New Listings | Week ending 12/31

1057 Valencia St., San Francisco | $825,000
MLS#363224
4 bedroom, 2 bath | Single Family Residence | Map
Inner Mission
Price reduced. This is a spacious grand 1880 painted lady Victorian with its high ceilings and wood floors in many rooms. It is on Valencia’s finest block by 22nd Street and Hill Street in historic Liberty Hill District. Kitchen features eat-in area. Grea more.
John Kaufman
DRE# 0180567

76 Richland Ave., San Francisco | $599,000
MLS#364554
| Multi-Family | Map
Bernal Heights
Property is zoned RH-2. It has had several configurations over the years. The most workable configuration would be a large 2 level,3 bd 2ba home with a 1 bd apartment below. Large rear yard. Large (possibly tandem) garage. NEEDS A GREAT DEAL OF WORK! more.
Margel Kaufman
DRE# 00872904

Upcoming Open Homes

OPEN: 1/03/2010 2:00 PM to 4:00 PM
49 Paloma Ave., San Francisco | $1,575,000
MLS#360946
4 bedroom, 3 bath | Single Family Residence | Map
Ingleside Terrace
Discover Ingleside Terraces, the beautiful neighborhood that is SF’s best kept secret. Remodeled Arts & Crafts home w/4 BD + office,3BA, FLR & FDR w/built-in cabinets & gas fireplace, Remodeled Kitchen w/top-of-the-line appliances, granite cntr, FR & adjo more.
Michael Genoshe
DRE# 01314827

OPEN: 1/03/2010 2:00 PM to 4:00 PM
75 Lunado Way., San Francisco | $1,198,000
MLS#359120
3 bedroom, 2.5 bath | Single Family Residence | Map
Ingleside Terrace
Fully detached Dutch Colonial home in Ingleside Terrace.Main level of this gracious & bright home boasts a spacious LR w/marble fplc & paned windows. Large,elegant formal dining room has paned windows & adjoins newly remodeled kitchen as an open floor pla more.
Betty Taisch
DRE# 01227574

OPEN: 1/03/2010 2:00 PM to 4:00 PM
380 Urbano Dr., San Francisco | $1,198,000
MLS#362803
4 bedroom, 2.5 bath | Single Family Residence | Map
Ingleside Terrace
Fully Detached 4 bdrm, 2.5 bth, Span. Med.home in Ingleside Terraces w/period detailing on two levels. Main level has FLR w/marble frpl & barreled ceiling, FDR, Remodeled Kit w/Brkft Bar & Fam Rm w/adjoining elevated rear deck w/views. 2 bdrms & 1.5 bth o more.
Michael Genoshe
DRE# 01314827

OPEN: 1/03/2010 1:00 PM to 4:00 PM
1321 45th, San Francisco | $968,000
MLS#364382
| Multi-Family | Map
Outer Sunset
Clean 4 unit building. Featuring 2 units of 2 bedrooms, 1 bathroom and 2 units of 1 bedroom, 1 bathroom units. 5 car parking, ocean views from top unit, common laundry room and storage. Conveniently located 2 blocks from Golden Gate Park and close to tr more.
Kaz Sera
DRE# 01057719

OPEN: 1/02/2010 2:00 PM to 4:00 PM
1/03/2010 2:00 PM to 4:00 PM
275 Claremont Blvd., San Francisco | $950,000
MLS#363826
4 bedroom, 2 bath | Single Family Residence | Map
West Portal
Period detailing & HRDW floor abound in this charming light filled home within steps from the vibrant West Portal.Formal lvng rm w/FRPL & built-in bookcases,lrg dn rm w/spectacular built in buffet, cozy breakfast room, & sunny kitch all on main lvl.Also o more.
Betty Taisch
DRE# 01227574

OPEN: 1/03/2010 2:00 PM to 4:00 PM
99 Escondido Ave., San Francisco | $899,000
MLS#364112
4 bedroom, 2.5 bath | Single Family Residence | Map
Pine Lake Park
Start 2010 in your New Home! ~ Beautiful 3-level fully detached corner home in Pine Lake Park. Main level offers large Formal LR w/wood fireplace, Formal DR, bright eat-in Kitchen w/pantry, & Powder Rm w/vanity. Upstairs is a large Master Suite, Full Bath more.
Melinda Lee
DRE# 01344377

