Neighborhood plans are for East SOMA (including parts of SOMA, Mission Bay, South Beach) Mission (Inner Mission +), Showplace Square/ Portrero Hill, and Central Waterfront
Roughly 8 years ago the eastern neighborhood community planning process began in response to the growing development, construction and changes in these neighborhoods.
As a result these areas of town have been changing with residential, office and industrial use buildings over lapping. Because the concentration of residential and commercial ares are blending it is causing challenges around noise, remodeling, activity, etc. In an effort to create some organization to the development and consistency this planning initiative began. This will help keep any one type of building use from being pushed out of the area or businesses forced to close and allow for better developed neighborhoods.
The zoning changes are well underway now and owners have/will receive a notice stating their properties official zoning use. If the property use is not consistant with the legal zoning you can file for a variance.
For additional formation and updates visit the SFPlanning Department.
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Movements are underway for the new Transbay Terminal in San Francisco. This new hub for transportation is being modeled after other cities like London, Tokyo and New York. It will create a centralized place for all our transportation to merge and allow change over to the various transportation services. Caltrain will be extended underground from the 4th Street & King station to this hub. BART, MUNI and even a future high speed light rail will converge in this epicenter. Overall it will connect 8 transportation operations from 9 Bay Area Counties.
The terminal itself will have 5 levels including the Rail, concourse, ground, mezzanine, bus and a roof top park. The park will be a stretch of public open space and at the end will the a future tower of residential and commercial units (most likely). Construction is expected to last through 2018 (which means most likely longer) and will happen in phases (the last of which will most likely be the high speed light rail connecting SF to LA in 2 1/2 hours) .
The transportation is not all that goes along with this tremendous project. The neighborhood will continue to grow with new commercial businesses and residential units built up around the area. We have already seen some of the development with The Millennium Tower, The Infinity Towers and One Rincon. There will be other residential buildings slated to be constructed after the Transbay Terminal development in the respective areas.
The temporary terminal is under construction at the corner of Main and Folsom. Storage for many of the buses (particularly the ones that come from out of the city who normally go back prior to the end of the day and will now stay in the city to cut down on expenses and carbon emissions) will be stored during the day under the freeway overpass at 4th street between Harrison and Bryant.
For more informaiton and updates visit www.transbaycenter.org.
San Francisco Real Estate Market Update, Transbay Terminal Development christine dwiggins, new development, new san francisco transportation terminal, real estate, San Francisco, san francisco new development, san francisco transportation terminal, sf new development, sf transportation terminal, transbay terminal
Market Statistics for Single Family Homes, Condominiums (includes condos, loft condos, tic and stock cooperatives) and 2-4 Unit Buildings
The below statistics for a 2 year comparison of April 2007 to April of 2009 for the City of San Francisco. These numbers are averages for the sales throughout the city so please keep in mind that the numbers may be very different when looking at a more specific neighborhood. The variances may also adjust based on price point.
For a specific analysis of you property based on the details of your home/investment and the neighborhood please email me.
SFH 07 vs 09:
Median Price (sold): -21% (2007 $910,000 vs 2009 $715,000 )
Number of Units (sold): -42% (2007 207 units vs 2009 121 units)
Months Supply of Inventory: +20% ( 2007 2.5 months vs 2009 3.0)
Days on Market: +74% (2007 30 days vs 2009 52 days)
Condo (condo/loft condo/co-op/tic) 07 vs 09:
Median Price (sold): -10% ( 2007 $717,500 vs 2009 $649,000 )
Number of Units (sold): - 60% (2007 284 units vs 2009 113 units )
Months Supply of Inventory: +119% (2007 2.2 months vs 2009 4.8 months)
Days on Market: +59% (2007 36 days vs 2009 57 days)
2-4 Units 07 vs 09:
Median Price (sold): - 30% (2007 $1,360,500 vs 2009 $950,000)
Number of Units (sold): -57% ( 2007 44 units vs 2009 19 units)
Months Supply of Inventory: +88% ( 2007 3.5 months vs 2009 6.6 months)
Days on Market: +27% (2007 50 days vs 2009 64 days)
San Francisco Real Estate Market Update
Market Statistics for Single Family Homes, Condominiums (includes condos, loft condos, tic and stock cooperatives) and 2-4 Unit Buildings
The below statistics for a 2 year comparison of March 2007 to March of 2009 for the City of San Francisco. These numbers are averages for the sales throughout the city so please keep in mind that the numbers may be very different when looking at a more specific neighborhood. The variances may also adjust based on price point.
