March 4 2009

Mark Company’s San Francisco New Developments Report Published

 
The Mark Company is one of the largest and most well known new development marketing companies (they market the properties and staff the sales centers, amongst other things), and every quarter they release a great report on the state of the market.  Here’s an excerpt:
The fourth quarter of 2008 marked the first quarter since 2001 [...]

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 [...]

January 22 2009

San Francisco New Development Listings

Here’s the latest in my occasional (and by no means complete) round up of new development starting prices.  For more information about the various buildings, visit my building directory at www.sfcondosales.com :
The Montgomery: 
Studios:  $501,000
1 Bedrooms: $596,000
2 Bedrooms: $1,125,000 
Heritage on Fillmore:
2 Bedrooms: $775,000 and $820,000 (two left) 
888 Seventh:
1 Bedroom: $450,000
Cubix SF:
Studios: $215,000
Symphony Towers:
Studios: $329,000
1 Bedrooms: $479,000

Arterra:
Studios: $449,000
Many [...]

September 19 2008

Single Family Home Sales August 07 vs August 08

Courtesy of Elaine LaMastra, Old Republic Title Co:

SAN FRANCISCO SINGLE FAMILY HOME SALES
AUGUST 2008 VS. AUGUST 2007

AUGUST 2008
AUGUST 2007

District 1:
Number of Sales:
8
16

Median Selling Price:
$1,278,750
$1,233,944

Average DOM:
22
27

District 2:
Number of Sales:
39
45

Median Selling Price:
$808,000
$900,000

Average DOM:
29
26

District 3:
Number of Sales:
17
20

Median Selling Price:
$650,000
$731,000

Average DOM:
59
37

District 4:
Number of Sales:
22
26

Median Selling Price:
$922,500
$1,015,000

Average DOM:
49
25

District 5:
Number of Sales:
35
34

Median Selling Price:
$1,290,000
$1,239,000

Average DOM:
31
25

District 6:
Number of Sales:
3
4

Median Selling Price:
$1,985,000
$1,284,500

Average DOM:
74
12

District [...]

August 27 2008

Zillow Now Offering Local Market Reports

While the data isn’t specific to San Francisco Condos, it’s worth a look:

Zillow Market Reports

August 13 2008

SF Biz Journal: “Another big tower slated for San Francisco’s Transbay”

From the San Francisco Business Times:
The San Francisco Redevelopment Agency is seeking a developer to tackle a prime 600-unit residential project at First and Folsom streets, the first step in a planned 2,600-unit highrise Transbay District the city is counting on to help pay for a new Transbay rail and bus terminal…It calls for a [...]

June 30 2008

San Francisco Condo Sales May 2008 VS May 2007

Courtesy of Elaine La Mastra (elamastra@ortc.com) at Old Republic Title:

SAN FRANCISCO CONDO SALES
MAY 2008 VS. MAY 2007

May 2008
May 2007

District 1:
Number of Sales:
15
17

Median Selling Price:
$850,000
$905,000

Average DOM:
62
30

District 2:
Number of Sales:
3
1

Median Selling Price:
$937,000
$790,000

Average DOM:
33
2

District 3:
Number of Sales:
3
4

Median Selling Price:
$380,000
$440,000

Average DOM:
86
50

District 4:
Number of Sales:
5
7

Median Selling Price:
$606,000
$585,000

Average DOM:
40
37

District 5:
Number of Sales:
32
42

Median Selling Price:
$938,000
$911,000

Average DOM:
52
29

District 6:
Number of Sales:
8
15

Median Selling Price:
$831,500
$842,000

Average DOM:
35
26

District [...]

June 11 2008

San Francisco Real Estate Statistics

From the San Francisco Association of Realtors (district map available here)
District 1 …………………..May-07 ……………..May-08
Number of Sales [...]