Is Mid-Market Priming for a New Beginning?

  Last October things were better for David Addington. Last October the Atlanta-bred real estate developer had legislation snowballing through San Francisco; a proposition that would, he hoped, turn this neighborhood around. If all had gone according to plan, Proposition D would have allowed for lighted signage and general advertising, the kind explicitly banned throughout the city, along a troubled three-block stretch of Market Street. If all had gone according to plan, Addington says Proposition D would have earned Mid-Market

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555 Washington St. Project Continues to Move Forward

Developers of the project, 555 Washington St. won the first round of approvals, over a conterversial 430-foot condominium tower on the same block as San Francisco’s Transamerica Pyramid. The city’s Planning Commission narrowly approved the environmental study for the controversial project at 555 Washington St. by a 4-3 vote, but not before commissioners clashed repeatedly, including over how much the tower would shadow parks, whether it would kill nearby redwood trees, even whether a “reduction of interior house plants” could stop birds

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Top 5 Housing Markets Ripe for Recovery — SF Rated #1

I can’t vouch for the math, nor do I necessarily fully agree – but I like the kudos nonetheless. The Today Show rated San Francisco as the #1 housing market ripe for recovery. Barbara Corcoran, their RE expert, did a superb job  showing  which cities she felt were the top 5 city home markets which were stabilizing and poised for recovery. She used the following as her criteria for evaluation: affordability low rate of foreclosures appreciation (per NAR) strong job mkt & low

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Not as Many SF Real Estate Deals Falling Through

Patrick Carlise, from Paragon Real Estate Group, prepared a rough analysis of the SF real estate deal fall-through rate, by comparing the # of properties going under contract to the # closing sale. He tracked the UC/Solds data with a 1 month gap (factoring in an average 30-day escrow period), comparing, for example, the number of homes that went under contract from February through July, with the number of homes that closed sale in March through August. Not a perfect analysis, but still useful.

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Significant Uptick in February’s Market Activity

SF Home Listings Accepting Offers February’s Statistics Indicate a Strengthening Market. Considering February is a short month (with 2 national holidays), market demand was comparable to the highest levels we’ve seen in the past 18 months. February’s number was 50% higher than January, 80% higher than one year ago (during the market’s dark days), and 12% above February 2008. For more February statistics check out my March Newsletter.

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