SoMa Grand (1160 Mission) Update: Sales, Office, And Phan’s Food
According to the sales office (which has moved into the building), SoMa Grand is now 50% in contract or closed. That’s up from 40% at the beginning of February and represents roughly 25 net new contracts over the past four months.
Two new model units will be open this weekend. And work on the ground floor Charles Phan concept restaurant is “underway and slated for fall.”
Saturday, May 31, 2008
Thursday, May 22, 2008
The Infinity
Builder: Tishman Speyer
Location: South of Market - San Francisco, California
Address: Folsom St & Spear St, San Francisco, CA 94105
Type: Condos Stories: 37
Units: 365 -->Bath: 1 to 3Beds: Studio to 3
Unit Size: 539 - 1,755 sq.ft.Price: From the $600,000 Phase: New Construction
Completion Date: Open now!
Type: Condos Stories: 37
Units: 365 -->Bath: 1 to 3Beds: Studio to 3
Unit Size: 539 - 1,755 sq.ft.Price: From the $600,000 Phase: New Construction
Completion Date: Open now!
The Infinity, San Francisco’s landmark of contemporary design, is an extraordinary collection of residences located just off the Embarcadero at the corner of Spear and Folsom Streets in San Francisco’s South of Market (SOMA) neighborhood. These luxury condominium residences feature tower homes with spectacular views of the City and the Bay, as well as homes in the “treetop residences” that enjoy the property’s beautifully landscaped courtyard. The Infinity provides unparalleled living space, first-class service and exceptional amenities, including a 24-hour attended lobby, an inviting landscaped garden, a 5,000 square foot state-of-the-art fitness center with 75-foot lap pool, treatment room, changing rooms and saunas, club lounge with catering kitchen, business center, private screening room, and personal concierge service.
The Montgomery
Builder: New Urban Properties
Location: Downtown - San Francisco, California
Address: 74 New Montgomery Street, San Francisco 94105
Type: Condos Stories: 8
Units: 107 -->Bath: 1 to 2Beds: Studio to 2
Unit Size: 480 - 1,216 sq.ft.Price: From the $400,000 Phase: Completed
Completion Date: Available now
Type: Condos Stories: 8
Units: 107 -->Bath: 1 to 2Beds: Studio to 2
Unit Size: 480 - 1,216 sq.ft.Price: From the $400,000 Phase: Completed
Completion Date: Available now
Wednesday, May 21, 2008
Bay Area home sales edge up in April
Bay Area home sales edge up in April
May 20, 2008
La Jolla, CA.----Bay Area home sales edged up from a seven-month run of record lows last month, indicating that mortgage availability is improving and that an increasing number of fence sitters have decided they like today's lower prices, a real estate information service reported.
A total of 6,310 new and resale houses and condos sold in the nine- county Bay Area in April. That was up 28.8 percent from 4,898 in March, and down 15.3 percent from 7,447 for April 2007, DataQuick Information Systems reported.
The month-to-month jump was the strongest for any March/April in DataQuick's statistics, which go back to 1988. Starting last September and through March, each calendar month was the slowest on record. Last month was the slowest April since 1995 when 5,636 homes were sold.
"The big issue here is that mortgages are becoming obtainable, which will reduce the pile of stacked up pending escrows. It's unclear if the financing is because of policy changes or because mortgage investors are getting more interested in securities. Probably both," said Marshall Prentice, DataQuick president.
The median price paid for a Bay Area home was $518,000 last month, down 3.4 percent from $536,000 in March, and down 21.4 percent from $659,000 in April last year. Last month's median was 22.1 percent lower than the peak median of $665,000 reached in June and July last year.
Last month's median price would have been closer to $578,000 if the availability of jumbo home loans had remained stable. A year ago jumbo loans, mortgages above $417,000, accounted for 63.4 percent of all Bay Area home loans. Last month they were 28.8 percent, DataQuick reported.
May 20, 2008
La Jolla, CA.----Bay Area home sales edged up from a seven-month run of record lows last month, indicating that mortgage availability is improving and that an increasing number of fence sitters have decided they like today's lower prices, a real estate information service reported.
A total of 6,310 new and resale houses and condos sold in the nine- county Bay Area in April. That was up 28.8 percent from 4,898 in March, and down 15.3 percent from 7,447 for April 2007, DataQuick Information Systems reported.
The month-to-month jump was the strongest for any March/April in DataQuick's statistics, which go back to 1988. Starting last September and through March, each calendar month was the slowest on record. Last month was the slowest April since 1995 when 5,636 homes were sold.
"The big issue here is that mortgages are becoming obtainable, which will reduce the pile of stacked up pending escrows. It's unclear if the financing is because of policy changes or because mortgage investors are getting more interested in securities. Probably both," said Marshall Prentice, DataQuick president.
The median price paid for a Bay Area home was $518,000 last month, down 3.4 percent from $536,000 in March, and down 21.4 percent from $659,000 in April last year. Last month's median was 22.1 percent lower than the peak median of $665,000 reached in June and July last year.
Last month's median price would have been closer to $578,000 if the availability of jumbo home loans had remained stable. A year ago jumbo loans, mortgages above $417,000, accounted for 63.4 percent of all Bay Area home loans. Last month they were 28.8 percent, DataQuick reported.
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