March 18, 2006 • 7:31 pm 0
Out of the 15 homes that have sold this year in Potrero Hill, 5 have sold for over the asking price, 6 have sold for under the asking price and 4 have sold for exactly the asking price.
Does this mean anything to buyers and sellers?
Filed under: Potrero Hill, stats , Potrero Hill, stats
March 8, 2006 • 11:00 pm 0
According to Goldstein, Gellman, Melbostad, Gibson + Harris LLP:
In January, the San Francisco Board of Supervisors voted to send all lottery condominium conversion applications before the Planning Commission to allow the public an opportunity to question the legitimacy of each conversion. Prior law required a public hearing only for 5-6 unit properties. Mayor Newsom will veto the new legislation, which passed by only a 6-3 vote, indicating that his veto will not be overridden by the Supervisors.
On December 6, 2005, the Supervisors slightly changed the rules for the 2006 condominium conversion lottery, while tightening rules on so-called “protected evictions” of elderly or disabled tenants.
The City has nearly doubled its application fee for condominium conversions to $8,336. The purpose for the fee increase is to allow for hiring of additional staff to help process conversions more quickly. Given the backlog of pending applications, however, conversion applicants are unlikely to see any significant shortenings of conversion processing times in 2006.
March 2, 2006 • 6:47 pm 0
About 2.5 weeks back I wrote about the lack of inventory on the ‘Hill. My oh my, it’s amazing how different the active homes for sale list looks like now with 4 Single family homes averaging $1,532,000 and 15 lofts and condo’s versus the list just a few weeks back!
click: Active Potrero Hill Single Family Homes
click: Acive Potrero Hill Lofts and Condo’s
Though Glen Park has a few more active single family homes, there is not 1 loft or condo for sale!
click: Active Glen Park Single Family Homes
click: Active Glen Park lofts and Condo’s
Filed under: Uncategorized
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