San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
The sale of 1604 Castro Street closed escrow yesterday (11/5/08) with a reported contract price of $1,000,000 (was listed for $1,050,000). Purchased for $920,000 in December of 2004, the sale…
From a plugged-in tipster: “A one-bedroom for $2.895 MM! There are a lot of pocket listings/off-market listings out there right now.” That there are. Let’s think about why and what…
Inventory of Active listed single-family homes, condos, and TICs in San Francisco remained flat over the past two weeks but is running 18.0% higher on a year-over-year basis. The number…
A year ago Friday the Federal Reserve cut its benchmark interest rate to 4.5% and signaled that further cuts were unlikely. The thought at the time: “Today’s action, combined with…
It’s now “official” and in the open. The construction of One Rincon Hill’s second tower has been indefinitely put on hold. And roughly 30% of tower one inventory has yet…
With Argenta (One Polk) on the market as an apartment building, and a reader suggesting that The Artani (818 Van Ness) might just follow suit (in terms of going rental),…
According to the August 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 3.5% from July ’08 to August ’08 and are down 27.3%…
Sales of U.S. new homes rose 2.7% from July to September on a median sales price not seen since September 2004, but fell 33% from September 2007 on overall lower…
Plugged-in people knew the cuts were coming. And as one reports, they’re here. Prices at Symphony Towers (750 Van Ness) have been reduced by up to 30% or $136,000. A…
“With the markets in turmoil and rents falling, Beacon Capital Partners has suspended construction on its 27-story office tower at 535 Mission St., the only speculative downtown highrise slated to…