Several readers and clients have asked me recently about price per square foot metrics. Certainly, if you’re trying to figure out how much a home is worth, it helps to get a sense of value by knowing what houses (or condos) are going for in the area on a per square foot basis and multiplying [...]
Entries from September 2009
Measuring by the Foot: Does it Make a Difference?
September 30th, 2009 · 2 Comments
Tags: Data · Market news
Waiting for the Other Sheep To Drop… Or Not
September 24th, 2009 · No Comments
Does anyone really know what’s going on? Despite the gloom and doom of my recent posts (Waiting for the Other Sheep to Drop, Alphabet Soup: What Shape will the Recovery Take?), the latest publication of the Conference Board’s Leading Economic Index (LEI) on Tuesday trumpets: “Fifth Consecutive Increase!” The LEI is supposed to predict economic [...]
Tags: Economy
Waiting for The Other Sheep To Drop
September 21st, 2009 · 1 Comment
I really couldn’t find a suitable graphic for a falling shoe….
Thanks to my reader JC for pointing out the San Francisco Chronicle’s September 21 article on the $30 billion or so in “option ARMS” that are going to reset, starting in 2010. These are not the subprime ARMS that caused the derivative markets to unravel, [...]
Tags: Loans
Focus on Noe Valley
September 16th, 2009 · 3 Comments
It’s been a few months since I took a look at my own stompin’ ground, Noe Valley, and how prices have been doing compared to the city as a whole. We dispensed with the notion that Noe Valley was somehow “immune” some time ago. Sadly — at least for home-owners — and happily for buyers, [...]
Tags: Data · Market news
Alphabet Soup: What Shape Will the Recovery Take?
September 16th, 2009 · 4 Comments
On the anniversary of Lehman Brothers’ demise and the near-collapse of global markets, it seems appropriate to take a step back from our little corner of heaven for a wider view.
Given where we were a year ago, the world seems to have heaved a huge, if cautious, sigh of relief. During the chill days of [...]
Tags: Economy
Beautiful Wreck: 587 Jersey, Noe Valley
September 6th, 2009 · 2 Comments
Walking my dog, yesterday afternoon and I was brought up short by this beautiful wreck around the corner from where we live.
Light and shadow from the rafters seemed to make the windows glow like cardboard cut-outs.
Here’s the scoop: Listed in mid-May for $799,000, sold on June 25 for $700,000. 1360 square feet of original detail. [...]
Tags: Listings
Update on What $2.1 Million Buys in Noe Valley — (now it’s under $2 million)
September 2nd, 2009 · 1 Comment
Back in February I posted about two $2.1 million homes offered for sale in my ‘hood. 731 Douglass had 3,000 square feet of good, livable space and the sorts of finishes and flourishes you’d expect. But it had no back yard and was located on the fairly busy corner of 24th Street and Douglass, with [...]
Tags: Listings