It was November 10th when we last looked at the sampler. With the holidays behind us and the late winter/early spring bump in inventory and sales, there are some interesting changes to the Downtown sales landscape. Arterra is rumored to be sold out within the week and The Infinity has but 15 units remaining. The impending sellout at the Main and Spear Street complex has motivated some owners to list their homes; and at aggressive prices. Time will tell what the market will bear, but the fact remains that overall inventory is low and buyer interest is high. Off to the races...
The Beacon
Six 1-bedrooms, two 2-bedrooms. Available units: 8. Total units: 595.
The Metropolitan
One 1-bedroom, two 2-bedrooms. Available units: 3. Total units: 342.
Watermark
No resale activity. Total units: 136.
200 Brannan
One 2-bedroom. Available units: 1. Total units: 191.
The Brannan
Four 1-bedrooms, Five 2-bedrooms. Available units: 9. Total units: 339.
The Potrero
One 1-bedroom. Available units: 1. Total units: 155
The Hayes
No resale inventory. Total units: 128
Arterra *
No resale inventory. Total units: 269
The Infinity *
Four 2-bedrooms. Available units: 4. Total units: 650
One Rincon Hill *
Three 1-bedrooms and Six 2-bedrooms. Available units: 9. Total units overall: 376.
* New inventory still available from the developer.
Showing posts with label 200 Brannan. Show all posts
Showing posts with label 200 Brannan. Show all posts
Tuesday, February 23, 2010
Tuesday, November 10, 2009
Downtown Inventory Sampler: What's That Sucking Sound ???
It was August 25th when we last visited our ten pet developments. Summer was winding down and resale inventory was low, due to a busy summer buying season this year. Properties that did not sell were taken off the market and sellers who had waited to list were preparing to put their properties up for sale for the beginning of the fourth quarter. Typically, the last active time of year for sales before the holidays and winter rain.
The Fall inventory bump materialized as expected and resale absorption was very respectable. The numbers indicate that sellers got more realistic about price and buyers found the confidence to move forward. The difference between then and now ? 200 Brannan had seven active listings on August 25th, today they have one. The Metropolitan had eleven, now six. That sucking sound I referred to above ? That's new and resale inventory being Hoovered away...
The Beacon
One studio, five 1-bedroom, two 2-bedrooms. Available units: 8. Total units: 595.
The Metropolitan
Three 1-bedrooms, two 2-bedrooms and one 3-bedroom. Available units: 6. Total units: 342.
Watermark
No resale activity. Total units: 136.
200 Brannan
One 2-bedroom. Available units: 1. Total units: 191.
The Brannan
One 1-bedroom, Four 2-bedrooms. Available units: 5. Total units: 339.
The Potrero
One studio, One 1-bedroom. Available units: 2. Total units: 155
The Hayes
No resale inventory. Total units: 128
Arterra *
One 2-bedroom. Available units: 1. Total units: 269.
The Infinity *
One 1-bedroom, one 2-bedroom. Available units: 2. Total units: 650.
One Rincon Hill *
Two 1-bedrooms and Two 2-bedrooms. Available units: 4. Total units overall: 376.
* New inventory still available from the developer.
The Fall inventory bump materialized as expected and resale absorption was very respectable. The numbers indicate that sellers got more realistic about price and buyers found the confidence to move forward. The difference between then and now ? 200 Brannan had seven active listings on August 25th, today they have one. The Metropolitan had eleven, now six. That sucking sound I referred to above ? That's new and resale inventory being Hoovered away...
The Beacon
One studio, five 1-bedroom, two 2-bedrooms. Available units: 8. Total units: 595.
The Metropolitan
Three 1-bedrooms, two 2-bedrooms and one 3-bedroom. Available units: 6. Total units: 342.
Watermark
No resale activity. Total units: 136.
200 Brannan
One 2-bedroom. Available units: 1. Total units: 191.
The Brannan
One 1-bedroom, Four 2-bedrooms. Available units: 5. Total units: 339.
The Potrero
One studio, One 1-bedroom. Available units: 2. Total units: 155
The Hayes
No resale inventory. Total units: 128
Arterra *
One 2-bedroom. Available units: 1. Total units: 269.
The Infinity *
One 1-bedroom, one 2-bedroom. Available units: 2. Total units: 650.
One Rincon Hill *
Two 1-bedrooms and Two 2-bedrooms. Available units: 4. Total units overall: 376.
* New inventory still available from the developer.
