March 2020 – Page 4 – SocketSite™

Design & Architecture Industry Stuff Listings (for sale) RealRecentReductions Remodeling and Renovation

Now Listed for a Million Less in the Mission

March 10, 2020

Purchased as a 2,000-square-foot property, “in need upgrading,” for $1.31 million in May of 2018, the single-family home at 1160 Florida Street has since been redesigned by Martinkovic Milford Architects,…

Breaking News Neighborhoods SocketSite Readers Report

$13.5 Million Pac Heights Home Has Been Seized

March 9, 2020

It was back in April of 2018 that we tied the eye-popping sale of 2755 Fillmore Street for $13.5 million to Michael Lacey, the co-founder of Backpage.com, and two counts…

Breaking News Industry Stuff Listings (for sale) Real Estate Economics Trends

Number of Homes for Sale in SF Nearing a 9-Year High

March 9, 2020

Having hit a relative 7-year high last month, the number of homes on the market in San Francisco (730) has since climbed another 15 percent and listed inventory levels are…

As Proposed Design & Architecture Neighborhoods

Decidedly Modern Infill Dwellings Closer to Reality

March 6, 2020

First envisioned back in 2016, when the parcel was purchased for $375,000, the refined plans for a decidedly modern infill development of four single-family dwellings to be built on the…

As Proposed Design & Architecture Industry Stuff Neighborhoods

Bonus Plans for Historic City Lights Site on the Boards

March 6, 2020

With the 8-story, 200-unit micro unit development having topped out and finishing up construction next door, plans to redevelop the City Lights parcel at 1585 Folsom Street, on the corner…

Apples To Apples Bay Buildings Neighborhoods

Up and Down for Another Depreciated Mission District Penthouse

March 6, 2020

On the heels of the penthouse unit #504 atop the V20 building at 3590 20th having just resold for $2.5 million, up $261K (11.7 percent) versus its depreciated resale for…

Apples To Apples Listings (for sale) Neighborhoods RealRecentReductions

Dolores Heights View Home Drops Further Below Its 2015 Price

March 5, 2020

As we outlined in October of last year: Joining the ranks of newly reduced homes is 4085 20th Street, a modern 3,720-square-foot Dolores Heights home perched above Dolores Park, with…

Breaking News Real Estate Economics Trends

Benchmark Mortgage Rate Drops to an All-Time Low

March 5, 2020

The average rate for a benchmark 30-year mortgage dropped 16 basis points over the past week to a new all-time low of 3.29 percent, according to Freddie Mac’s latest Mortgage…

As Proposed Bay Buildings City Planning Design & Architecture Industry Stuff Neighborhoods

Plans for 966-Unit Hub District Tower Closer to Reality

March 4, 2020

While originally expected to occur last year, the Environmental Impact Report (EIR) for the proposed 55-story tower to rise up to 590 feet in height, not including a 20-foot-tall parapet,…

Apples To Apples Bay Buildings Neighborhoods

Back up (To Early 2016 Pricing) on Nob Hill

March 4, 2020

As we outlined at the end of 2017: Purchased for $1.2 million or roughly $1,136 per square foot in January 2016, the 1,056-square-foot one-bedroom condo #1212 within Gramercy Towers at…

Parklife on An Opportunity to Capitalize on a Bernal Heights Blaze
Except that the S&P return during that same period was approximately 88%, without holding costs (albeit assuming this was leveraged,…
Brahma (incensed renter) on An Opportunity to Capitalize on a Bernal Heights Blaze
If anything good can come from this, hopefully tthose who aren't cheerleading development and have concerns about neighborhood character will…
Jack on An Opportunity to Capitalize on a Bernal Heights Blaze
I guess it’s hard to argue with value engineering low income housing, but what a shame they were not able…
Brahma (incensed renter) on An Opportunity to Capitalize on a Bernal Heights Blaze
A joint venture led by three local developers including Bernal Heights Housing Corporation, Tabernacle Community Development Corporation, and Mitchelville Real…
Brahma (incensed renter) on Pace of Home Sales in San Francisco Drops
Lurie's key claim — and the big point in his favor relevant for this thread — is that he was…
Neighborhood Activist on Pace of Home Sales in San Francisco Drops
Your guess is as good as mine. He may be really good for SF, or he may be worthless. I…
Notcom on Pace of Home Sales in San Francisco Drops
Yes it is, definitely...one of the two.
sf on Pace of Home Sales in San Francisco Drops
Daniel Lurie as mayor... is this a turning point for San Francisco or more of the same?
Brahma (incensed renter) on Another 2 Million Square Feet of Vacant Office Space in San Francisco
That's not surprising and it's probably just an opener. The City Controller’s Office put out a report fairly recently that…
Neighborhood Activist on Pace of Home Sales in San Francisco Drops
I feel like this might be a psychological experiment to see when the last of us gives up and goes…

Now Listed for a Million Less in the Mission

$13.5 Million Pac Heights Home Has Been Seized

Number of Homes for Sale in SF Nearing a 9-Year High

Decidedly Modern Infill Dwellings Closer to Reality

Bonus Plans for Historic City Lights Site on the Boards

Up and Down for Another Depreciated Mission District Penthouse

Dolores Heights View Home Drops Further Below Its 2015 Price

Benchmark Mortgage Rate Drops to an All-Time Low

Plans for 966-Unit Hub District Tower Closer to Reality

Back up (To Early 2016 Pricing) on Nob Hill

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Pace of Home Sales in San Francisco Drops

Asking Rents in San Francisco Are Ticking Up, But…

Benchmark Mortgage Rate Poised to Inch Down

Asking Rents in Oakland Tick Up, Down Year-Over-Year

Month: March 2020

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