OPEN: 1/03/2010 2:00 PM to 4:00 PM
1029 Natoma St., San Francisco | $859,000
MLS#359626
| Single Family Residence | Map
South Of Market
Project ready for a 4 unit condo designed by Stanley Saitowitz,Award winning world renowned architect – Natoma Architects Inc-.Plse visit http://www.saitowitz.com/ for info. Plans for 1029 Natoma are similar to the project 1028 Natoma. Existing house on p more.
Betty Taisch
DRE# 01227574

OPEN: 1/03/2010 2:00 PM to 4:00 PM
256 Glenview Dr., San Francisco | $845,500
MLS#360622
3 bedroom, 2 bath | Single Family Residence | Map
Midtown Terrace
Back on the market! NO fault of the property!Spacious view home. Extensive So. views-SF Bay to Ocean can be enjoyed from the kitch,deck,& LVR/DNR. W/w carpets cover HDWD FL in the LVR/DNR. Lovely FRPL graces the LVR. All 3 bed & 2 recently remod baths are more.
Betty Taisch
DRE# 01227574

Open Houses for the weekend of January 1/2-1/3

2222 Bay, $2,195,000
Open Sun 2:00 – 4:00PM
Marina – Huge Price Reduction!
Exquisite remodeled Spanish Mediterranean home in prime location! 3bd/3BA gorgeous gourmet kit, formal living room & dining room, family rm, lower lvl master suite that opens to private back yard. 2 car garage
Nina Hatvany 710-6462
www.ninahatvany.com

2980 Privet Dr., $4,800,000
Open Sun 2:00 – 4:00PM
Elegant estate on one of the best view lots with huge useable yard. Designer remodel with pano bay views from SF to South Bay. 5BR/4BA, library, media rm & guest suite.
Shaban Shakoori 518-9269
www.residentialsf.com

3150 Jackson St., $2,995,000
Open Sun 2:00 – 4:00PM
Rare Opportunity. Classic and grand home in need of renovation. Approx. 5500 square feet. Beautiful living room, double parlor, dining room with box beamed ceilings. Lovely details incl. 5 fireplaces. 6 bedrooms, plus 2 offices and sunroom. 3 full baths. Pentroom with deck and GG Bridge view. Walk out garden. Garage for one car.
Patricia Lawton 415-309-7836
www.LawtonSF.com

3571 Pierce St., $985,000
Open Sun 2:00 – 4:00PM
2BD + Sunroom. Marina condominium. Lower unit, parking, outdoor space. Must See – 1st Offering!
Tim Farrell 846-2602
Monica Pauli 902-9502

263 Central, $750,000
1st Open! Sun 1:00 – 3:00PM
New Listing! Bright 2 BR/1 BA top floor condo. LR and DRs w/ fplcs, open kit, w/d in unit & lrg storage rm.
Bruce Lyon 229-1339
www.isellsfhomes.com

550 Davis #13, $1,795,000
Open Sun 2:00 – 4:00PM
Fab twnhm Park, City, Coit tower vus, sunny 3bd/2.5 ba, den, patio, fplc, pkg. pets ok.
Janis Stone 866-224-8024
www.SFResidence.com

2077 Jackson #205, $569,000
Open Sun 2:00 – 4:00PM
Prime location, chic, sophisticated, remodeled 1 bd w/ parking- great price!
Janis Stone 866-224-8024
www.SFResidence.com

1407 Montgomery #1 & #2, $579,000-$699,000
Open Sun 2:00 – 4:00PM
#1- $579,000. Fantastic 1BD w/patio & bay vus! A+ location!
#2- $699,000. Spacious VU 1BD CONDO! Bay & Bridge vus! High ceilings! Walk out terrace!
Monica Pauli 902-9502
www.monicaslist.com

New Listings | Week ending 12/31

14 15th Ave., San Francisco | $1,400,000
MLS#364508
| Multi-Family | Map
Lake
Nice set of flats in Lake District. Both units offer 2 bedroom, split bathroom, eat-in kitchen, formal dining room and living room with fireplace. Upper unit has ocean views and skylights. Lower units has a tiled patio off the kitchen. There is a 3 car ga more.
Nick Johnson
DRE# 01419663