Tuesday, August 25, 2009
Downtown Inventory Sampler: Back-To-School Special
It was July 7th when we last visited our ten pet developments. Summer was just kicking off and now, sadly the season is almost over. But this isn't Nantasket nor Nantucket. Any San Franciscan worth their salt knows that September and October are the warmest and sunniest months of the entire year. The best is yet to come.
Inventory in San Francisco is typically low in August with summer buyers completing transactions and vacations taking priority for others. The numbers below seem to bear that out with the anticipated September inventory bump right around the corner.
The Beacon
Three studios, five 1-bedroom, two 2-bedroom. Available units: 10. Total units: 595.
The Metropolitan
Six 1-bedroom, four 2-bedroom and one 3-bedroom. Available units: 11. Total units: 342.
Watermark
One 2-bedroom and one 3-bedroom. Available units: 2. Total units: 136.
200 Brannan
One 1-bedroom, Five 2-bedroom and one 3-bedroom. Available units: 7. Total units: 191.
The Brannan
Two 2-bedrooms. Available units: 2. Total units: 339.
The Potrero
No resale inventory. Total units: 155
The Hayes
No resale inventory. Total units: 128
Arterra *
No resale inventory. Total units: 269.
The Infinity *
One 1-bedroom, one 2-bedroom. Available units: 2. Total units: 364 (excluding Tower II).
One Rincon Hill *
Two 1-bedroom and One 2-bedroom. Available units: 2. Total units overall: 376.
* New inventory still available from the developer.
Inventory in San Francisco is typically low in August with summer buyers completing transactions and vacations taking priority for others. The numbers below seem to bear that out with the anticipated September inventory bump right around the corner.
The Beacon
Three studios, five 1-bedroom, two 2-bedroom. Available units: 10. Total units: 595.
The Metropolitan
Six 1-bedroom, four 2-bedroom and one 3-bedroom. Available units: 11. Total units: 342.
Watermark
One 2-bedroom and one 3-bedroom. Available units: 2. Total units: 136.
200 Brannan
One 1-bedroom, Five 2-bedroom and one 3-bedroom. Available units: 7. Total units: 191.
The Brannan
Two 2-bedrooms. Available units: 2. Total units: 339.
The Potrero
No resale inventory. Total units: 155
The Hayes
No resale inventory. Total units: 128
Arterra *
No resale inventory. Total units: 269.
The Infinity *
One 1-bedroom, one 2-bedroom. Available units: 2. Total units: 364 (excluding Tower II).
One Rincon Hill *
Two 1-bedroom and One 2-bedroom. Available units: 2. Total units overall: 376.
* New inventory still available from the developer.
Expect these numbers to swell like the crowds at Dolores Park as the fall selling season kicks off after Labor Day.
For more detail and guidance on the Downtown market whether you are a buyer or a seller, contact me.
Tuesday, July 7, 2009
Downtown Inventory Sampler
It's been a few months since we took a snap shot of resale inventory at the selected developments below. The most interesting thing to note this time around is that the numbers are almost identical to the last time. To quote Depeche Mode, did the market "Get the balance right" ? Or are we in for a "Black Celebration"? Whatever the case may be, homes priced for the current market are selling, albeit with longer marketing times.
If you have questions about the value of your home or are looking for a "New Life" in a Downtown condominium, let me know.
No more 80's Depeche Mode references (in this article), I promise.
The Beacon
Two studios, eight 1-bedrooms, four 2-bedrooms
Total units available: 14. Total units overall: 595.
The Metropolitan
Three 1-bedrooms and one 2-bedrooms.
Total units available: 4. Total units overall: 342.
Watermark
One 1-bedroom, two 2-bedrooms.
Total units available: 3. Total overall: 136.
200 Brannan
Three 1-bedrooms, FIve 2-bedrooms and one 3-bedroom. Total units available: 9. Total units overall: 191.
The Brannan
One 1-bedrooms, four 2-bedrooms.
Total units available: 5. Total units overall: 339.
The Potrero
Two 1-bedrooms, One 3-bedroom. Total units available: 3. Total units overall: 155.
The Hayes
No resale units. Total units overall: 128.
Arterra *
No resale units. Total units overall: 269.
The Infinity
One 1-bedroom, one 2-bedroom. Total units available: 2. Total units overall 364 (excluding Tower II).
One Rincon Hill *
One 1-bedrooms and One 2-bedroom. Total resale units available: 2. Total units overall: 376.
If you have questions about the value of your home or are looking for a "New Life" in a Downtown condominium, let me know.
No more 80's Depeche Mode references (in this article), I promise.
The Beacon
Two studios, eight 1-bedrooms, four 2-bedrooms
Total units available: 14. Total units overall: 595.
