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Blog Archives: November 2016

Airbnb Vs. The City

November 23, 2016
Source: Megan Barber, Curbed SF It's a story enshrined in tech history: in 2007, two entrepreneurs struggling to make rent in pricey San Francisco latched onto a novel idea. A design conference was coming to town and hotels were sold out. The pair decided to throw three air mattresses into their loft, charge $80 per person (breakfast included), and advertise the nightly rentals on a new, custom-built website. In their first weekend of hosting, cofounder Joe Gebbia said in a 2009 interview, they netted close to $1,000. Several failed ...

Another Record for Bay Area Home Prices, New Report Shows

November 08, 2016
Bay Area home prices continued to move higher last month with the median sale price of all homes (new and resale, houses and condos) hitting yet another record, according to a new report by CoreLogic, the Irvine-based real estate information firm. The median price paid for all homes sold in the Bay Area in June 2016 was a record $712,000, the third straight month it hit a new high. Prior to this spring, the peak median was $665,000 in June and July of 2007, CoreLogic reported. The June 2016 median price was up 1 percent month over month ...

San Francisco County Area Report

November 07, 2016
Here is your latest Area Report, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact me if you would like more information on your current market. SAN FRANCISCO COUNTY MARKET SUMMARY October 2016 | Single Family H ...

Will rising construction costs choke the Bay Area's development pipeline?

November 04, 2016
Source: Mary Ann Azevedo of San Francisco Business Times There’s no question that Bay Area contractors and developers are feeling the crunch of the overheated construction market – to the point that some developments have been put on hold. The biggest problem, they say, is that demand for subcontractors far outweighs supply, which is driving costs to unsustainable levels. Until those costs come down, contractors and developers are getting creative with their approaches to building – or simply putting projects on the backburner. Kofi ...