A Voyeur’s Dream Condo, Post-Bubble Buyer’s Dream Outcome
Purchased for $2,250,000 in 2007, remodeled with a wall of glass between a bedroom and living room to provide more light, and then listed for sale asking $2,595,000 in 2008,…
NAR’s Forward-Looking Indicator Drops To Lowest Level Since 2011
The National Association of Realtors has just revealed that their Pending Homes Sales Index has actually declined for eight months in a row and the “forward-looking indicator” is at its…
New Home Sales Drop Despite A 25 Percent Increase In Inventory
The seasonally adjusted annual pace of new single-family home sales in the U.S. dropped to 440,000 in February, down 3.3 percent from the 455,000 pace as measured in January and…
Postcard Row Home Survives Another Threat, Back On The Market
San Francisco’s Postcard Row was developed by Matthew Kavanaugh between 1892 and 1896, with the first house in the row at Steiner and Grove the developer’s own home. Having survived…
Mortgage Application Volume Dips, Down 17 Percent Year-Over-Year
The Mortgage Bankers Association’s Purchase Index, a measure of mortgage loan application volume for home purchases across the country, dropped 1 percent on a seasonally adjusted basis last week. On…
A New Peak For A Well-Designed Noe Valley Home
Listed for $2,599,000 last month, the John Maniscalco designed home at 836 Alvarado has closed escrow with a reported contract price of $3,400,000 ($1,037 per square foot). Yes, that’s $801,000…
The Massings For A Not So Massive SoMa Development, By Design
Rather than representing some ubermodern Sleeper-inspired design, the massings for the proposed SoMa development to rise on the corner of 9th and Howard are simply rendered to provide a sense…
Mortgage Rates Continue To Fall Along With Home Sales
With weaker housing data continuing to weigh on the market, the average rate for a conforming 30-year mortgage fell from 4.32 to 4.23 percent over the past week and is…
A Perfectly Average San Francisco Sale And Bubble Talk Revisited
The sale of 653 Duncan closed escrow today with a reported contract price of $2,251,000. Purchased for $1,550,000 in mid-2004, call it total appreciation of 45 percent for the Noe…
Banking On Renewed Appreciation For The Hamilton
Purchased for $221,000 in January of 2001, the 480 square foot condo #311 at The Hamilton (631 O’Farrell) was refinanced in 2006 with a new loan for $280,000. With a…