February 22 2009

Absorption Rates: Pacific Heights

This was part of another report I prepared, showing the absorption rate for condos in the Pacific Heights neighborhood of San Francisco.  Per the MLS, there was an average of 4.3 sales a month in Pacific Heights over the last three months.  The second data point is the number of sales in the $1.4-$1.8 million dollar range city-wide, which [...]

February 21 2009

Absorption Rate: Downtown, Financial District, SOMA, South Beach

This was part of a report I prepared recently for a client, and I thought I’d share it.  Numbers are drawn from the MLS, and per the MLS in San Francisco the average absorption rate for condos in the Downtown, FiDi, SOMA and South Beach areas was approximately 2.7 properties a week, and for one [...]

February 6 2009

Radiance San Francisco Condos Has Major Price Drop

While they’ve been discussing upcoming price “adjustments” (the term they used when I spoke with them a few weeks ago), it’s now official and it’s quite an adjustment.  When it comes to real estate, money talks and it seems just about all new developments in San Francisco have gotten the message.  I’m taking a client [...]

February 2 2009

Buying a Short Sale

While not specific to San Francisco real estate, CNN had a decent article on buying a short sale:
“Snag a Great Deal on a Short Sale” -cnn.com
From the article:
The good news is that short sellers are likely to still be living in the home and some may even be current on their payments. That means these [...]