CFAH

RealRecentReductions: 1914 Greenwich Street

RealRecentReductions: 1914 Greenwich Street

“Reduced $155K – Look Again” the listing begs (that’s a discount of 6.6% on a new listing price of $2.195m). The house is in a great location, and it’s spacious, but it still needs a lot of updating (just take a look at the kitchen). And only one parking... Read More »

A Reader Request

A reader writes: “was just curious if you knew what the legal ramifications will be when all these people who have a mortgage in common through a TIC find themselves upside-down?” Any readers care to comment before we share our two cents? Read More »

December Prices and Sales Fall In San Francisco

The California Association of REALTORS® (C.A.R.) reports that both prices and sales of single family homes fell this past December in the San Francisco Bay Area. According to C.A.R., the median sales price fell 1.4% while sales volume fell 9.8% from the month prior (down 14.2% from December 2004).... Read More »

Not A List We Really Wanted To Make

Business 2.0 has just released their list of 101 Dumbest Moments in Business for 2005. And we’re not too thrilled to report that the San Francisco Bay Area real estate market made the list. Coming in at number 67: 67. Can’t keep up with the Joneses? Heck, it’s bad... Read More »

NOPNA Is In The House

The North of Panhandle Neighborhood Association (NOPNA) announces “the first of a series of Community Meetings to discuss the Future of the Lower Divisadero Commercial District (approximately between Haight and Eddy).” This first meeting will be held at 6:30 PM on Wednesday, February 8 at the CPMC Davies Hospital... Read More »

Inconceivable!

The listing for 66 Cleary Court #708 reminds us of that immortal quote from Inigo Montoya in The Princess Bride: “You keep using that word. I do not think it means what you think it means.” This listing touts a “$24K drastic price reduction!” on a listing price of... Read More »

2967 Pine Street: New Broker, New Price

2967 Pine Street: New Broker, New Price

It might be listed as “On Tour as New”, but we know better. 2967 Pine Street is back on the market with a new broker and a new price. Apparently Sotheby’s has been kicked to the curb (the property is now listed with Brown & Co.), and the price... Read More »

We’re Still Not Moving To Texas

Local Market Monitor, a real-estate market research provider, estimates that the San Francisco/Oakland real estate market is overvalued by 53%. “The level of over-valuation matters in three ways, according to Ingo Wenzer, president of Local Market Monitor. The higher it is, the greater the risk of it correcting; the... Read More »

Declining Sales (And Prices) In December

Declining Sales (And Prices) In December

According to DataQuick and the Chronicle, Bay Area single-family home sales were down 15.5% compared to December 2004 and the median sales price dropped 3.5% as compared to November 2005. It should be interesting to see what The California Association of Realtors reports on January 25th. Slowing sales, increasing... Read More »

Broker’s Index Says…Buyers Market In Marin

Broker’s Index Says…Buyers Market In Marin

Real estate broker Nate Sumner developed The MARKET HEAT Index™ to track “the intensity of buyer competition for listed residential properties.” The Index is derived by “adding the number of closed residential sales in the prior 30 days to the number of current pending residential sales and then dividing... Read More »