Saturday, January 12, 2008

Recent Activity

The second weekend of the year is here. We had anticipated seeing listings by this time, and we are happy to report that the shipment has arrived! Since our Hotsheet report on January 7th, There have been:

55 Single Family Homes,
96 Condos/Coop/Loft/TICs, and
11 2-4 Unit Buildings released onto the market.

That should include something for everyone to look at as most neighborhoods and price ranges are covered in that list. One of the single family homes has already sold after only four days on the market. It is a three bedroom, three bath home, just over 1930 square feet, and it sits at the ocean's edge.
This tri level home was built in 1997 and is located on the Great Highway at Wawona. The list price was $899,000; we will keep you posted for the sales price.

Another listing that was snatched up after only one day on the market was this 2 unit building on 20th Avenue in Central Richmond. It was listed both as separate TIC interests and as an entire building. It had been on the market last year for 47 days and then withdrawn. It came back on at the same price just yesterday, and they have already accepted an offer. Somebody may have seen it last year and wasn't ready to move until now.

Noe Valley is in the lead with 8 new single family home listings. They range in price from $699,000 for a total fixer to $2,595,000 for a remodelled 5 bedroom 3.5bath home on 23rd & Castro.

SOMA is the leader with 15 new condo listings. These particular listings start at $449,000 for a studio condominium at the Palms on 4th Street at Brannan. Believe it or not, the high end listing is in the same building. It is a two level, two bedroom condominium with a private terrace listed at $1,089,000. The Palms features a concierge, gym, yoga studio, movie room, club room, and a business center. The nice thing is if you like the building, you are sure to find something there in your price range.

In the 2-4 Unit category, the neighborhood with the most activity is the Inner Mission. There are three new listings in the $900,000 range. They are all tenant occupied, which is why they are on the lower end of the price range for two unit buildings in the neighborhood. Stay tuned for information on our 2 Unit listing in the Inner Mission.

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