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The median price of a single family home in Noe Valley in 2010 was $1,221,500. The median price of a condo or TIC was substantially less, at $768,000. Total sales for the year were 233 units, divided evenly between homes … Continue reading
Real estate lore holds that if the market for single-family homes is doing badly, the condominium market will be doing worse. But what about San Francisco, which is the textbook case of a supply-constrained market with high barriers to entry? … Continue reading
Back in the still-uncertain days of September 09, every market pundit had his or her own letter for what shape the recovery would take. I blogged about Ben Bernanke‘s “U,” Liz Ann Sonders‘ “V,” and Nouriel Roubini‘s “W” here. Though … Continue reading
At long last, here’s the promised data on Noe Valley condos and TIC’s. First, a look back (in anger?) at the make-up of Noe Valley sales in 2009. Note that there were more than twice as many condos sold as … Continue reading
Pretty much everything I said about how single family homes fared in 2009 also applies to the condo/TIC market. (TIC’s, aka Tenancy In Commons are similar to condos. For more information on TICs, see my three-part series starting here.) Condo/TICs … Continue reading
Last post, we determined that the current difference between the average (annual) price of a condo and that of a TIC is $86,000, down from a high of $124,364 in 2006. (That’s a 30%+ drop, by the way.) Here’s the … Continue reading
There are weeks when I look through the new listings on the MLS (Multiple Listing Service) and it seems like there are more TICs for sale than condominiums. Turns out, this just isn’t true. Here’s a chart showing relative sales … Continue reading
Inconvenient and Ugly A tic is an involuntary and habitual muscle spasm, frequently in the face. If you live in San Francisco, a TIC is also what many people end up with when they buy a flat in one of … Continue reading