For a specific analysis of you property based on the details of your home/investment and the neighborhood please email me.
Single Family Home March 07 vs 09:
Median Price (sold): -23% (March 07 $880,000 vs March 09 $680,000 )
Number of Units (sold): -43% (March 07 205 units vs March 09 117 units)
Months Supply of Inventory: +69% ( March 07 2.2 months vs March 09 3.8 months)
Days on Market: +89% (March 07 30 days vs March 09 56 days)
Condo (condo/loft condo/co-op/tic) March 07 vs 09:
Median Price (sold): -10% ( March 07 $714,000 vs March 09 $644,000 )
Number of Units (sold): - 67% (March 07 293 units vs March 09 96 units )
Months Supply of Inventory: +159% (March 07 2.2 months vs March 09 5.6 months)
Days on Market: +88% (March 07 35 days vs March 09 67 days)
2-4 Unit Buildings March 07 vs 09:
Median Price (sold): - 24% (March 07 $1,400,000 vs March 09 $1,065,000)
Number of Units (sold): -76% ( March 07 59 units vs march of 09 14 units)
Months Supply of Inventory: +207% ( March 07 3.2 months vs March 09 10 months)
Days on Market: +141% (March 07 35 days vs March 09 84 days)
San Francisco Real Estate Market Update, Uncategorized
A new TV piolet is being filmed here in SF. It focuses on emergency responders to a tanker truck crash (reminds me of the rig that destroyed part of the east bay on ramps not so long ago) and will cut off one of the main entrances and exits to I280. The schedule effects north and south bound traffic over the next 7-10 days at various times. These will be good days to take BART! Below are the details sent out in a media alert.
MEDIA ALERT –1-280 N/B KING STREET EXP TO BE CLOSED SATURDAY MARCH 28 - WEDNESDAY APRIL 1ST (WEEKDAY MORNING COMMUTE HOURS EXCEPTED) and I-280 S/B KING STREET ENTRANCE TO BE CLOSED SUNDAY MARCH 29 from 1 PM -4 PM FOR FILMING OF TV PILOT IN SAN FRANCISCO
NORTHBOUND TRAFFIC ON I-280 WILL BE DIVERTED TO 6TH STREET due to the closure of the King Street off-ramp at Sixth Street in San Francisco on Saturday, March 28 at 5:00 AM through Sunday, March 29 until 10 p.m. and on Monday, March 30, Tuesday March 31st and Wednesday, April 1 from 10 AM - 9 PM each day leaving the exit ramp available after 9 PM - 10 AM to accommodate the weekday commute hours. Northbound traffic will be diverted onto the Sixth Street exit with detours set up to Embarcadero.
KING STREET ENTRANCE RAMP FOR SOUTHBOUND I-280 will be closed on Sunday.March 29th from 1 PM - 4 PM. Southbound traffic will be detoured from King Street to MARIPOSA STREET OR SIXTH STREET AT BRANNAN. The closures are to facilitate the filming of action sequences for the NBC Universal TV drama pilot ‘Trauma,” which features emergency responders working a tanker truck crash. The simulated freeway crash involving several cars and a tanker truck is scheduled for Saturday March 28 and will include aerial helicopter activity. The scenes to be filmed on Sunday will include an explosion with a fireball and billowing smoke. There will be aerial helicopter activity throughout the day. Throughout filming, there will also be intermittent traffic stoppages at the entrance to I-280 S/B at both 6TH Street and KING STREET whenever there
is a stunt being filmed or a helicopter landing or taking off. These brief intermittent stoppages will take place randomly during filming on the weekend and on the weekdays between 10 AM and 3 PM. The California Highway Patrol, the San Francisco Police and Fire Departments and other emergency service departments for the City of San Francisco and the State of California have been notified in advance of this permitted filming.
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The first time home buyer tax credit in President Obama’s new stimulus packages offers a good incentive for buyers. Buyers often ask me if it is a good time to buy and my response… Read more…
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