Archive for October 2009 | Monthly archive page

Online Real Estate Resources

Below are links to wide variety of online resources pertinent to San Francisco real estate. Hope you find them useful.

Watch for Falling McMansions….

The Wall Street Journal, October 22, 2009:

Waiting for the Next McMansion to Drop

By JAMES R. HAGERTY

Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years.

The Wall Street Journal’s quarterly survey of housing-market data in 28 major metro areas shows sharp drops in the number of homes listed for sale across the country. But the potential supply of homes is far larger because banks are likely to acquire significant numbers of foreclosed homes in some areas, notably Las Vegas, Atlanta, Detroit, Phoenix, Miami and other parts of Florida, and Sacramento, Calif., over the next few years.

Sales of those homes may depress prices further. By contrast, metro areas with relatively low foreclosure and mortgage-delinquency rates include Boston, Denver, Minneapolis, San Francisco, Seattle, Raleigh, N.C., and Portland, Ore., making them less vulnerable.

Read more…

What Style of Building Are you Living In?

San Francisco has a unique and varied architectural history, with many architectural styles and building forms represented. While this San Francisco Preservation Bulletin 18 discusses the foremost architectural periods, styles and building forms found in the City, it is not intended to be a comprehensive listing of architecture in San Francisco.

Period — Victorian (1860-1900). During this period, San Francisco’s architectural styles evolved from Mission-inspired and vernacular designs to styles of classicism and ornamentation. During the last decades of Britain’s Queen Victoria’s reign, a number of architectural styles were popularized in the United States. Loosely based on medieval prototypes, these styles are exemplified through multi-textured or multi-colored walls, asymmetrical facades and steeply pitched roofs. During this period, advances in technology resulted in the mass-production of housing materials such as doors, windows and siding, and the construction of complex shapes and elaborate detailing.

Period — Late Nineteenth and Early Twentieth Century Revivals (1890-1940). Commencing at the turn of the century and picking up steam in the 1920s, Period Revival architecture occurred amidst several great building booms. The longing for a foreign atmosphere, always a part of San Francisco culture, is exemplified during this period in which both traditional and exotic tastes found acceptance.

Period — Edwardian (1901-1910). Frequently, historic resources in San Francisco are referred to as “Edwardian,” in design and appearance. The term “Edwardian” was created to describe architecture produced in Great Britain and its colonies from 1901 to 1910, with the reign of Edward VII. Edwardian architecture encompasses a number of styles, with five main strands identified: Gothic Revival, Arts and Crafts, Neo-Georgian, Baroque Revival and the Beaux-Arts style. Interpreted in the United States and in San Francisco, the term “Edwardian” is often associated with multi-unit flats or apartment buildings constructed at the beginning of the 20th century.

Period — Modernistic (1925-1970). Beginning with the Art Deco style, the Modernistic period represented a radical departure in architectural expression. Art Deco was followed by Art Moderne, which, like its predecessor, was expressed through smooth surfaces, curved corners and the horizontality of structures. The period concludes with the International style, characterized by an absence of ornamentation and the use of rich materials, refined details and proportions.

Source:  SAN FRANCISCO PRESERVATION BULLETIN NO. 18

How many tax reduction requests were granted by the Assessor’s Office?

Office of the Assesor-Recorder
San Francisco, CA
Monday, July 20, 2009

“Today Assessor-Recorder Phil Ting announced his office granted a temporary reduction in assessed value to 9,997 homes in San Francisco, which is allowed under state law (Proposition 8) if the current market value is lower than the assessed value. This is the first time since the mid-1990s the Assessor’s office has proactively issued widespread reductions. Despite the reductions, the total 2009 property assessment roll grew 6.98 percent from last year totaling $151.96 billion, which represents secured and unsecured real property and business personal property less exemptions.”

Read the entire report here: Assessor-Recorder Phil Ting Announces Reductions in Home Values (.pdf)

San Francisco’s Residential Energy and Water Conservation

What You Should Know About San Francisco’s Residential Energy and Water Conservation Requirements:

File the Residential Energy Conservation Inspection Form and/or the Residential Water Conservation Form with DBI:

After the inspection by one of the above, the owner or the owner’s representative shall then file the Residential Energy Conservation Inspection Form and/or the Residential Water Conservation Form indicating the results of the inspection with Housing Inspection Services within 15 days of completing the inspection. A filing fee per Section 110, Table 1-N of the San Francisco Building Code is required.

NOTE: If you are converting your building to a condominium, DBI will perform the energy and water inspection as part of the total conversion inspection review.

Compliance:

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Farmers Markets to the City’s Market…Online

What You Get for How Much Where in San Francisco – Sales at selected price points, October 2009:
 http://www.paragon-re.com/postings/10-09_What_You_Get_in_SF.html
 
Paragon’s September Market Update Newsletter  — SF Home Market Under $750,000, September 2009
http://www.paragon-re.com/Newsletter.aspx

SF Foreclosure Sales & Short Sales Analysis – September 2009.
http://www.paragon-re.com/postings/09-09_SF_REO_Short_Sale_Analysis.pdf
Paragon SF Luxury Home Market Report — August 2009:
http://www.paragon-re.com/postings/08-09_Luxury_Home_Report.html
 
Analysis of Market Trends in Charts — Updated Monthly:
http://www.paragon-re.com/postings/Market_Dynamics_Statistics.html
 
Appreciation & Depreciation of SF Real Estate since 1995 – updated July 2009:
http://paragon-re.com/postings/SF_Home_Appreciation_&_Depreciation_since_1995.pdf
 
July 2009 Newsletter – What You Get for How Much Where in SF: median prices & dollars per square foot
http://www.paragon-re.com/PreviousNewsletter.aspx
 
San Francisco Farmers Markets:
http://www.paragon-re.com/postings/SF_Farmers_Markets.html
 
Who is San Francisco: City Demographics
http://www.paragon-re.com/postings/Who_is_San_Francisco.html
 
San Francisco Online Resources – interesting and useful websites
http://www.paragon-re.com/postings/San_Francisco_Online_Resources.htm
Property Tax Appeals:
http://www.paragon-re.com/postings/SF_Property_Tax_Appeals.html
 
Rent vs. Buy: Sample Analysis
http://www.paragon-re.com/postings/Rent_vs_Buy_$2600_rent_to_$650k_purchase.pdf
 
Paragon Weekly Market Update Report by Neighborhood – by Altos Research
http://www.paragon-re.com/UpdateReport.htm

75 Manchester Street


Represented Seller
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