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Blog by Scott Pierce
San Francisco, California

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San Francisco Condo March Sales Statistics

Apr. 24, 2008
Categorized in: Market Stats

 

Condominium sales were down down dramatically, year over year (March 2008 vs. March 2007).

The most expensive condominium to close escrow in March 2008 was the "rarely available TOP TOP FLOOR Four Seasons penthouse apartment" at 765 Market Street, #G. Aside from the amazing views from the 41st floor, it also boasts:

"2 master suites, maid's quarters with separate service entrance, 10'+ ceiling heights, formal dining/office/library, upgraded gourmet kitchen, Brazilian Cherry hardwood floors." - San Francisco MLS

It was listed for $8,975,000 and closed for a price which has been withheld. Regardless, no other condominium closed above $2.7m.

A 390 sqft studio on Nob Hill, listed at $325,000, sold for $330,000 for this weeks bargain condominium.

In District 5, a district which includes Noe Valley, Eureka Valley/Dolores Heights, Haight Ashbury, etc., sales were down from 29 to 21 in March 2008 while prices rose from $845,000 in March 2007 to $856,000 March 2008.

In District 9 (SOMA, South Beach, Potrero Hill, Mission Bay, Inner Mission, etc) sales plummeted from 52 in March 07 to 36 in March 08, but prices rose nicely from $679,000 to $772,000 in March 08.

Click on the image to the left for a PDF of the entire report.

Contact Scott Pierce for more information at 415-595-3519 or scott@sfcondomap.com

 

New Development Sales (03/08/08)

Mar. 8, 2008
Categorized in: Market Stats

For more information on San Francisco condominium sales and closings, including list price, detailed property information, MLS listing information or anything else, email us here and send us the property name and unit number.

Of the 8 sales listed, only the 3 Jackson Square listings were on the MLS. Which would make the MLS reported sales statistics much lower than they really are.



235 Berry

#603 sold for $675,000
#614 sold for $735,000
#705 sold for $870,000
#711 sold for $857,000


Park Terrace

#310 sold for $960,000


Jackson
Square
#G sold for $1,200,000
#H sold for $1,595,000
#PH-3 sold for $2,700,000

 
Jackson Square


Park Terrace

 

San Francisco Department of Planning: Board of Appeals Meeting Wrap-up

Mar. 7, 2008
Categorized in: Developers

A couple of items of interest to San Francisco real estate home owners, buyers and sellers from the March 5, 2008 Department of Planning Board of Appeal's meeting.

(4) Appeal No. 08-018
455 Vallejo Street

 

Sandeep Hingorani (Appellant) vs. DPW and Bureau of Street-Use & Mapping (Respondent).

In order to do work on a building on Montgomery Street, a crane was placed
by Sheedy Crane across the street from 455 Vallejo Street. The owner, Hingorani's representative, argued that the Path of Travel requirements were not being observed, and wanted restrictions placed on the location and use of the crane. 

After testimony from both sides, the Board agreed keep the crane in it's current proposed location, but to increase the Path of Travel requirements from 10'
to 11' for day use and from 12' to 18' at night.

The board also directed the DPW/BSM representative (who was present) to provide the Hingorani representative with a direct phone number to call for violation reports, and for an inspector to be available for any problems.

Sheedy agreed and the appellant voiced agreement.

If the goal of the appellant (the person with the complaint) is to just get equipment removed because they do not like it, you probably will not succeed. But the Board of Appeals will hear a complaint and judge it on its merits.

Here the Board would not remove the crane as Sheedy demonstrated that this was the best location out of all possible locations that were available. Sheedy suggested the increased distance for the Path of Travel, and it was agreeable to all sides.


(6) Appeal No 07-230
1884 San Jose Avenue


Keith Foote (Appellant) vs. DPW and Bureau of Urban Forestry (respondent).

Foote argued that the decision of the respondent (DPW) to remove a 33 year old tree in front of his residence was wrong. That it was their lack of proper maintenance of the tree that caused the current problems, and that DPW should be directed to nurture the tree back into good health and condition.

DPW and the BUF argued that the tree needed to be removed and that it was the fact that the roots were very aggressively destroying the sidewalk and that this was causing a hazard that necessitated the decision. And that nurturing the tree back into health was not likely do to the species of tree.

President Garcia remarked that it was the first time he heard of a homeowner being the appellant with the DPW and BUF as respondent in a case like this. But it was
Commissioners Haaland, Knox and the new Peterson who overruled the DPW and directed the DPW to work to bring the tree into good health and conformity regarding safety issues.

NOTE FOR HOMEOWNERS: Homeowners are responsible for the condition of sidewalks in front of their property. The city can and does issue 30 day notice to repair notices to homeowners to correct deficiencies in the condition of sidewalks.

New Development Sales (12/03/07)

Dec. 8, 2007
Categorized in: Buyers

New Development Sales for the week ending December 3, 2007

235 Berry:
2/2/1000 sqft - $860,000

325 Berry: Park Terrace
#418 - $895,000
#520 - $1,095,000
#617 - $721,000

451 Kansas: The Potrero
#362 - $550,000
#409 - $725,000
#420 - $214,500 (BMR)
#448 - $786,000
#607 - $479,500
#631 - $780,000

201 Sansome Street: The Royal
1 bed, 806 sqft - $650,000

1 South Park: South Park
#205 - $1,250,000
#206 - $950,000
#406 - $1,060,000
#409 - $1,375,000

310 Townsend Street:
#201 - $1,040,000

San Francisco's October Condominium Sales Market Wrap

Dec. 4, 2007
Categorized in: Buyers

San Francisco's October Condominium Sales Market Wrap

(Click on the picture to the left for the pdf of the report along with district and sub-district names)

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