Posted on November 6, 2009 by Michael Novia
This is certainly true for SoMa. In some ways we can say that the bottom of the market is now behind us. Those “incredible deals” at the new developments have now been replaced with “good deals”. Prices are obviously lower than they were 2 years ago but price stabilization is beginning to work its way through the market. [...]
Filed under: Buyer Info, Seller Info | Tagged: Michael Novia, New Developments SoMa, San Francisco Real Estate, SoMa Real Estate, SoMa Realtor, South Beach Condos, South Beach Lofts, South Beach Real Estate, South of Market Condos | Leave a Comment »
Posted on November 5, 2009 by Michael Novia
The Federal Reserve announced Wednesday that it is keeping its key interest rate at or near zero and will continue to do so as long as the economy remains weak.
Analysts predicted that the Fed would leave interest rates low for at least six more months.
The Fed said that it would continue its program to buy [...]
Filed under: Buyer Info, Seller Info | Tagged: First Time Home Buyer, Michael Novia, San Francisco Real Estate, SoMa Real Estate | Leave a Comment »
Posted on November 4, 2009 by Michael Novia
34 homes sold during the month of October in SoMa with a median sold price of $668,450.
20.6% sold in 0 to 30 days for 93.2% of list price.
23.5% sold in 31 to 60 days for 97.8% of list price.
20.6% sold within 61 to 90 days for 93.4% of list price.
14.7% sold within 91 to 120 [...]
Filed under: Buyer Info, Seller Info | Tagged: Michael Novia, New Developments SoMa, Realtors San Francisco, San Francisco New Developments, San Francisco Real Estate, SoMa Lofts, SoMa Real Estate, SoMa Realtor, South Beach Condos, South Beach Lofts, South Beach Real Estate, South of Market Condos | Leave a Comment »
Posted on November 2, 2009 by Michael Novia
This weeks edition includes: Halloween, Loan Limits (update below), Radiance, Citywide Sales, New Condo Listings, New Live/Work Listings, Price Reductions, Pending Sales, Sold Prices and Useful Links. The South Beach Real Estate Real Estate Newsletter is emailed on Fridays. Interested?
Just email your name to mnovia@southbeachrealestate.com to join the list. I give you my personal guarantee [...]
Filed under: Buyer Info, Radiance, Seller Info | Tagged: San Francisco Real Estate, SoMa Real Estate, South Beach Real Estate Newsletter, SoMa Lofts, Radiance San Fran, Radiance Mission Bay, Radiance San Francisco, San Francisco New Developments, South Beach Condos, New Developments SoMa, South of Market Condos, Realtors San Francisco, SoMa Realtor, South Beach Lofts, South Beach Real Estate, San Francisco MLS, Michael Novia | Leave a Comment »
Posted on November 1, 2009 by Michael Novia
Another step in the right direction….
Banks that write a majority of mortgages and other loans in the U.S. say that borrowers have improved their repayment records in the third quarter of this year.
In the third quarter, Bank of America saw the first decrease in the numbers of customers that were more than 90 days late [...]
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Posted on October 19, 2009 by Michael Novia
The costs of selling your home are for the most part fixed and generally speaking will not vary much from broker to broker.
As an example I will use the typical selling costs for a median priced 2 bedroom condo in SoMa – $900,000.
Commission 5% – $45,000.
Transfer Tax - $6.80 per thousand (900 x $6.80 = [...]
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Posted on October 12, 2009 by Michael Novia
This weeks edition includes: California Association of Realtors 2010 Housing Forecast, New Condo Listings, New Live/Work Listings, Price Reductions, Pending Sales, Sold Prices and Useful Links. The South Beach Real Estate Real Estate Newsletter is emailed on Fridays. Interested?
Just email your name to mnovia@southbeachrealestate.com to join the list. I give you my personal guarantee that [...]
Filed under: Buyer Info, Seller Info | Tagged: Michael Novia, New Developments SoMa, San Francisco New Developments, San Francisco Real Estate, SoMa Lofts, SoMa Real Estate, SoMa Realtor, South Beach Condos, South Beach Lofts, South Beach Real Estate, South Beach Real Estate Newsletter, South of Market Condos | Leave a Comment »
Posted on October 9, 2009 by Michael Novia
In San Francisco the number of “for sale” condominiums & lofts is down 6% from last September and single family home Inventory is down 12%.
The supply of homes available in the 27 metro areas covered by Zip Realty was down 1.8 percent in September compared with August, the Emeryville, Calif., real estate firm reported. [...]
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Posted on August 31, 2009 by Michael Novia
Daily Real Estate News | August 31, 2009
Selling a home and helping the buyer finance may be a good option to getting a house sold, experts say. Yet it is imperative that the seller thoroughly investigate the buyer’s finances before agreeing to the deal.
Here are some important initial steps to take:
Investigate the buyer by asking him to [...]
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Posted on July 31, 2009 by Michael Novia
My listing on 9th Ave closed today. It listed at $579,000 and sold for $549,000. We did not do any price reductions. We felt the property was priced right and knew it was a matter of time before we received an offer, which we did after being on the market for 60 days. My client bought this property [...]
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