December 12, 2005 • 7:29 pm
There is now more information available about the Sierra Heights project as they now have a website. On the site there are floor plans and renderings. Unfortunately there is still no price information available.
According to the sierra-heights website:
SIERRA HEIGHTS offers elegant, contemporary living on a new side of Potrero Hill. The development consists of sixty-seven new residences all with a fresh presentation and contemporary feel. There are one, two and three-bedroom homes available across three separate buildings on the site. The three buildings are joined by a beautiful courtyard area which creates a sense of intimacy and scale.
Located on the corner of Texas and Sierra Streets on Potrero Hill, the project provides spectacular East Bay and waterfront views. Many homes have beautiful outdoor areas which will allow new owners to enjoy the tranquility of the landscape.
Sierra Heights [website]
Filed under: Ggold, Potrero Hill, new Real Estate developments, real estate , 'hood changes, new developments, Potrero Hill, real estate
December 11, 2005 • 2:12 am
Due to budget constraints, UCSF has decided to delay the ground breaking for the new Mission Bay hospital. Though some on Potrero Hill may be excited about the lack of construction and additional years with a bay view, others are concerned.
UCSF Delays Mission Bay Hospital Plan [Business Times]
UCSF Mission Bay Campus [website]
Filed under: Central Waterfront, Ggold, neighborhood changes, new developments , 'hood changes, garrett goldman, Mission Bay
December 8, 2005 • 4:56 am
A good friend of mine told me that he’s curious to see what happens to SF home prices in the upcoming year. I told him that I’m just as anxious, but I don’t foresee a major change. Shortly thereafter, I read this article in SFgate.
The jist:
Slower job growth but no recession
Home prices flatten but don’t plunge
A change at the Fed adds to uncertainty
Sluggish growth seen for state [SFGate]
Filed under: Ggold, news , news
December 4, 2005 • 4:13 am
San Francisco has seen an extremely strong “sellers market” over the last several years. I’m not convinced things have completely changed yet, but I have noticed a shift. Personally, I think it would be nice to have more of a balanced approach–both buyers and sellers feel good about the transaction and are in equal control.
A buyer’s market is one where there is ample amounts of inventory and very little activity. A market like this is fantastic for prospective buyers–sellers loose some of their power, you have several homes to choose from and typically your dollar goes a bit further since you’re not competing against other buyers. This type of market requires sellers to be very cautious if they want to protect their investment. A seller cannot underprice their property in a strong buyer’s market, overpricing is the kiss of death. It’s also important that sellers market their property uniquely, creatively and in abundance.
Again, I don’t think things have changed completely, but our market was due for a correction. Though everybody wants to protect their investment and make money on a sale, it’s just as important that families that need or want to own their own home have the opportunity.
Filed under: Uncategorized
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