Transbay Housing Update – San Francisco, CA

“The San Francisco Redevelopment Agency has awarded Golub and Co. and Mercy Housing the rights to develop 557 units of housing on Folsom Street.  This is a deal that will generate upwards of $30 million that will be used for the Transbay Terminal.

Transbay Terminal Under Way

The proposal includes 407 units of market rate housing and 150 affordable units.  The site lays on Blocks 6 and 7 in the Transbay District on Folsom Street between Beale and Fremont; it is currently owned by the state. Golub and Co. would be responsible for the market rate housing while Mercy Housing will develop the affordable units.  The minimum bid to build was $18 million and Golub outbid the competition by well over 30 percent.  The $30 million will help pay for the $4.2 billion Transbay Terminal project…”

…Read this article and more in the new issue of MarketTracker, courtesy of Zephyr Real Estate. Also in this issue:

Most Recent Sales
San Francisco Market Overview (the Single Family Home sector is looking up!)
Make it Your Own- MarketTracker is now customizable for you.
New Construction in Pacific Heights

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Car-Free? No Problem in San Francisco, CA!

Walkable & Bikeable SF!

“A recent study conducted by 24/7 Wall Street identified the 10 best cities to live without a car. San francisco made the cut!

There were many elements that factored into this decision, including:

• Widely available and efficient public transportation system (Are they talking about MUNI?!)
• Availability of daily amenities such as groceries, shopping, schools and entertainment easily accessible on foot or by bike (We sure do have a lot of Whole Foods!)
• Walkability
• Mild weather

The study looked at the 100 largest metro areas in the country. Each was evaluated based on the percentage of neighborhoods covered by public transit, the number of jobs within 90-minute travel by that public transportation, the walking score of neighborhoods, amenities available via walking, and the biking opportunities within the area. (Of note: Seven of the top 10 cities are also on Top 50 Bike Friendly Cities list).”

…Read this article and more in the new issue of MarketTracker, courtesy of Zephyr Real Estate. Also in this issue:

Most Recent SF Home Sales
San Francisco Real Estate Market Overview
Spotlight on NoPa (North of Panhandle neighborhood)
Gearing Up For the Season

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Half-Off $70 Million Penthouse in San Francisco, CA!

“Currently, the most expensive bank-owned residence in the country is in San Francisco. The Museum Tower Penthouse, a.k.a. the St. Regis Penthouse, was once listed for $70 million.

It’s a 6 bedroom, 6 full bath, 4 half-bath penthouse unit that is well over 20,000 square feet. It’s actually the combination of 3 penthouse units, which span 2 floors. This is a unit that was created by a real estate mogul by the name of Victor MacFarlane, and it has never even been lived in…”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

  • Most Recent Sales
  • San Francisco Market Overview
  • Neighborhood Watch: The Sunset
  • Dolores Park Update

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City-wide, the drop in median sales price for single-family homes from 2005 to 2010 was just under 11% (not bad for the Great Recession)

“Widely read local real estate blog SFCurbed recently posted on the “10 Most Depressing Things . . .”related to the housing market. The early Armageddon that was described included falling home prices, an increase in numbers of homeowners under water and no ‘bottom’ to the free fall until sometime in 2012, “at the earliest.” While I would concur that things could be better, I have to point out that the data cited was from Zillow.com, anything but a local source…”

…Read this article and more in the new issue of MarketTracker, provided by Zephyr Real Estate. Also in this issue:

Most Recent Sales
San Francisco Market Overview
Battle of the Valleys
Looking on the Sunny Side of Real Estate
Resources for San Francisco Green Thumbs

Want local real estate data personalized for your own San Francisco neighborhood, such as Noe Valley, Bernal Heights, Hayes Valley or any SF neighborhood? Just send us the request and we’ll get you a hyperlocal Market Tracker report.

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Zephyr MarketTracker

Check out Zephyr Real Estate Market Tracker for San Francisco real estate updates for SF home buyer and sellers.

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Zephyr MarketTracker

Check out Zephyr’s bi-weekly Market Tracker for the latest real estate updates for San Francisco Home-buyers and Sellers.

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Zephyr MarketTracker

Check out Zephyr’s bi-weekly Market Tracker for the latest real estate updates for San Francisco Home-buyers and Sellers.

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Latest MarketTracker

Click here to view the latest Zephyr MarketTracker.  In this issue….

Where $700K can take you,

From the highs to the lows,

and more!

 

 

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