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Luba Muzichenko San Francisco Real Estate

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Archives for May 2008

April 2008 San Francisco Home Sales Data is Here!

May 20, 2008 By Luba

The latest market report is here. (You can also view previous market updates by selecting the archives on the upper right portion of the screen).
A snapshot of what’s in store for your eyes:

Sales & Prices Continue Rising in April

Trends at a Glance
(Single-family Homes)
  Apr 08 Mar 08 Apr 07
Home Sales: 181 147 191
Median Price: $933,500 $895,000 $913,000
Average Price: $1,207,183 $1,194,232 $1,142,472
Sale/List Price Ratio: 103.8% 101.7% 106.4%
Days on Market: 40 43 35

Both single-family, re-sale homes and condo sales rose in April, as is to be expected this time of year. The sale of single-family, re-sales homes gained 23.1% from March, a 5.2% decline year-over-year. Sales of condos and lofts rose 17.5% month-over-month, but were down 22.1% compared to last April.

The median price for single-family, re-sale homes rose 4.3% from March, and, it was up 2.2% year-over-year. The average price rose 1.1%, and, it was up 5.7% compared to last April.

The median price for condos in San Francisco fell 1.4% to $755,000 from March, but, was up 4.5% year-over-year. The average price for condos gained 0.3% to $917,238, a new record high, for the second month in a row.  The average price was up 10.5% year-over-year.

Condo sales gained 17.5% month-over-month, down 22.1% year-over-year.

Filed Under: San Francisco Real Estate Fast Facts, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers, San Francisco Real Estate Market Conditions Tagged With: San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Real Estate Sales Statistics, San Francisco Realtor Blog, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Realtor Blog

Open Shutter to the Past: San Francisco in Pictures – Bay to Breakers (1965)

May 16, 2008 By Luba

Welcome back to Photo Friday – my little way of taking a break from San Francisco Real Estate and instead blogging about our great City’s past instead. All photos are published with permission from the San Francisco History Center and San Francisco Public Library.

Most of you know that the San Francisco Bay to Breakers is an annual tradition here in the City.  But what lots of you may not know is that the Bay to Breakers is the longest consecutively running footrace in the world.  The race was started in 1912 to try to cheer the City up after the destruction that 1906 brought upon us. 

While the race sees it’s share of serious athletes that actually run the 7.46 mile route, a majority of the participants take the race a little more leisurely, and the contest becomes less about who can get their the fastest, but rather who can look the best getting there, who can show the most skin on the way, or in some cases – who can get hammered the fastest.  And let’s not forget the big blowout party at the end of the whole thing. 

But long before the race became a costume contest, it was, well – a race!  Today’s photo had the newscaption:

OFF THEIR COURSE? Well, slightly perhaps, but to distance runners – and especially those in training for News Call Bulletin-sponsored Bay to Breakers Race, scheduled for Sunday, May 23 – know well enough grinding out the miles on the hills is the kind of practice necessary. With the University of San Francisco fielding a track team for the first time this year, Coach John Fry has entered John Sweet, left, and Rich League, both experienced distance runners, in the 55th annual Bay to Breakers, 7.6-mile run.

Oddly enough, even though I’ve lived in the City since I was two years old, I’ve never participated in the Bay to Breakers.  And I won’t be participating this year either – I’ll be taking a few days off to relax in beautiful Lake Tahoe!  But, since I plan on being in San Francisco for ever and ever, I’ll have plenty more opportunities to join in the festivities.

If you are participating in the race, make sure you stay good and hydrated and don’t forget the slather on a little extra sunscreen – this weekend is gonna be a scorcher! 

And since I’ll be in Lake Tahoe, I’ll be unplugging, and that means no blog posts for a few days.  But don’t worry, I’ll be back early next week. 

Happy Friday and have a great weekend!

Filed Under: Misc Musings from Your San Francisco Realtor, San Francisco Historical Photos, San Francisco History Tagged With: San Francisco History, San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Photos, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Real Estate Statistics, San Francisco Realtor Blog, SF History, SF Home Blog, SF Home Evaluation, SF Photos, SF Real Estate, SF Real Estate Blog, SF Real Estate Statistics, SF Realtor Blog

How to Buy Foreclosed Homes In San Francisco

May 15, 2008 By Luba

So you want to take advantage of the whole mortgage meltdown that’s been going on.  Who can blame you?  You want a deal!  Deals are good!  We all like saving money. 
But buying property during the foreclosure process is challenging.  Ask most people that have seen both good and bad real estate market and everything in between and they’ll tell you that buying foreclosures takes nerves of steel, an acceptance that there is risk involved and a strong stomach.  And of course, it takes being knowledgable about the foreclosure process.
Now I’m willing to give you a little lesson, but people teach entire multi-day seminars on foreclosures and the foreclosure process – so my little blog post here isn’t going to go too far in the way of your foreclosure education, but it should give you enough information to decide if your stomach is strong enough to attempt purchasing a property in some stage of foreclosure. 
So read on to learn about the various stages of the foreclosure process and the potential pitfalls of each. 