The Metropolitan
Three 1-bedrooms and one 2-bedrooms.
Total units available: 4. Total units overall: 342.
Watermark
One 1-bedroom, two 2-bedrooms.
Total units available: 3. Total overall: 136.
200 Brannan
Three 1-bedrooms, FIve 2-bedrooms and one 3-bedroom. Total units available: 9. Total units overall: 191.
The Brannan
One 1-bedrooms, four 2-bedrooms.
Total units available: 5. Total units overall: 339.
The Potrero
Two 1-bedrooms, One 3-bedroom. Total units available: 3. Total units overall: 155.
The Hayes
No resale units. Total units overall: 128.
Arterra *
No resale units. Total units overall: 269.
The Infinity
One 1-bedroom, one 2-bedroom. Total units available: 2. Total units overall 364 (excluding Tower II).
One Rincon Hill *
One 1-bedrooms and One 2-bedroom. Total resale units available: 2. Total units overall: 376.
Tuesday, March 3, 2009
More Postcards from the Edge: A brief snapshot of current resale activity at 10 Downtown developments.
One month ago (February 2nd) we took a look at some cold, hard numbers. I chose ten new or newer condominium developments and pulled statistics from the MLS that communicate some very basic data on each building: How many resale units are for sale, what type of home it is (studio, one, two or three bedroom) and how many units are in the building overall? More than a few readers told me that they appreciated this not very scientific survey so I thought it might be interesting to see what difference (if any) one month has made. As I did last time, I kept any pricing analysis out of it because I believe that the aforementioned criteria tell their own story. An asterisk after the building name denotes that new inventory is still available through the sales office.
In a nutshell: small increases in inventory at roughly half the communities surveyed. No discernible trends thus far although it will be interesting to see what the spring resale market looks like. Keep in mind that the first batch of Infinity Tower I closings have also hit the one-year resale prohibition expiration.
If you have any questions about these numbers or would like more detailed information about current inventory and pricing do not hesitate to contact me. Without further ado, The Numbers:
The Beacon
Three studios, eight 1-bedrooms, four 2-bedrooms
Total units available: 15. Total units overall: 595.
The Metropolitan
Six 1-bedrooms and five 2-bedrooms.
Total units available: 11. Total units overall: 342.
Watermark
Four 2-bedrooms and one 3-bedroom.
Total units available: 5. Total overall: 136.
200 Brannan
Three 1-bedrooms, three 2-bedrooms and one 3-bedroom. Total units available: 7. Total units overall: 191.
The Brannan
Two 1-bedrooms, six 2-bedrooms and two 3-bedrooms.
Total units available: 10. Total units overall: 339.
The Potrero
No resale units. Total units overall: 155.
The Hayes *
No resale units. Total units overall: 128.
Arterra *
No resale units. Total units overall: 269.
The Infinity *
One 2-bedroom. Total units available: 1. Total units overall 364 (excluding Tower II).
One Rincon Hill *
Four 1-bedrooms and five 2-bedrooms.
Total resale units available: 9. Total units overall: 376.
In a nutshell: small increases in inventory at roughly half the communities surveyed. No discernible trends thus far although it will be interesting to see what the spring resale market looks like. Keep in mind that the first batch of Infinity Tower I closings have also hit the one-year resale prohibition expiration.
If you have any questions about these numbers or would like more detailed information about current inventory and pricing do not hesitate to contact me. Without further ado, The Numbers:
The Beacon
Three studios, eight 1-bedrooms, four 2-bedrooms
Total units available: 15. Total units overall: 595.
The Metropolitan
Six 1-bedrooms and five 2-bedrooms.
Total units available: 11. Total units overall: 342.
Watermark
Four 2-bedrooms and one 3-bedroom.
Total units available: 5. Total overall: 136.
200 Brannan
Three 1-bedrooms, three 2-bedrooms and one 3-bedroom. Total units available: 7. Total units overall: 191.
The Brannan
Two 1-bedrooms, six 2-bedrooms and two 3-bedrooms.
Total units available: 10. Total units overall: 339.
The Potrero
No resale units. Total units overall: 155.
The Hayes *
No resale units. Total units overall: 128.
Arterra *
No resale units. Total units overall: 269.
The Infinity *
One 2-bedroom. Total units available: 1. Total units overall 364 (excluding Tower II).
One Rincon Hill *
Four 1-bedrooms and five 2-bedrooms.
Total resale units available: 9. Total units overall: 376.
Monday, February 2, 2009
Postcards from the edge: A brief snapshot of current resale activity at ten Downtown developments.
