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Statistical Analysis of SF Market

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WSJ Article: Yes, the Housing Market Has Rarely Looked Better

By JAMES B. STEWART

Passing through the Fort Myers, Fla., airport a few weeks ago, I noticed people eagerly signing up for a free bus tour of foreclosed real estate—with all properties offering water views. During the ride to my hotel, the young driver volunteered that he had just bought his first house, paying $65,000 for a foreclosed property in nearby Cape Coral that last sold for over $250,000. He said he had never expected to be able to buy anything on a driver’s salary, let alone something that nice.

Last week, Standard & Poor’s reported that its S&P/Case-Shiller U.S. National Home Price index of real-estate values increased this past quarter over the first quarter of 2009, the first quarter-on-quarter increase in three years. Its index of 20 major cities also rose for the three months ended June 30 over the three months ended May 31, with only hard-hit Detroit and Las Vegas experiencing declines. The week before that, the National Association of Realtors reported that sales volume of existing homes was up 7.2% in July from June.

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Get a sneak peek of what’s coming

This week’s list of our upcoming listings, pocket listings, price reductions and well, frankly, we have buyers looking for properties that aren’t on the market, yet.

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SF Under Construction

From Socketsite:

”According to the San Francisco Planning Department and its 2004 and 2009 Housing Element Report, San Francisco’s big picture housing pipeline is as so:

· 156 projects with 6,510 housing units are currently under construction
· 168 projects representing 2,850 units have received a building permit
· 316 projects representing 4,480 units have applied for a building permit
· 92 projects representing 6,200 units have been approved by the Planning Department
· 130 projects representing 34,750 units have filed for Planning Department approval

From the Planning Department’s report:

Collectively, these 54,790 new units represent San Francisco’s pipeline projects….It is possible that some of these projects may not go forward due to shifts in economic and legislative conditions. However, production trends over the last decade show that as much as 85 percent to 90 percent of pipeline project units are completed within five to seven years.”

Buyers’ Needing Specific Properties and Coming Soon List!

This week’s list of our upcoming listings, pocket listings, price reductions and buyers looking for a certain type of property:

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348 Greenwich – Open on the Steps this Sunday from 2 to 4

A private retreat, located on the “only in San Francisco” Greenwich Steps! This charming one bedroom, one bath condominium has sweeping Bay Views and a lovely deck for relaxing and entertaining. There is an additional room that’s ideal for a home office. There is also an exclusive use terraced yard just off the deck – enjoy gardening or potential for expansion.

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Inside Scoop – Properties Needed – Price Reduction

This week’s list of our upcoming listings, pocket listings, price reductions and property types buyers are looking for (interested in selling? an off-market deal?):

Upcoming listings:

$849,000 // Dolores Heights // Hancock BR/BA: 2/2 PKG: 1 Brief Description: Open and spacious full-floor condominium. Exclusive-use terrace with second bedroom used as an office and den. Remodeled master bath in 2006 with permits. Quiet and peaceful, just few minutes away from the best of SF dining/activity/nightlife. Low dues: $210/month.
 
$775,000 // Bernal Heights // Bradford St  BR/BA: 2/ 2+ PKG:  2  Brief Description: Perfect Bernal layout with 2 bedrooms & 2 baths on the main level. Master suite with large bath and French doors to the deck with downtown views.  Remodeled kitchen with stainless steel appliances & dining area with great access to the deck.
 
$369,000 //Baysview Heights // Crescent Way #2404  BR/BA: 1/1PKG:  2 Brief Description: Spacious 1 Bedroom with 2 CAR PARKING. The developer still has a unit they are selling with 1 car parking for $389,000. Great value, very motivated seller. Candlestick point development, gated community. FHA approved building.
 
$350,000 // Western Addition // Eddy St. BR/BA:  1/1 PKG:  1 Brief Description:  Perfect for your budget buyers, this freshly painted unit is in an 8-unit, 1984 building.  Deck off bedroom, two huge walk-in closets, addnl storage.  1block toYoshi’s.  Great value!  
 
Pocket Listings:

$1,495,000 // Monterey Heights // Rosewood BR/BA: 4/3.5 PKG: 2 Brief Description: Fabulous 3-levels Tudor home, remodeled with a great yard.
 
$1,198,000 // Pacific Heights // Vallejo #310 BR/BA:  2/2 PKG: 1 Brief Description:  Sexy remodeled (totally done) condo with bay views and large deeded deck.
 
$799,000 // Downtown // Alice B Toklas BR/BA:  2/1.5 PKG: 1 Brief Description: Square Footage: 1,337 +/-; 53 Units; 24 Hour Security; Converted: 1999 by David Baker + Partners; Earthquake Insurance.
 
Price Reduction:

$799,000 Old Price: $ 835,000 // Golden Gate Heights // 1806 15th Ave BR/BA: 3/2.5   PKG: 2 Brief Comments: Fab price for this home! Great Yard.  
 
Unusual Buyer Need:

Price Range: < $2,000,000 Neighborhood: Castro Brief Comments:  Buyers looking for SFR BR/BA: 3/2 min. largely redone. Must be in the heart of the Castro!! 6-month old twins, so needs to be kid-friendly!

How Not to Price a Home to Sell – courtesy of T. Geithner and The Daily Show

The Daily Show With Jon StewartMon – Thurs 11p / 10c
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What’s Coming Up – What’s Needed for Buyers

This week’s list of upcoming listings, pocket listings, price reductions and properties that buyers are looking for (want to sell?)…

Upcoming listings:
$2,450,000 // Cow Hollow // Filbert Street BR/BA: 3/ 3.5 PKG: 2 Brief Description: Beautifully renovated from the studs up – SFH – green certified with solar roofing. PLUS-legal unit below that can be used for au pair/guests/family room. Fabulous finishes – great curb appeal – A must see! 
 
$2,195,000 //  Presidio Heights // Jackson St   BR/BA: 3/2 PKG:  2  Brief  Beautiful, well appointed and fully renovated, spacious Edwardian Flat with private garden, one bedroom in-law, gym, wine cellar, the works! 

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