Real Data SF

The Dirt on San Francisco Real Estate – (Broker, Cal. Dept. Real Estate License No. 773349)

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Alphabet Soup Revisited: What Shape Will the Recovery Take?

April 19th, 2010 · No Comments

Back in the still-uncertain days of September 09, every market pundit had his or her own letter for what shape the recovery would take. I blogged about Ben Bernanke’s “U,” Liz Ann Sonders‘ “V,” and Nouriel Roubini’s “W” here. Though one could argue the jury is still out, I think it’s fair to say that [...]

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Tags: Economy · Loans · interest rates

Noe Valley: The Condo/TIC market

April 1st, 2010 · No Comments

At long last, here’s the promised data on Noe Valley condos and TIC’s.
First, a look back (in anger?) at the make-up of Noe Valley sales in 2009.

Note that there were more than twice as many condos sold as TICs, and more homes sold than condos and TICs put together. (What’s a TIC?  — Check out [...]

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Tags: Condominiums · Data · Noe Valley · Tenancy In Common · single family homes

Looking Back at 2009: Condos/TICs

February 23rd, 2010 · No Comments

Pretty much everything I said about how single family homes fared in 2009 also applies to the condo/TIC market.   (TIC’s, aka Tenancy In Commons are similar to condos.  For more information on TICs, see my three-part series starting here.)
Condo/TICs hit their all-time highs about a year later than homes did — in July 2008.  But [...]

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Tags: Condominiums · Data · Market news · Tenancy In Common

TICs, San Francisco’s Involuntary Reflex — Part 3: The Condo Premium Per Square Foot? Or not…

November 6th, 2009 · 3 Comments

Last post, we determined that the current difference between the average (annual) price of a condo and that of a TIC is  $86,000, down from a high of $124,364 in 2006.  (That’s a 30%+ drop, by the way.)  Here’s the chart again (sorry for the funky transparency on the sales volume bars).

That’s useful if you’re [...]

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Tags: Condominiums · Data · Tenancy In Common

TICs, San Francisco’s Involuntary Reflex: Part 2 — The Data

November 5th, 2009 · 3 Comments

There are weeks when I look through the new listings on the MLS (Multiple Listing Service) and it seems like there are more TICs for sale than condominiums.  Turns out, this just isn’t true.  Here’s a chart showing relative sales volumes since 2003 (click to enlarge).

Look at that!  Excluding those wonderfully regular dips every Xmas, [...]

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Tags: Condominiums · Data · Tenancy In Common

TICs, San Francisco’s Involuntary Reflex: Part 1

November 3rd, 2009 · 5 Comments

Inconvenient and Ugly
A tic is an involuntary and habitual muscle spasm, frequently in the face.  If you live in San Francisco, a TIC is also what many people end up with when they buy a flat in one of San Francisco’s classic 2-4 unit buildings.  Like the medical condition, TICs are inconvenient at best and [...]

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Tags: Condominiums · Tenancy In Common