What does 300k Get You In San Francisco?

Not much.

However, In the Cubix complex you can get a baby versions of the condo located at 766 Harrison St for under $300k.

These SoMa located "sapces" start at $225000. Assuming you put down 15 to 20 percent, and secure a 5 percent mortgage, monthly payments should range between $1,100 and $1,500. All that gets you a whopping 350 square feet!!

There are also several San Francisco properties in the $300-500k range

158 Ladley

6.25% Fractional Financing Available! Stunning eco-modern renovation of mid-century view property, finished to highest standards of any new construction you'll find in the City. Fabulous neighborhood. Sweeping views. Eco-friendly cork floors and low VOC paint. Bosch & FisherPaykel appliances, CaesarStone counters, maple kitchen cabinets. Huge picture windows. All building systems updated. Totally wired for cable and internet. State-of-the-art soundproofing. An extraordinary place to live.

631 Oferrel St.

PRICE REDUCED! Bright and lovely, spacious and charming alcove studio. Filled with light, peekaboo view to the South.Art-Deco detail. Move-in condition. The bldg is sensational; the magnicent lobby was given and award by the Art Deco Society. Truly urban neighborhood, close to Union Sq, Westfield Center, BART, MUNI, theaters and restaurants. No need for a car here. HOA dues includes heat, electricity, water, trash and 24-hour security. Escrow with John Halverson, Fidelity Title, 595 Castro St

Bring Your Own Big Wheel

Bring Your Own Big Wheel event. This being my 3rd Easter, I plan on attending my first race. Hope to you see you all there.

Vitals:


BYOBW • 9TH ANNUAL • EASTER 2009 • 4 PM • SUNDAY APRIL 12 • VERMONT @ 20th • POTRERO HILL, SF • FREE EVENT ??
THIS IS A LEAVE IT LIKE YOU FOUND IT EVENT ... MEANING ... PACK IT IN, PACK IT OUT !! PLEASE HELP CLEAN UP AFTERWARDS!!!!
AND THIS IS A FAMILY FRIENDLY EVENT! SO PLEASE NO BOOZE or the like!

SF Housing Authority

I came across this site put out by the city of San Francisco and thought I would share it with my reader(s). On the surface it doesn't seem like much, but I find the fact the planning commission's attempt at transparency refreshing. They even included a nifty info-graphic.




An excerpt from the site.

Project Summary

The Housing Element is the component of the City’s General Plan that provides a five year vision for housing. San Francisco, along with all municipalities, is required by state law to update the Housing Element of the General Plan every five years. The State requires that a complete and approved draft be submitted by June 26, 2009. Additionally the Planning Department will be completing a full Environmental Impact Report on the 2009 Housing Element update.

The State of California Housing Element law, enacted in 1969, mandates that local governments adequately plan to meet the existing and projected housing needs of all economic segments of the community. The law acknowledges that, in order for the private market to adequately address housing needs and demand, local governments must adopt land use plans and regulatory systems which provide opportunities for, and do not unduly constrain, housing development.

This process will conclude with an effective housing element that provides the necessary conditions for preserving and producing an adequate supply of affordable housing. Among other things, the housing element provides an inventory of land adequately zoned or planned to be zoned for housing, certainty in permit processing procedures, and a commitment to assist in housing development through regulatory concessions and incentives.

In addition, to this fundamental framework, the housing element update process provides a vehicle for establishing and updating housing and land-use strategies reflective of changing needs, resources and conditions. The housing element also provides a powerful tool to address the special housing needs of Californians including the homeless and persons with disabilities. The inclusive planning process ensures that San Francisco promote a variety of housing types including multifamily rental units, transitional and other types of supportive housing. Finally, the housing element update process can also provide a vehicle for San Francisco to adopt housing and land-use strategies to address climate change and the reduction of green house gas emissions, by facilitating housing locations that can significantly contribute to reductions in green house gas emissions.

Signs Of An Awakening Market?

There was a lot of positive news floating around the blogosphere today, I thought I would share a hand full or links with you.

The Realty Times
The Realty times has a piece on the current state of condo development. Where it a dormant sea once stood still, there seems to be some activity lapping to shore. Though not as green or glassy as previous booms, they think there's reason for optimism.

Channel 5 is all up in the videos
Channel 5 has an interesting report from a guy named Hank Plante. His report, filled with "very hard facts", suggests we might have a San Francisco Real Estate bounce back on our hands.

1. Low interests are contributing to a pent up demand.
2. Housing prices are down 10%
3. Foreclosure have help depress (me) and home prices
4. More houses have sold in the last two weeks then the last 6 months combined

That last one seems a little fishy...

Great San Francisco housing Stats

Here's a snippet:

At Current market trends over the next month.
- 1400 active house & condo listings will be joined by 600 new listings.
- 1 in 7 or 8 of those listings will accept an offer to purchase.
- 1 in 8 will expire or be withdrawn from the market (didn’t sell).
- 1 in 4 will reduce its asking price.
- 75 active bank-owned (REO) homes will be joined by 45 new REO listings:
- 1 in 3 will accept offers.

Of the listings that do accept offers, 1 in 3 or 4 will come back on market because the purchase fell through -- typically due to financing difficulties, property condition issues or buyer remorse.


From 24th to 5th, San Francisco shoots up the list of "Best Places to Invest in Real Estate"

I guess last year was a down year for the SF Real Estate market, who knew?

$85,000 Parking Spot

Hot on the Market- SoMa Parking Spot. $85 grand.

From the MLS Listing

Parking Space Only! This is for a deeded easement for one parking space in the commercial portion of 88 Townsend. These parking spaces were sold off individually by the original developer. Perfect for the commuter or as an investment. One block from AT&T Ballpark, full size space in a secure building.

This is apparently a very secure spot.