[Special Report] RBI 2010 Year End Housing Market Summary [Washington, DC Metro]

Posted by Jonathan Miller -Thursday, March 3, 2011, 3:36 PM
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Here’s a brief recap of the 2010 annual data just released by RealEstate Business Intelligence (RBI) covering the Washington, DC metro housing market.

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[Special Report] RBI Pending Home Sales Index – February 2011 [Washington, DC Metro]

Posted by Jonathan Miller -Thursday, March 10, 2011, 1:51 PM
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This podcast is an overview of the RBI Pending Home Sales Index – February 2011 covering the Washington, DC Metro area just released for RealEstate Business Intelligence (RBI), the data, research and analytics arm of MRIS.

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[Special Report] RBI Pending Home Sales Index – January 2011 [Washington, DC Metro]

Posted by Jonathan Miller -Sunday, February 13, 2011, 10:15 PM
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This podcast is an overview of the RBI Pending Home Sales Index – January 2011 covering the Washington, DC Metro area just released for RealEstate Business Intelligence (RBI), the data, research and analytics arm of MRIS.

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Real Estate Sold: Condos at The Washington Are Quickly Selling

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, April 11, 2012, by Sally Kuchar

It looks like at least four condos at The Washington (which is currently on our Where To Buy Now map) have sold since landing on the market in late March. The 26-unit building in Pacific Heights is brand new steel-frame construction. All received asking.

Unit #403 is a 1-bed, 1-bath, 830 square foot condo with monthly HOA dues of $410. It sold in late March for $779,000.

Unit #601 is a 2-bed, 2-bath, 923 square foot condo with monthly HOA dues of $429. It sold for $1,014,300.

Unit #701 is a 2-bed, 2-bath, 923 square foot condo with monthly HOA dues of $429. It sold for $1,053,500.

Unit #702 is a 2-bed, 2-bath, 985 square foot unit with monthly HOA dues o $442. It sold for $1,122,100.

We'd like to point out that all but one of these units is clocking in at over $1,000 per square foot. (Unit #403 is $931 per square.)
· Condos: Where To Buy Right Now [Curbed SF]
· 1840 Washington, #403 [Redfin]
· 1840 Washington, #601 [Redfin]
· 1840 Washington, #701 [Redfin]
· 1840 Washington, #702 [Redfin]

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On the Market: Now's Your Chance To Score a Condo At The Washington

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Monday, March 12, 2012, by Sally Kuchar The last time we checked in with the condo development happening over at 1840 Washington across from an Academy of Art building in Pacific Heights was back in May of 2010 when we reported that construction had begun on the nine-story, 26-unit residential building. Shoot forward to today and the Patri Merker Architects-designed building is finished and ready for its closeup. The unit you see above is a 2-bed, 2-bath condo. This particular one is priced at $965,000, which is similar in both layout and price to the others. If you're wondering what type of crowd The Washington is trying to attract, we'll let the listing speak for itself: "Near Yahoo, Google, Facebook, Apple and LinkedIn shuttle stops." Building highlights include a common roof terrace and that the monthly HOA dues of $435.97 include heat. 1-car parking in the garage is included.
· 1840 Washington, #404 [Redfin]
· Seven Floors of Luxury Condos Headed to Empty Pac Heights Lot [Curbed SF] 1840 Washington Street, San Francisco, CA

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Foreclosures: Washington Redskins receiver Santana Moss is...

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Tuesday, January 24, 2012, by Sarah Firshein

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Development Watch: The Embarcadero: Tennis Gone AWOL in 8 Washington Street's New Look

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, December 29, 2011, by Philip Ferrato

San Francisco Waterfront Partners has released a new look for their plans for 8 Washington Street, a contentious bit of real estate on the Embarcadero, and it does not include tennis. The Golden Gateway Club has aligned itself with the developer and will shut down the tennis courts, replacing it with a gym/health club, indoor and outdoor pools, and the flavor of the decade, a green roof. The condo towers don't seem to have changed much, but where once there were walled-off private tennis courts there will now be a public park and playground. Jackson Street will extend to the Embarcadero once again as the Jackson Street Commons, Drumm Street will be reinvented in much the same way along the pool and playground, ending in the triangular park at Broadway. It's a complicated land swap deal- Ports owns Seawall Lot 351, currently a parking lot for their Ferry Building tenants, and the Golden Gateway club property/sliver is leased from the Revelopment Agency- a legacy of a time when people played tennis in the shadow of the Embarcadero, and Jackson Street ran through what was once a produce market.

As re-programmed by Craig Hartman at SOM and landscape architect Peter Walker, the most recent proposal has 165 units of housing planned in the height-staggered towers, which will fund 33 units of offsite BMR housing. All units will get parking spaces, plus 255 public parking spaces (in part to fulfill Ports' lease obligations across the street) and 81 bicycle spaces plus along with food and retail on the Embarcadero. Does the club think there's more money in swimming and spinning classes- the only other gym on this stretch of the Embarcadero is the YMCA. Ports is behind the project, but there is the usual field of NIMBYs arrayed against it. Meanwhile, the folks (folk?) at the opposition, Friends of Golden Gateway (FOGG) ended the year on an upbeat note, going into the holidays thanking their allies and sure of prevailing over the development… and saving the tennis courts.
· 8 Washington Street/Seawall 351 Coverage [Curbed SF]
· 8 Washington Overview [SF Waterfront Partners]
· FOGG Seasons Greetings [FOGG]

[All images via SOM/PWP Landscape Architecture/San Francisco Waterfront Partners]

8 Washington Street, San Francisco, CA

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[RBI Pending Home Sales Index] Washington, D.C. Metro Area 8-2011 – Despite Natural Disasters, Seasonal Patterns

[click to open release]

Today we released the RBI Pending Home Sales Index for both Washington, D.C. and Baltimore metro area housing markets for RealEstate Business Intelligence (RBI), the research, analytics arm of MRIS, the largest MLS in the country. It is released 10 days after the close of each period (the 12th this month because of the weekend), about 3 weeks before the NAR Pending Home Sale Index and 182 days before the Case Shiller Home Price Index covering the same period.