655 Spruce St., San Francisco | $975,000
MLS#364528
2 bedroom, 1 bath | Single Family Residence | Map
Jordan Park
Laurel Heights/Jordan Park Marina-style home needing TLC. Living room with fireplace, formal dining room, 2 bedrooms, 1 bath on main floor, plus 2 rooms/1 bath down. Large lot/yard. 1 car parking in garage. Great location, close to Laurel Village shops more.
Chris Papadakos
DRE# 00935627

Upcoming Open Homes

OPEN: 1/03/2010 2:00 PM to 4:00 PM
14 15th Ave., San Francisco | $1,400,000
MLS#364508
| Multi-Family | Map
Lake
Nice set of flats in Lake District. Both units offer 2 bedroom, split bathroom, eat-in kitchen, formal dining room and living room with fireplace. Upper unit has ocean views and skylights. Lower units has a tiled patio off the kitchen. There is a 3 car ga more.
Nick Johnson
DRE# 01419663

OPEN: 1/03/2010 2:00 PM to 4:00 PM
655 Spruce St., San Francisco | $975,000
MLS#364528
2 bedroom, 1 bath | Single Family Residence | Map
Jordan Park
Laurel Heights/Jordan Park Marina-style home needing TLC. Living room with fireplace, formal dining room, 2 bedrooms, 1 bath on main floor, plus 2 rooms/1 bath down. Large lot/yard. 1 car parking in garage. Great location, close to Laurel Village shops more.
Chris Papadakos
DRE# 00935627

OPEN: 1/03/2010 2:00 PM to 4:00 PM
866 Capp St., San Francisco | $949,000
MLS#364132
| Multi-Family | Map
Inner Mission
OPEN Sunday 2:00- 4:00 PM Contingent Sale Contract – Subject to 72 Hour Release Clause. Complete Disclosure Package Available upon request! 3 Full Floor Flats. Great potential and lots of possibilities for investor or owner/occupant. Top unit is a 3br/1 more.
Nick Johnson
DRE# 01419663

OPEN: 1/03/2010 2:00 PM to 4:00 PM
954 Broadway, San Francisco | $849,000
MLS#361541
2 bedroom, 2 bath | Condo / Townhome | Map
Nob Hill
Reduced!!! Nob Hill gorgeous remodeled 2 BR, 2BA. Spacious Combo Living & Dining room with view of Bay bridge, Coit Tower, Transamerica. New open kitchen, laundry room. Addition apprx.350sqft deed storage in the basement was convert to 1BR, 1BA used as of more.
David Huynh
DRE# 00863876

OPEN: 1/03/2010 2:00 PM to 4:00 PM
896 Hillside Blvd., Daly City | $830,000
MLS#363778
4 bedroom, 2.5 bath | Single Family Residence | Map
Original Daly City
2009 Brand New 3 Story Detached Home. 4 bedrooms and 2.5 baths. Huge living w/ fireplace and dining room combo. Kitchen w/ stainless steel appliances. Recessed lighting throughout. Luxury master suite has a walk-out balcony. Master bathroom with Jacuzzi more.
Nancy Jen
DRE# 01041366

OPEN: 1/03/2010 2:00 PM to 4:00 PM
564 San Jose Ave., San Francisco | $599,000
MLS#361797
2 bedroom, 2 bath | Condo / Townhome | Map
Inner Mission
Renovated 2 bedroom 2 bath lower unit of a 2-unit flat. Brand new kitcken and bathrooms. Separate water and utility meters. 1 car parking. Best location to all conveniences. Close to Saint Luke Hospital. Seller may consider carry the first loan. Seller re more.
Nancy Lee
DRE# 00599826

OPEN: 1/03/2010 1:00 PM to 4:00 PM
728 Le Conte Ave., Unit Upper, San Francisco | $284,900
MLS#364464
3 bedroom, 2 bath | Condo / Townhome | Map
Bayview Heights
Very bright, open and spacious contemporary unit with view from living room and dining area & attached deck, located on a quiet cul-de-sac in an up and coming neighborhood about the new 3rd Street line. LR w/fireplace, dining area, roomy kitchen with gran more.
Stephanie Klekas
DRE# 00838794

Sales of newly built, single-family homes declined 11.3 percent in November to a seasonally adjusted annual rate of 355,000 units, according to a report released WHEN? by the U.S. Commerce Dept.

