Things are starting to ‘pop’ here in the City. Technology company leasing is up over 60% in China Basin and South of Market neighborhoods. The sale of the last large parcel in San Francisco of approximately 14 acres to Salesforce.com for something in the neighborhood of $289million has put a spark into the local scene [...]

Happy Thanksgiving….may you experience the inner peace and joy through the spirit of the holiday as our nation, families, friends and neighbors reflect on our blessings and share expressions of gratitude.
All the Best,
Lance

Well, the market is moving. But, it’s particular about how its moving is more to the point. The statistics are in now through the month of October and the supply budged up just slightly county-wide for condos and houses from the month before. The condo inventory really shot up a couple of months back going [...]

New to the market, we’ve just listed a spacious contemporary downtown view condo in the Buena Vista neighborhood at 119 Divisadero. It has an open floor plan with those desirable Eastern downtown views over the Bay and into the East Bay hills toward Mt. Diablo. There are views into Angel Island and Marin from the [...]

The current market is performing uneven across real estate segments and this is creating value in some segments and areas more than others. In the residential arena, single family homes are the strongest segment. The condo market is spotty – which is creating value in certain locations and types. The small multi-family buildings are struggling [...]

The International Real Estate Federation (FIABCI) just held its Fall Business Meetings in Seattle and I attended as San Francisco’s Local Council President. The meeting was well attended with approximately one hundred attendees from across the globe.
The meeting started with a cocktail party at the Columbia Tower Club atop Seattle’s tallest high-rise with amazing views [...]

Pricing is just about everything in this market. Buyers are value conscious and edgy. They’re talking themselves out of doing something more times than not with the rare exception of when they see a value they-just-can’t-pass-up. Then they move and move decisively. This past week the house at 21 Beaver generated just such movement.
This house [...]

Tuesday’s Brokers’ Tour
was a plethora of new inventory just about everywhere. I did focus on all the new luxury homes in District 5 which I’ve posted about before. There were a lot of so-so properties that will undoubtedly come down off the ‘asking’ prices but there were some standouts. The best one in design [...]

District 5 (Noe Valley, Ashbury Heights, et al) and its $2mil+ single family home segment is one I’ve posted on previously and been watching diligently as it has been a progressively deteriorating market seemingly isolated to these neighborhoods. The continuing abundance of inventory compared to the pace of sales is taking its toll on the [...]

Sure fire ways to put money in your pocketare to recognize where the opportunities are in this market. Today, our Wells Fargo loan rep told us that rates have continued to drop to the point that jumbo loans are around 4.5% and adjustible loans are the 2% range! Wow, maybe now is a great time [...]