As you have probably noticed, I have not been active on this blog in quite some time, but it’s not because I haven’t been hard at work. For the past 4 months, I have been busy designing and running the remodel of a condo in San Francisco, as well as working on a company I founded a few years ago.
In 2005, I began my own clothing line, Nantucket Brand. Originally, I worked on the company along with my job as a realtor in whatever spare time I had. However, things have progressed very well with the company and I am now working full-time on Nantucket Brand. My parents and brother Stephen have become partial owners and my brother Dustin is a manager at our retail store on Main Street on Nantucket Island, Massachusetts.
I have moved back to Nantucket for the summer months. It’s exciting for me to get to spend my summer in the place I grew up, work with my family, and see how far Nantucket Brand has come since I started it.
Although I will be heading back to San Francisco after the summer, I have not yet decided if I’ll go back to work as a realtor. There’s still a long way to go and much work to be done with Nantucket Brand before meeting the goals of the company. I’ll post here if I do go back to work in the real estate industry. For now, I’d appreciate it if you’d visit the Nantucket Brand website. There’s news about the company, a YouTube clip of me being interviewed (along with a fashion show), pictures of the retail store, and of course, an online store. I encourage you to spread the word and send me any feedback you may have. And, as a bonus to those who read my real estate blog, please use the coupon “mauryproperties” to receive 20% off your purchase.