“Sales of new single-family homes declined in three out of four regions in November, with only the Midwest posting a gain, of 21.4 percent. Declines of 3.3 percent, 21.1 percent, and 9.2 percent were recorded in the Northeast, South and West, respectively.The number of newly built homes on the market continued to decline in November, falling 2.1 percent to 235,000 units. This marked a 7.9-month supply at the current sales pace, according to the report.

National bank and thrift servicers implemented more than 680,000 home loan modifications and payment plans in the third quarter of 2009, a 69 percent increase compared with the second quarter, according to a report released by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS).

The percentage of current and performing mortgages declined for the sixth consecutive quarter to 87 percent of the servicing portfolio, serious delinquencies rose to 6.2 percent, and foreclosures in process surpassed 1 million mortgages, according to the report.  Serious delinquencies at the end of the third quarter increased to 3.6 percent of prime mortgages, an increase of 20 percent from the previous quarter and more than double a year ago.

Other findings from the report included:

• More than half of all modified loans re-defaulted within six months of modification, with re-default defined as 60 or more days delinquent or in foreclosure.
• Servicers implemented nearly 274,000 trial plans under the administration’s “Home Affordable Modification Program” (HAMP) during the third quarter. 
• Servicers implemented nearly twice as many home retention actions as new foreclosures.
• More than 80 percent of the loan modifications in the third quarter reduced monthly principal and interest payments.

A report conducted by First American CoreLogic found there was a 1.7-million-unit pending supply of residential housing inventory, an increase from 1.1 million a year earlier.  Pending supply, sometimes referred to as “shadow” inventory, estimates real estate owned (REO) by banks and mortgage companies, as well as real estate that is at least 90 days delinquent.  Generally, shadow inventory is not included in measures of unsold inventory.  At the current sales rate, the pending supply is 3.3 months, a rise from 2.4 months a year ago, according to the report.  The months’ supply measures how quickly the inventory will deplete given the current sales rate.

The Consumer Confidence Index rose in December to 52.9 (1985=100) compared with 50.6 in November, the Conference Board reported yesterday. The Present Situation Index declined to 18.8 in December from 21.2 in November, and the Expectations Index increased to 75.6 from 70.3 last month, according to the report.

“Consumer confidence posted yet another moderate gain in December as expectations for the short-term future increased to the highest level in two years,” said Lynn Franco, director of The Conference Board Consumer Research Center.  “The Present Situation Index, however, continued to lose ground and remains at a 26-year low.  A more optimistic outlook for business and labor market conditions was the driving force behind the increase in the Expectations Index.”

Consumers’ assessment of current conditions declined in December, with those claiming business conditions are “bad” increasing to 46.6 percent in December from 44.5 percent in November, while those claiming conditions are “good” decreased to 7 percent in December compared with 8.1 percent in November. Consumers’ appraisal of the job market also was mixed, and their short-term outlook improved slightly, according to the report.

The annual rate of home-price decline improved in October in the 10-City and 20-City Composites tracked as one of the S&P/Case-Shiller Home Price Indices released yesterday.  The 10-City and 20-City Composites declined 6.4 percent and 7.3 percent, respectively, in October compared with the same month last year.  All 20 metro areas and both composites showed an improvement in the annual rates of decline in October compared with September.

“The turn-around in home prices seen in the spring and summer has faded, with only seven of the 20 cities seeing month-to-month gains, although all 20 continue to show improvements on a year-over-year basis,” said David M. Blitzer, chairman of the Index Committee at Standard & Poor’s. “Following a series of solid gains, these data are likely to spark worries that home prices are about to take a second dip.  Before jumping to conclusions, recognize that the one time that happened at the beginning of the 1980s, Fed policy saw dramatic reversals, which is very different from the stable and consistent Fed policy we have today.”

From AmericanTowns.com

Foster Weeks publishes a weekly mortgage report which is updated every Monday morning. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Mr. Weeks says about last week’s activity:

No report for this week or next. See you next year.

- Foster Weeks