Here’s an excerpt from the just released August 2011 RBI Pending Home Sales Index [Washington, D.C. Metro Area] report:

…The last month of summer provided an unusual amount of economic uncertainty caused by the S&P downgrade of U.S. debt after July’s raucous political debates on the debt ceiling. There was a widely held expectation that consumers would delay their home purchases until they felt more comfortable with the impact to the economy. For the Washington, D.C. metro area, there was no apparent impact on the volume of new pending sales beyond seasonal patterns. There were 4,169 contracts signed in August 2011, 8.6% less than the 4,563 contracts signed in July, consistent with the 5-year 9% average month-over-month decline and the ten year 7.5% average month-over-month decline. The monthly total was the highest number of August signed contracts in 4 years. New pending sales were 19.9% above the August 2010 level but that increase is exaggerated due to the dearth of activity in the months following the expiration of the federal homebuyers tax credit in April 2010. The median sales price for August 2011 showed a similar seasonal pattern, declining 3.8% to $356,000 from $370,000 in July 2011 but was essentially unchanged from August 2011. Median sales price has averaged a 3.6% month-over-month decline over 5 years and a 2.2% month-over-month decline over ten years…

RBI Pending Home Sales Index™ [Washington, D.C. Metro Area]

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[RBI Pending Home Sales Index] Washington, D.C. Metro Area 7-2011 – Signs of Slipping in Nation’s Housing Market

[click to open release]

Today we released the RBI Pending Home Sales Index for both Washington, D.C. and Baltimore metro area housing markets for RealEstate Business Intelligence (RBI), the research, analytics arm of MRIS, the largest MLS in the country. It is released 10 days after the close of each period, about 3 weeks before the NAR Pending Home Sale Index and 182 days before the Case Shiller Home Price Index covering the same period.

Here’s an excerpt from the just released July 2011 RBI Pending Home Sales Index [Washington, D.C. Metro Area] report:

The number of contracts signed for the month of July fell 10.9% from June, a larger decline than the 7.5% ten year average. While month-over-month contract activity tends to decline in July, the debt ceiling debate dominating media coverage for most of the month probably caused consumers to pause before making a purchase decision. Even with the hesitation, new pending sales reached their highest June total in six years. The 29.3% year-over-year July increase in pending sales activity was a result of last year’s lull in market activity in the months that followed the April 2010 contract signing deadline to qualify for the federal homebuyer tax credit. Median sales price slipped in July to $370,000, consistent with seasonal patterns after reaching a three year high of $379,990 in June. …

RBI Pending Home Sales Index™ [Washington, D.C. Metro Area]

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[REsource] Funny thing is, Case Shiller Doesn’t Reflect The Washington, DC Metro Area Housing Market

For the uninitiated I am now covering the Washington DC and Baltimore housing markets for MRIS, the largest MLS in the US and their wholly owned research analytics arm, RealEstate Business Intelligence (RBI). I periodically drop in on their blogs.

The much anticipated monthly S&P/Case Shiller Home Price Index was released today and the results are important, not because it provides an accurate description the current housing market (it doesn’t), but because it forms a foundation for consumer sentiment on the housing market…

<[click to read post]

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[RBI Pending Home Sales Index] Washington, D.C. Metro Area 4-2011 – Falls Short of March Burst

[click to open release]

I am reporting on the Washington, D.C. and Baltimore metro area housing markets in addition to our NYC metro area and Miami research – for RealEstate Business Intelligence (RBI), the research, analytics arm of MRIS, the largest MLS in the country. It is released 10 days after the close of each period, about 3 weeks before the NAR pending home sale index covering the same period.

Here’s a snippet from the just released April 2011 RBI Pending Home Sales Index [Washington, D.C. Metro Area] report:

…April buyers and sellers in the Washington, D.C. metro area signed 5,170 purchase contracts, the second highest April since 2006. The total was second only to the April 2010 surge in activity related to the final days of the federal homebuyer tax credit. Pending sales in April fell to 5,170, 4.8% short of the heavy volume reached in March, partly a result of last monthÕs release of pent-up demand accumulated during the post-tax credit expiration lull in the second half of 2010. The April 2011 median sales price was $334,000, nominally below $335,000 reached in same month last year and 4.4% above $320,000 in March. The month over month increase was consistent with seasonal patterns…

RBI Pending Home Sales Index™ [Washington, D.C. Metro Area]

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[Three Cents Worth #168 DC] Who Has The More Resilient Market: Washington Or New York?

It’s time to share my Three Cents Worth on Curbed DC, at the intersection of neighborhood and real estate in our Nation’s capitol.

…As a Manhattan real estate appraiser who grew up in the Washington, DC metro area, I thought it would be appropriate to link the two markets in my inaugural Three Cents Worth DC column for Curbed. One of the things that seems to be missing from the DC metro area housing market discussion is some historical context…

Three Cents Worth: Who Has The More Resilient Market: Washington Or New York?

[Click to expand and read full post on Curbed DC]

Curbed DC Three Cents Worth Archive
Curbed NY Three Cents Worth Archive

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Christmas Ornament Becomes Security Threat in D.C. Metro: In Washington, D.C., blinking lights in...

Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Wednesday, December 15, 2010, by Sarah

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