“Please join Plan C at 8:15AM on Wednesday, Feb. 3, on the City Hall steps for a rally to support condo conversion reform! As many of you know, the condo lottery drawing happens at 9AM on February 3, and we’ll be done in time for you to attend the lottery itself.
You may have read within the last few months in the Chronicle and in the Examiner that the mayor’s office is considering again the possibility of a condo-lottery bypass initiative for qualifying TIC owners.
Here is the interest rate chart (for the last 6 months) pulled today from bankrate.com.
Click on the image for a full-size view.
SF made it into the top 10 cities to buy in based upon a study done by Forbes magazine:
10 Cities Where It’s Smarter to Buy
For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities.
To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years.
Here are the top 10 cities the magazine chose as the best places to buy right now.
Upcoming listings:
$890,000 // SOMA // 1st Street BR/BA: 1/1 PKG: 1 Brief Description: Stunning elegant 1 Bedroom Deluxe floor plan with nook and lots of upgrades
$829,000 //Dolores Heights // Liberty Street BR/BA: 2+/1 PKG: 0 Brief Description: Top floor, Edwardian condo. 2BD; office; open living/kitchen, deck, w/fantastic views of Headlands; Downtown; Bay & Bridge. Beautiful period detail: boxed beam ceilings; fireplaces & mantels; built-ins; etc
$525,000 // Lone Mountain // Stanyan BR/BA: 1 /1 PKG: 1 Brief Description: Spacious contemporary condo in excellent neighborhood. Open floor plan, dining room & updated kitchen and bath. Move-in condition!
Upcoming Listings:
$1,095,000 //SOMA // 5th Street BR/BA: 2/2 PKG: 1 Brief Description: One-of-a-kind custom live/work loft in former warehouse. 24’ ceilings, fireplace, over 1,620 SF. 6 min to BART, 8 to Union Square
$779,000 // Inner Mission // Shotwell Ave Brief Description: 4-Unit building Contractor’s special- great investment. At least 1-unit vacant, Bankruptcy sale, no parking
$595,000 //SOMA // 6th Street BR/BA: 1/2 PKG: 1 Brief Description: Stylish spacious loft with downtown view, full bath on living & mezzanine levels, gas kitchen, 15-unit elevator building
$499,000 //SOMA // First Street BR/BA: 1/1 PKG: 1 Brief Description: Nice junior 1-bedroom condo with west-facing city views. Great condo for first-time buyers or for pied-a-terre
Pocket Listings:
$2,299,000 // Mission Dolores BR/BA: 4/2.5 PKG: 2 Brief Description: 3k sq ft, chef’s kitchen, library, play room, two offices, deck and no yard
$1,350,000// Marina // Webster BR/BA: 2/2 PKG: 2 Brief Description: Fabulous remodeled lower condo in a 2-unit building. Hardwood floors, wood-burning fireplace, gourmet hi-end kitchen, 2 full bathrooms and outstanding location!
$TBD// Hayes Valley // Laguna BR/BA: 2/2 PKG: 1 Brief Description: Condo in same building that I listed the 2BR in last year. 1100+ sf. 2/2. Contemporary 1990s construction. Hardwood floors. Great building with good energy. Big storage. Tenant occupied. Delivered vacant will be priced in the Mid-600K’s
Price Reduction:
$519,000 Old Price: $549,000// South Beach //Harrison Street BR/BA: 2/1 PKG: 1 Brief Comments: Great value in South Beach- perfect for first time home buyers or as an investment. Needs cosmetic upgrades.
Unusual Buyer Need:
Price Range :< $ 3,000,000 Neighborhoods: Cole/Noe/Eureka/Mission-Dolores Brief Comments: 4+BR family house w/yard, 2-car parking
Price Range: < $2,000,000 Neighborhood: Marina, Pacific Heights, Presidio Heights, Cow hollow and District 8 Brief Comments: Looking for a small building or commercial condo for use as an office.
Price Range: < $1,600,000 Neighborhood: Mission Dolores, Duboce Brief Comments: Looking for a 2-unit fixer with 2-levels. 3+BR upper flat and 2+ BR lower flat PKG: 2-3
Price Range: < $1,500,000 Neighborhood: Marina, Pacific Heights, Russian Hill and Lake Brief Comments: Looking for a renovated condo, min 1700 sq.ft. parking and charm (high ceilings, etc). Will consider Noe and Cole Valley if single-family home.
Price Range: <$1,500,000 Neighborhoods: Pacific Heights/Cow Hollow >>ONLY<< Brief Comments: Picky buyer looking for 2bd w/parking & a view
Price Range: <$1,400,000 Neighborhoods: Noe, Mission Dolores, Duboce, Hayes Valley, Nopa and Alamo Square Brief Comments: Looking for 3-4 units building. Flexible about condition and parking
Price Range: <$1,250,000 Neighborhoods: Marina, Cow Hollow, Russian Hill, North Beach, Pac Heights, Noe Valley and Portero Brief Comments: Buyer needs a Condo BR/BA: 2/2 or BR/BA: 3/2 with at least 1,500 square feet, parking and open space – preferably private roof deck or balcony/deck with some views. Small building – less than five units ok with Quiet Street. No street level or low level floors
Price Range: <$1,200,000 Neighborhoods: Potrero, Noe Brief Comments: Buyer needs SFH or Condo 3 beds, min 2 bath with parking new or recently remodeled, at least 2000 sq. Ft.
(Editor’s Note: Set forth below are Unit Sales/DOM/Monthly Supply charts for the month of November for single-family homes, condominiums and 2-4 units, as well as Supply/Demand, Sales Rate and Median Price charts for the same month.)
Single-Family Homes
Condos
2-4 Units
In 2009, its 5th year in business, Paragon…
Here is a resource for information on mortgage rate trends. Bankrate.com provides a tool for creating simple charts in a variety of types for periods of 3 months to 5 years. Sometimes it’s nice to have a simple chart, and there are so many situations in which this could come in handy.
There has suddenly been a lot of talk in the media about how, based upon December numbers, the housing market is faltering – and there’s talk of a “double-dip” and so on. Honestly, I have no idea what the future holds, but drawing big conclusions from 1 month’s data is nonsensical. In any case, here is a chart of SF listings going under contract. December’s ratifications did fall from the autumn, as they always do, but comparing the numbers to not only last year (crash) but to 2007, we see that December 2009 was not particularly weak, at least not here in SF.