We are taking a brief hiatus from the witty commentary and opinion you usually find here and are going to look at some cold, hard numbers. I chose ten new or newer condominium developments and pulled statistics from the MLS that communicate some very basic data on each building: How many resale units are for sale, what type of home it is (studio, one, two or three bedroom) and how many units are in the building overall? It's not a terribly scientific survey and I kept any pricing analysis out of it because I believe that the aforementioned criteria tell their own story. An asterisk after the building name denotes that new inventory is still available through the sales office.
If you have any questions about these numbers or would like more detailed information about current inventory and pricing please do not hesitate to contact me. Without further ado, The Numbers:
The Beacon
Two studios, five 1-bedrooms, four 2-bedrooms and one 3-bedroom.
Total units available: 12. Total units overall: 595.
The Metropolitan
Five 1-bedrooms and two 2-bedrooms.
Total units available: 7. Total units overall: 342.
Watermark
Five 2-bedrooms and one 3-bedroom.
Total units available: 6. Total overall: 136.
200 Brannan
One 2-bedroom. Total units available: 1. Total units overall: 191.
The Brannan
Two 1-bedrooms, six 2-bedrooms and two 3-bedrooms.
Total units available: 10. Total units overall: 339.
The Potrero
One 2-bedroom. Total units available: 1. Total units overall: 155.
The Hayes*
No resale units. Total units overall: 128.
Arterra*
No resale units. Total units overall: 269.
The Infinity*
One 2-bedroom. Total units available: 1. Total units overall 364 (excluding Tower II).
One Rincon Hill*
One 1-bedroom and three 2-bedrooms.
Total resale units available: 4. Total units overall: 376.
If you have any questions about these numbers or would like more detailed information about current inventory and pricing please do not hesitate to contact me. Without further ado, The Numbers:
The Beacon
Two studios, five 1-bedrooms, four 2-bedrooms and one 3-bedroom.
Total units available: 12. Total units overall: 595.
The Metropolitan
Five 1-bedrooms and two 2-bedrooms.
Total units available: 7. Total units overall: 342.
Watermark
Five 2-bedrooms and one 3-bedroom.
Total units available: 6. Total overall: 136.
200 Brannan
One 2-bedroom. Total units available: 1. Total units overall: 191.
The Brannan
Two 1-bedrooms, six 2-bedrooms and two 3-bedrooms.
Total units available: 10. Total units overall: 339.
The Potrero
One 2-bedroom. Total units available: 1. Total units overall: 155.
The Hayes*
No resale units. Total units overall: 128.
Arterra*
No resale units. Total units overall: 269.
The Infinity*
One 2-bedroom. Total units available: 1. Total units overall 364 (excluding Tower II).
One Rincon Hill*
One 1-bedroom and three 2-bedrooms.
Total resale units available: 4. Total units overall: 376.
Wednesday, November 19, 2008
Does 'P' stand for 'Panic' or 'Patient' ? Perplexed prospects ponder proliferation of plum new listings proffered Downtown.
originally published 10/21/08
My dear friend you see, is a very talented and currently in-demand stager. At first I thought it was odd timing given that if a sale occurred within 60 days these sellers would presumably be moving during the holidays. Not much thought went into this seemingly off timing again until I went on tour downtown today and was surprised by how many new listings there were and by the eye-popping asking prices.
Some examples:
A freshly listed corner 2-bedroom at The Brannan on a higher floor with a spectacular view, approximately 1300 square feet. 1.8M. Hm.
A top floor view 2/2 with a large balcony in a mid-rise on Rincon Hill clocking in at 1200 square feet. 1.425M. Oog.
An impressive and new-to-the-market 3-bedroom 3.5 bath corner loft at 200 Brannan. At least 1700 square feet. 3.388M. Whoa.
What put my visit to these lovely homes in perspective was my first stop that day at The Beacon. A friend and former colleague has the listing for a corner 2/2 on the top floor with a balcony. It's a lovely spot with forever views that was sold 2 years ago by the developer for 1.25M. A price that was considered a good value at the time.
It's 3 days away from foreclosure unless the seller gets it in contract as a short sale. 1250 square feet and asking... 999K
That leaves us with 4 high-end condominiums being marketed against a backdrop where potential buyers are looking for value and opportunity and sellers seem to want to cash out or just get out. Even if the sellers are 'testing the market' one has to wonder about the motivation and timing of that decision.
What's important to understand for agents and buyers navigating this market is that these mixed messages are a symptom of the general confusion and apprehension about what the future holds for our economy. As with all situations where the outcome isn't predictable there are great opportunities for those that are confident and maybe a little fearless.
Now about that cocktail...
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