After years of pointing to skyrocketing sales and price data to hype the market, the Santa Barbara Association of Realtors is now taking the fifth as the market has turned less favorable for the group. From the Santa Barbara News-Press: “Over the past several years, the News-Press has obtained... Read More »

2918-2924 Pine is back on the market with a new broker, and a new price to match. The property is now listed at $1.3M, a $250K (16%) drop from the original asking price of $1.55M. And insiders tell us that the owners walked away from a below asking offer... Read More »

A beautiful renovation, great use of space, and fantastic location…but asking ~$750/sqft is definitely pushing the envelope for TIC units (yes, even with the pre-installed plasmas). Maybe if they had one of those fancy websites… Be sure to report back if you stop by the open house this weekend... Read More »

“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 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 »

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 »

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 »

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 »

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 »

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 »