedestrian friendly design. Fort Worth's urban living is picking up steam every day and we are finally utilizing a wonderful resource, the Trinity River!

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Projected date of occupancy for the very cool condo development on Lee Road has been pushed back to the 4th quarter of 2009.  This project seems to have everything going for it and the lack of pre-construction reservations can only be blamed on market conditions.  

Lee road is one of the hottest areas on the east side, full of restaurants, coffee shops, retail, and even a movie theater and it would seem that a luxury condo option would be an ideal addition. 

Stay tuned for more information on this project.  If it sounds like something that might interest you, give me a call to talk about your options.

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            The Infinity Adds a Surprise to the Menu
 

You can add contemporary American cuisine to the long list of amenities offered at what is sure to be one of San Francisco's finest addresses: The Infinity. The celebrated culinary team of Nancy Oakes, Pamela Mazzola and Ravi Kapur, with partners Kathy King and Richard Miyashiro-best known for their work at the eminent San Francisco restaurant Boulevard-will open a new restaurant in The Infinity.

Sure to attract foodies from San Francisco and beyond, the restaurant will offer fine dining in a comfortable atmosphere. For chefs Oakes, Mazzola and Kapur and Boulevard general manager King, The

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