Archive for July, 2009
I thought it would be helpful to let everyone know that the Building and Planning , 3R division, ask desk at Planning, etc. at 1660 Mission Street have new hours that start at 9:30am. This change took place on 7/15.
Please note some neighborhoods have had very few sales. Conclusions could be hard to draw because of this.
This week’s list of upcoming listings, pocket listings, price reductions and needs for buyers:
$1,600,000 // Pacific Heights // Sacramento Street BR/BA: 4/3 PKG: 4 Brief Description: This is a great Victorian SFH, that had a 70’s remodel that opened up the floor plan with an incredible yard and great parking. It hasn’t sold since the 70’s and needs a cosmetic re-do. Trust sale, no court confirmation.
$1,325,000 // Healdsburg // Chalk Hill Rd BR/BA: 3/2.5 PKG: 6 Brief Description: 2+ acres in Alexander Valley, 1 hour from GG Bridge, 10 minutes to hburg plaza, 15 min to St Helena; pool, gardens, decks, patios and outbuildings. World class wines, dining and cycling.
San Francisco home market trends as of June 30, 2009. The market continues to strengthen, though the typical summer slowdown is starting to take place and will probably be reflected in July’s numbers.
(Received from the California Association of Realtors)
Qualifying for a jumbo loan—those with loan amounts higher than the conventional conforming loan limit of $729,750 in high-cost areas—is more difficult than it was a few years ago.
While rates on jumbo mortgage historically have been higher than rates on conforming loans, jumbo loans still are available, but often come with stringent underwriting requirements. Prior to the credit freeze, borrowers of jumbo mortgages could qualify for loans with a 5 percent down payment, credit scores of 620 and enough money in the bank to cover two months of payments. Now, borrowers typically must have six months’ reserves, a 700 credit score, and a down payment of at least 20 percent.
Click here for the full New York Times Story.
This week’s list of our upcoming listings, pocket listings specific needs/wants for buyers (do you have their new home?):
$835,000 // Golden Gate Heights // 15th Avenue BR/BA: 3/2.5 PKG: 1 Brief Description: 1 2/1 up 1/1 & Bonus Rm dwn
$799,000 // SOMA // Tehama Street BR/BA: 1/1 PKG: 1 Brief Description: This two-story conversion loft has been used as an office, event space and a residence. Over 1,500 square feet of options, with direct street access. www.385tehama.com
The is an excellent US News & World Report article about cost vs. value in real estate: what you get for what you pay in different cities. This article rated San Francisco #1 in its list of top 10 productive/valuable cities:
This week’s list of our upcoming listings, pocket listings, price reductions and buyer needs:
$995,000 // North Panhandle // Grove Street BR/BA: 2/1 PKG: 3 Brief Description: 2-Unit VACANT Edwardian units in original condition.
$799,000 // SOMA // Tehama Street BR/BA: 1/1 PKG: 1 Brief Description: This two-story conversion loft has been used as an office, event space and a residence. Over 1,500 square feet of options, with direct street access.