That’s $50,000 Per Week
After less than two weeks on the market, 1515 Lyon Street has been reduced $100,000 (6.9%). Apparently people are getting jumpy out there. And the market has most definitely changed.…
Party Like It’s 2006
The Wall Street Journal reports on a growing trend of over-the-top parties, gift bags, and celebrity attended events that are being hosted by real estate developers targeting real-estate brokers and…
SocketSite’s San Francisco Inventory Update: 6/1/06
Based on more “back of the envelope” calculations, it appears that the inventory of listed housing inventory in San Francisco has remained relatively flat over the past two weeks (although…
OFHEO Reports 1.15% First Quarter Appreciation For San Francisco
The Office of Federal Housing Enterprise Oversight (OFHEO) released its first quarter House Price Index (HPI) and appreciation tables this morning. According to the OFHEO, “U.S. home prices were 12.54…
Families Are Fleeing
While babies are booming in San Francisco, “school enrollment is slipping, and the city’s school-age population is sliding.” Why? Families are fleeing the city in search of larger abodes, yards,…
C.A.R. Reports For April ‘06
According to the California Association of Realtors, the median price of a single-family detached home in the San Francisco Bay area is up 2.9% year-over-year while the pace of sales…
Speaking Of The Need To Differentiate
There are now 495,000 licensed real estate agents in the state of California (up 14% last year, and up 57% from five years ago). That equates to almost one agent…
SF Year-Over-Year Appreciation Now At 3.6%
Two weeks ago we made a relatively bold forecast that year-over-year home appreciation in San Francisco would dip below 6%, and could potentially drop to as low as 4% (based…
Inventory Update: 5/18/06
Based on some back of the envelope calculations, we estimate that listed housing inventory in San Francisco is up over 40% since the beginning of the year and is now…
San Francisco New-Home Sales Decline
Okay, so we overlooked it when the Wall Street Journal ran the piece last week, but we caught it when it hit the Myrtle Beach Sun News (don’t ask). And…