Buyer Use & Effectiveness by Media Type From the NAR 2009 Profile of Home Buyers & Sellers

Not quite. On Tuesday, The House of Representatives voted to extend the tax credit for three more months for those who had a contract in place prior to April 30th, 2010. The extension is to allow them enough time to close on their purchases in order to receive the $8,000 federal income tax credit. According [...]

Upcoming listings:
$849,000 //Haight Ashbury // Beulah BR/BA: 2/2 PKG: 1 Brief Description: Fantastic, top floor unit, radiant heat, cherry floors, fireplace, top of the line appliances and FAB, deeded roof deck! Move in ready!

Houses Accepting Offers (week by week chart): this market is holding up pretty well, climbing back to the average level of a strong spring season. (The last week of April was a blip caused by the expiring Federal tax credit.)  Condos Accepting Offers (week by week chart): condo market has weakened more than the [...]

San Francisco & Bay Area…

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Here are market activity charts that cover the last 6 months by WEEK, through June 13, 2010.

Homes Listings Accepting Offers: market has slowed down quite a bit from April (the double tax credit rush), and by a smaller degree from May. The first week of June was significantly impacted by the Memorial Day weekend..

Upcoming listings:
$698,000 //Oakland/Temescal // 42nd Street BR/BA: 3/1.25 PKG: 3 Brief Description: Beautiful 2 story Craftsman corner home with lots of detail Property Website: www.Temescalcharmer.com

$549,000 //Civic Center // Van Ness Avenue BR/BA: 1/1PKG: 1 Brief Description: New release of the most coveted corner one bedroom model w/big sq. footage! Property Website: www.theartanisf.com

$1,995,000 // Forest Hill // Sotelo Ave BR/BA: 4/4.5 PKG: 2Brief Description: This elegant & gracious 1930’s Hollywood Regency home located on a sophisticated tree lined street awaits your clients. 4 Bedrooms and 4.5 bathroom home with lots of original details, wood burning fireplace, Golden Gate views, plenty of storage and beautiful French Revival garden Property Website: www.56sotelo.com www.56sotelo.com

San Francisco Real Estate: June 2010 Update

 

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SF Homes Accepting Offers
The market cooled in May after the frantic rush to get offers accepted before April 30th so as to qualify for both the expiring Federal tax credit & the new California tax credit. That rush inflated April’s results and deflated May’s, but May 2010 was still 9% above May 2009. Last year, the market did not slow appreciably — as is typical — during the summer months. We’ll see what happens in the summer of 2010.

 

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Inventory Absorption
This chart reflects a market that is cooling a little from the frenzy of April: both accepted offers and new listings are down a little; and residual inventory is up a little (but still lower than most of the past year). Residual inventory reflects listings that were active (available) on the last day of the month, but listed prior to the first day of the same month, i.e. listings from prior months that have not yet accepted offers.

Spring 2010 Home Sales at Selected Price Points

For $13,500,000

Pacific Heights on Broadway: 4 BR, 6 BA, 4-story mansion; GG bridge and bay views, elevator, 4 fireplaces, spa, garden, terraces, loggia, “unparalleled technology,” LEED energy certification, 2 car pkg.

For $3,000,000 to $6,550,000

$6,550,000: Pacific Hghts on Broadway: 7 BR, 5.5 BA, 1900 Victorian; GG & bay views from every level; south garden, elevator, 2 decks, 4 car pkg.
$5,600,000: Pacific Hghts on Steiner: 4 BR, 2.5 BA, 4-story, 5300 sq.ft. 1930 SFD (house); GG & bay views, au pair, 2 car pkg. $1057/sq.ft.
$4,440,000: Presidio Hghts on Clay: 4 BR, 3.5 BA, 12-room, 5150 sq.ft. 1910 Edwardian; media rm, gym, 1 pkg. $862/sq.ft.
$4,100,000: Russian Hill on Lombard: 3 BR, 2.5 BA, Spanish-Med SFD; GG & city views, 1 pkg.
$3,940,000: Sea Cliff on Lake: 4 BR, 4.5 BA, 5370 sq.ft. 1925 brick-front Colonial; GG & North Bay views, elevator, guest suite, library, 2 pkg. $734/sq.ft.
$3,600,000: Pacific Hghts on Pacific: 2 BR, 3 BA, 2714 sq.ft. 1924 penthouse; bridge to bridge views, terrace, solarium, 1 pkg. $1326/sq.ft.
$3,350,000: Noe Valley on 23rd: 4 BR, 3.5 BA, 1900 Shingle Victorian; bay and hills view, 2 pkg.
$3,100,000: Russian Hill on North Point: 3 BR, 2 BA, 2554 sq.ft. 1907 condo; stunning views, 3 decks, 2 pkg. $1214/sq.ft.

For about $2,000,000

Hayes Valley on Waller: 5 BR, 2.5 BA, 4-flr Victorian; deck, garden, full attic, 2 pkg.
Corona Heights: 4 BR, 3 BA, 2810 sq.ft. contemp. Edwardian; energy efficient, 2 pkg. $721/sq.ft.
Presidio Heights: 4 BR, 2 BA, 2289 sq.ft. 1911 top-flr condo; GG views, deck, pkg. $852/sq.ft.
Ashbury Hghts on Belvedere: 4 BR, 1.5 BA, 2680 sq.ft. 1906 Edwardian; elevator, pkg. $772/sq.ft.
Eureka Vly on Eureka: 3 BR, 3.5 BA, 2480 sq.ft. 2002 SFD; deck, solar panels, 2 pkg. $766/sq.ft.
Marina on Bay: 3 BR, 3 BA, 2415 sq.ft. 1929, 2-story Spanish-Med SFD; garden, 2 pkg. $821/sq.ft.

For about $1,500,000