 |
| San Francisco Market Overview |
|
|
|
|
|
Single Family Homes |
Condos/TICs/Lofts |
2-4 Units |
Median Sales Price, last 180 days
% Change from prior 180 days
Avg. Days on Market, last 180 days
% Change from prior 180 days |
$668,000.00
+13.80%
61
-12.86% |
$605,000.00
-0.98%
80
+1.27% |
$1,008,000.00
+8.39%
86
-6.52% |
|
Hunters Point Shipyard
We’ve been discussing large development projects that have the ability to change the face of certain area’s of our great city. None are more important than the renovation of the Hunters Point Shipyard. A brief look at what’s done and what’s next:
Developer: Lennar Urban
Phase 1: 88 units set to break ground at the start of 2010
Phase 1A: 159 units set to break ground in the 2nd half of 2010
Price Range: $400K-$700K with the majority of units priced under $500K. Price per square foot will be in the neighborhood of $500.
While the developer is slightly leery of the current market, there’s also much optimism. “This is a long-term project, and we have to get started at some point. By the time the first batch of homes are on line, there won’t be a lot of inventory of new projects out there,” said Jack Robertson, VP of Development for Lennar Urban.
Materials used will be stucco, corrugated steel, wood, translucent resin panels and lots of glass to take advantage of city and bay views. The project will have a much different feel than the block style located along Berry Street. |
|
| Mission Bay Development |
| Six years ago there was a vision for a new neighborhood in southeast San Francisco. Come Thanksgiving when 130 families move into the recently completed Mission Walk project (pictured right), there will be a total of 3,426 new units added over the past six years!
There will be a lull, however, of at least 2 years before the next batch of 6,000 units is complete.
Project Updates
Radiance: 99 units in Phase 1 with only 4 remaining. The next phase of 318 units is set to resume construction in late 2010.
Artera: 269 units with only 40 remaining
Mercy Housing: Affordable housing units, similar to Mission Walk, is currently raising money for the 2nd phase of development and has slated 2011 for construction with completion in 2012
One surprising element with all the development – kids! The area is home to over 350 children. A neighborhood group has been formed with the goal of creating a playground, which was not slated for construction until 2012, but is now becoming a major priority. |
 |
|
|
| Tis the Season |
 |
With Thanksgiving nearly here, holiday festivities are springing up all around town. A few highlights to get your holiday cheer in full swing
39th Annual Tree Lighting at Ghirardelli Square
November 25th, 5:30pm
50 foot tree, Ghirardelli carolers and hot chocolate – Yum!
Festival of Lights
November 26th – December 31st
Fisherman’s Wharf. The holiday season is the time to visit this typical tourist stop. Bright lights outline the buildings and decorations line the lagoons.
Union Square Tree Lighting
November 28th, 6pm
Yet another tree lighting, but you can ice skate and watch this one!
Holiday Ice Rink at Embarcadero Center
Open now. Easily one of the best outdoor seasonal rinks. Where else in the world can you ice skate alongside Palm Trees? |
|
