San Francisco Bay Area foreclosures slowed down 7% in September, compared to a moth prior and 10% from this time last year, the Contra Costa Times reported. The article is based on the report released recently by RealtyTrac revealed these numbers, though how long the decline will last is uncertain. The numbers are the following: [...]
The San Francisco housing market is giving positive signs, as recorded home sales volume increased 7.3% on a year-over-year basis in August. The numbers are promising: 484 recorded sales last month, while there were only 451 sales a year prior, and we are talking about 9 percentage points rise compared to the prior month, versus [...]
While the country is in the deepest double-dip recession since the 1930s, a San Francisco deal breaks the prices: a mixed-use building on San Francisco’s Market Street was sold for a whopping $1,100 a square foot. According to the Business Times, Invesco paid $51 million for 800 Market St, a 47,000 square foot building. The [...]
The 56 Sotelo Avenue was first listed with an asking price of $1,995,000, while it was purchased in 2007 for $1,900,000. The additional $95,000 is because the property was remodeled incorporating new wrought iron gates imported from South America amongst other updates. After spending ten months on the market, it was relisted and reduced for [...]
It’s been almost five years ago that One Rincon Hill opened its sales office door. At that time, with “One Gincon” signature cocktails in their hands, buyers lined up until late in the evening for the right to reserve a unit in the building. But 3 years after the owners moved into the high-rise apartment, [...]
Noe Valley market stats show a home value index of $992,000, according to Zillow. Recently published data show that the area’s median single-family home value is above $1 million, reaching $1,072,600m while the national is $173,500. Now a real estate in this area, refinanced several times is scheduled for a foreclosure auction next Tuesdays. The [...]
The San Francisco Redevelopment Agency can expect a $18 million down payment as soon as there will be a winner for the construction of 450 units of mixed-income housing near the Transbay Terminal. The amount can lessen to $15 million if the builder is willing to work out a participation payment plan with the city. [...]
San Francisco recorded a drop in pre-foreclosure activity last Month. According to the latest data published by the San Francisco Association of Realtors in June 576 properties received foreclosure filing. This number dropped to 549 today, 32% of which are in District 10, down from 34% in January but up from 30% in March. However, [...]
Financial distress doesn’t avoid churches. Now the San Jose-Mekane Rama Saint Gabriel Cathedral in San Jose faces hard financial times, as it is threatened with foreclosure The cathedral was established in 1986 by few Ethiopians who wanted to have a place of their own to worship and fulfill spiritual needs and the real estate served [...]
Sunnyvale Town Center went back it Wells Fargo on a public auction August 17, as no one bid on the property except the lender, so it won control on the 36-acre mixed used project with an $108.8 million credit bid. “Based on today’s action, the bank now has legal control of the town center project [...]
