Archive for April, 2009

$1,125,000 | 1 Bedrooms | 2 Bathrooms | 1 Car Parking | 1,050 Square Feet

My Featured Listing: 690 Market St. #1605…
This 1BR/1.5 BA at the Ritz Carlton offers the best value of any unit available in the building. The marble entry foyer transitions to a dark hardwood floor throughout the living room, dining area and kitchen. The bright living area offers nearly wall to wall windows with city and bay views. The kitchen is fully upgraded with all viking appliances and includes a separate wine fridge, along with granite counters, upgraded fixtures, and dark wood cabinetry. A separate island provides space for a breakfast area. All furnishings can be included at additional cost, making this a great turn-key property or corporate rental.??Amenities include valet-attended garage parking, business and conference facilities, private fitness center and a Residents’ Lounge. In addition, your 24-hour, full service Concierge can help arrange in-residence dining, reserving the services of a private chef, twice-daily housekeeping, dry cleaning, child care or virtually anything you might need.

Single Property Website is from My Single Property Websites

From Altos Research:

The median single family home price in SAN FRANCISCO this week is $921,500. The 614 homes have been on the market for an average of 105 days.

 

Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Photo from flickr by forstonsr

An article on CNN today titled “Signs of Life in California Real Estate” was positive overall, though they’ve learned from the past to hedge their bets when it comes to predictions. In short, the article was pointing to first time buyers coming into the market, lured by low prices, along with investors lured by returns (19% was the return for one investor in the article buying a townhome in Sacramento).

The Good:

Low prices have brought out droves of buyers. In February, they purchased more than 600,000 homes, some 80% more than they bought in February 2007, according to CAR. And most of this activity is where prices are off 40% to 60% from their peaks.

The Bad:

Most analysts foresee continued price declines in California, according to Nicholas Retsinas, director of Harvard’s Joint Center for Housing Studies. “But [there'll be] a slowing of that decline, which portends the end of price drops.”

 

CNN:  ”Signs of Life in California Real Estate“