San Francisco single-family home prices dropped 1.5% from August, the September 2011 S&P/Case-Shiller Home Price Index reports. On a year-over-year basis the 5.9% drop is higher than the 5.3% recorded in August. These numbers convert September into the ninth consecutive month of year-over-year declines. “Three cities posted new index lows in September 2011 – Atlanta, [...]
A 23-room luxury inn in Glen Ellen, the Gaige House has hit the auction block for $8 million. The historic property became victim of the economic downturn in Sonoma County lodging sector, as it went back to its lenders. However, the hotel, which posted a $1.6 million revenue last year remains open while the lenders [...]
Market update: it looks like the hunt for bargains are helping the San Francisco housing market to move forward. 310 Townsend #408 was listed as a short sale for $425,000 in August, while it was purchased for $665,000 in 2007. The listing says: “Currently tenant occupied, the condo commands $3100 per month in rent, making [...]
The 4,210 square-feet property located at 136 Saint Francis Boulevard was purchased for $2,000,000 back in 2003, while it was traded for less than half of that amount (to be more precise: for $888,000) in 1996. The luxury real estate was refinanced five years go with a new $2,120,000 first mortgage. The first default was [...]
A beautiful Victorian home built in 1900 in Lower Pacific Height was listed as a short sale, Socketsite reported. The description says the luxury real estate features 3+ bedroom and 3 bathrooms and it has expansive living space on three levels. Other informations revealed by San Francisco MLS: remodeled kitchen and bathrooms, formal dining room, [...]
While pre-foreclosure activity was down during the April to August period, the lenders resumed their voluntarily suspended foreclosure activities – due to the imminent foreclosure settlement. This resulted in a quick jump in pre-foreclosure activity in San Francisco. To be more specific, the number is 19% August, with 651 properties in the pre-foreclosure pipeline versus [...]
Concord Corporate Centre now belongs to Westcore Properties. The price paid for the 347,000-square-foot two-building Class A office campus at 1320 and 1390 Willow Pass Road in Concord was $41 million or about $118 per square foot. The buildings had been given back to the lender, a European bank, by Transwestern, which had paid $99 [...]
A Bayview woman recently grabbed the headlines as she broke back into her foreclosed home. According to an article published by ABC7 the woman now admits that mistakes were made, but she was the victim of predatory lending practices at the height of the housing boom. Her case is one of the thousands of homeowners [...]
Eight Bay Area investors agreed to plead guilty in two separate conspiracies to rig bids and commit mail fraud at public real estate auctions in Northern California, according to the announcement of the Department of Justice. These people are: Gary Anderson Patrick Campion, James Doherty, Keith Goodman, Troy Kent, Craig Lipton, Henry Pessah and Laith [...]