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I got an email from The Potrero today with an update on the construction status. The email said that the scaffolding will be coming down on the north building in the next few weeks. It’ll be nice to get a look at the actual exterior at that point rather than just relying on the rendered shots, like the one above.
The Potrero has been selling for about a month now and has units ranging from studios to 3 bedrooms. Floorplans for the units were added to their site about a month ago. I’ve been out the sales center and would be happy to help answer any questions you may have about this development or any others.
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The Chronicle had a frontpage story on Tuesday about the re-development plan for Candlestick Point, which includes a new Niners’ stadium, parking, housing, office space, and retail space. The plan also calls for no money from the city. As, SFist says, that is the same way it’s been done in Mission Bay and Treasure Island. The SFist post gives a good, quick summary of the pros and cons of the plan.
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The 24th floor penthouse condo at the Ritz-Carlton Residence Tower was reported as “Pending” on the MLS today. The 3 bed, 3.5 bath, 3400 square foot unit was listed at $5,420,000, which would put it at $1594/sq ft. HOA dues on the unit are listed at $2800.00 per month.
No word on the final selling price yet, and unfortunately, since the building won’t be completed until this fall, there are no pictures of the unit. According to the listing, escrows will begin to close in November.
The Ritz has been selling full-ownership condos in the Residence portion of the building and fractional interest shares in the “Club” section of the building at 690 Market. The fractional interest shares start at just 1/12th ownerships - $212,000 for a 1 bedroom, $268,000 for a 2 bedroom and can be used in any way you like during the year. It you spend a month or two in the city, it seems like a good alternative to spending the money on hotel rooms.
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I just upgraded the site to Wordpress 2.1.2. Please let me know if you come across anything that doesn’t look like it is working correctly.
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Compared to last week, activity is down in general this week. There was a jump in the number of new listings in District 9, which came mostly from the South of Market sub-district. Eight of the 16 new listings in SOMA came from 2 buildings with 4 each at 767 Bryant St and The Palms (555 4th St).
As a note, these tables show data pulled from the San Francisco MLS. The numbers represent weekly activity ending each Sunday for the condo/TIC market for the entire city, District 9, South Beach, South of Market, Mission Bay, and Central Waterfront. Numbers for previous weeks can be seen here.
| San Francisco |
| Mar 04 |
Mar 11 |
Mar 18 |
Mar 25 |
| New Listings |
106 |
96 |
101 |
91 |
| Price Increases |
1 |
5 |
9 |
2 |
| Price Decreases |
30 |
32 |
32 |
24 |
| Sold Listings |
59 |
92 |
75 |
70 |
| Pendings/Contigent |
141 |
164 |
131 |
129 |
| Withdrawn/Expired |
42 |
21 |
24 |
20 |
| Total Active |
712 |
708 |
724 |
728 |
|
|
|
|
|
| District 9 |
|
|
|
|
| Mar 04 |
Mar 11 |
Mar 18 |
Mar 25 |
| New Listings |
37 |
31 |
34 |
27 |
| Price Increases |
0 |
3 |
1 |
0 |
| Price Decreases |
14 |
11 |
14 |
9 |
| Sold Listings |
20 |
35 |
24 |
13 |
| Pendings/Contigent |
30 |
40 |
45 |
28 |
| Withdrawn/Expired |
21 |
2 |
8 |
8 |
| Total Active |
201 |
208 |
213 |
222 |
|
|
|
|
|
| South Beach |
|
|
|
|
| Mar 04 |
Mar 11 |
Mar 18 |
Mar 25 |
| New Listings |
5 |
6 |
3 |
4 |
| Price Increases |
0 |
0 |
0 |
0 |
| Price Decreases |
3 |
4 |
4 |
3 |
| Sold Listings |
8 |
12 |
5 |
4 |
| Pendings/Contigent |
5 |
3 |
9 |
6 |
| Withdrawn/Expired |
5 |
0 |
0 |
2 |
| Total Active |
52 |
56 |
55 |
57 |
|
|
|
|
|
| SOMA |
|
|
|
|
| Mar 04 |
Mar 11 |
Mar 18 |
Mar 25 |
| New Listings |
13 |
14 |
7 |
16 |
| Price Increases |
0 |
0 |
0 |
0 |
| Price Decreases |
2 |
5 |
2 |
5 |
| Sold Listings |
7 |
7 |
9 |
5 |
| Pendings/Contigent |
12 |
16 |
17 |
11 |
| Withdrawn/Expired |
7 |
0 |
6 |
2 |
| Total Active |
55 |
60 |
53 |
66 |
|
|
|
|
|
| Mission Bay |
|
|
|
|
| Mar 04 |
Mar 11 |
Mar 18 |
Mar 25 |
| New Listings |
9 |
3 |
11 |
2 |
| Price Increases |
0 |
0 |
1 |
0 |
| Price Decreases |
2 |
1 |
3 |
0 |
| Sold Listings |
2 |
4 |
0 |
0 |
| Pendings/Contigent |
7 |
5 |
6 |
6 |
| Withdrawn/Expired |
6 |
1 |
1 |
2 |
| Total Active |
36 |
33 |
39 |
34 |
|
|
|
|
|
| C. Waterfront |
|
|
|
|
| Mar 04 |
Mar 11 |
Mar 18 |
Mar 25 |
| New Listings |
2 |
0 |
1 |
0 |
| Price Increases |
0 |
1 |
0 |
0 |
| Price Decreases |
0 |
0 |
0 |
0 |
| Sold Listings |
0 |
1 |
1 |
0 |
| Pendings/Contigent |
0 |
2 |
1 |
0 |
| Withdrawn/Expired |
0 |
0 |
0 |
0 |
| Total Active |
4 |
2 |
2 |
2 |
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Yesterday, I posted that I would be contributing $1 per comment or trackback up until April 16th to the Michael J. Fox Foundation for Parkinson’s research. I have posted about this on my ActiveRain blog, and have begun to receive a good response. However, it’s still not enough.
I’d like to encourage my readers both to comment on this blog and donate just $1 on their own to my friend Megan’s campaign. She’ll be running the Boston Marathon and has a goal of raising $10,000 in honor of her grandfather. Read her page for more information, and otherwise please continue to spread the word about this campaign.
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I have mentioned before how the San Francisco market has been getting hotter as of late. There have been others saying the same thing as well.
Anyway, I was just looking over this week’s Market Update Reports, and noticed the 90-day average for the days on market for the 94103, 94105, and 94107 zip codes have all been trending downwards over the last couple of months. Only the 94103 zip shows any signs of that changing any time soon. In fact, in the 94107 and 94105 zips, half the properties have been on the market for less than 35 days and 21 days respectively.
Take a look at these three charts:
94103

94105

94107

If you’d like to receive emails with links to the full market update reports each week, just sign up. I won’t use your address for anything else. To download this week’s 94103 report, click here(363kb, PDF).
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I get way too many spam comments on my blog - hundreds every day. Unfortunately, I don’t get nearly as many real comments as I’d like. In an attempt to change this, for the next few weeks I’ll be offering $1 for per comment …as a donation.
The other day, I got an email from a friend who will be running the Boston Marathon this April. She works for the Michael J. Fox Foundation for Parkinson’s Research and will be running the marathon in honor of her grandfather. She is well on her way to her goal of raising $10,000 for the foundation (and it actually appears that she has surpassed it due to a matching donation). However, I’d still like to contribute to her goal.
For my contribution, I will be donating $1 for every comment or trackback left on this post - or any other post on my blog - for the next few weeks. (The marathon is on April 16th.) I also encourage others to make their own contribution, which can be done online at this website.
I am hoping this ends up being a decent contribution. Please feel free to link to this post. Go ahead and start commenting.
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