Short Sale – A short sale occurs when a property owner is upside down on their mortgage (they owe more than their home is worth) AND they can no longer afford the mortgage payments.  ,

Some lenders, rather than foreclose on a property are willing to settle for less than they are owed.  They aren’t really being kind or generous – it’s just that banks aren’t in the business of buying and selling real estate, but rather, buying and selling money.  They have no desire to keep homes in their portfolios, and in most cases, lenders would rather settle for a portion of what is owed to them and forget the whole thing ever happened.

The Short Sale purchase process starts rather simply.  You see a property that you like, you make an offer on it, and the seller accepts the offer.  Well – you still have another major hurdle to jump through.  The offer now must be submitted to the lender, or in some cases lenders, and this is where the meditation class you took in college pays off. 

Once the lender receives your offer, they rarely accept it right away.  Typically it takes weeks for them to approve it (or reject it) and I’ve even heard of it taking months!  During this time, the lender is reviewing the seller’s hardship package, they are reviewing your offer, and they are waiting, hoping and praying that another offer better than yours will come in.  Of course, you can add deadlines and such to your offer, but the reality is that the bank will decide only when it’s good and ready. 

Now, if the bank accepts your offer, then it’s pretty much like any other sale.  Unless of course, the seller had a 1st loan and a second loan that they can’t afford to pay off.  In this case, things get rather complicated rather quickly, because now you have two separate banks that have to agree to forgive part or all the seller’s debt rather than foreclosing on the property.  

Sale Day (Courthouse Auction) – Let’s assume the bank rejected the short sale.  Instead, they opted to file a notice of default followed by a notice of sale which led up to the Sale Day, where we are now.   Sale Day occurs on the courthouse steps in the county where the trust deed was recorded.  You can find out in advance which properties will be auctioned off on which day by looking in the local newspaper, going to the local courthouse, or contacting a REALTOR familiar with foreclosures.

The first thing to keep in mind is that your credit is no good on Sale Day.  In fact, if you don’t have the money, either in cold hard cash, or in the form of a cashier’s check, you have no hope of winning the property on Sale Day. 

In addition to the ALL CASH policy, you don’t have the opportunity to do any inspections, you don’t get title insurance, you don’t have disclosures from the lender, you don’t have crap.  You may as well be throwing the dice.  Why am I being so dramatic?  Well – your property might come with LIENS ALREADY AGAINST IT – including various unpaid utilities or mechanic’s liens.  If you buy the property, the liens come with it and it’s YOUR duty as the property owner to take care of them.

What about the price, you ask?  Well – the lender is going to want to make back what they were owed by the former homeowner – so the starting bid will likely be the amount of the first note.  Once again, you can get this information from a REALTOR.

Sale Day is frankly kinda scary.  You might walk away with a ridiculous bargain, but you might walk away with a HUGE liability on your hands.

REO (Real Estate Owned) – So Sale Day often comes and goes with no offers on the courthouse steps.  The bank is left with the property on their books – and as I’ve mentioned before, banks aren’t in the business of buying and selling real esate, so they want to get these properties off of their books rather quickly. 

Now this is the time to find bargains!  Banks usually unload these properties at a significant discount because they don’t want to hold on to them.  The bank’s representatives usually respond to the offers rather quickly, and while you’re unlikely to find a property in pristine condition (former owners often take anything of value in the house from appliances to lightbulbs and doorknobs), you are likely to find a damn good deal.

But as with all things, there is a catch – you need to be ready to hustle!  You have to move fast to grab one of these deals and you won’t have time to think long before you make an offer.  However, if your offer is accepted, you often have the ability to do inspections (although in a competitive situation, you may not have that opportunity either.)  Again, you should be working with a savvy REALTOR to make sure you don’t miss out on one of these deals.

I hope you found today’s foreclosure lesson helpful.  If you want more information about Short Sales, Courthouse Auctions or REO’s, contact me.  I’m always happy to help! 🙂

Filed Under: San Francisco Local Resources, San Francisco Mortgage & Financing Info, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers, San Francisco Real Estate Market Conditions Tagged With: Buy San Francisco Foreclosure, Buy SF Foreclosure, San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Real Estate Sales Statistics, San Francisco Realtor Blog, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Real Estate Sales Statistics, SF Realtor Blog

Google Your Way to Your New San Francisco Home

May 14, 2008 By Luba

I can’t believe that I didn’t catch this one on my own – I’m looking at Google Maps everyday for one thing or another.  But it HAS been HOT!  And the heat must have made my brain melt just a wee bit. 
Luckily SF Citizen is on the lookout!  While I was trying to guess just how hot it was going to be in the rest of the City (at my house on Great Highway, it was about 10 degrees cooler than it was in the rest of the City all day long!), SF Citizen was already reporting that Google is now showing San Francisco real estate listings on its map feature!
SF Citizen reports that Google says:

Google Maps is evolving from a driving directions and business search tool, to a comprehensive representation of all the world’s information, on a map.” That’s why Google Maps started to integrate different layers of information when you search for an address and it added a new “More” button to enable layers for photos and Wikipedia articles.

While it ain’t no MLS Property Search, it’s a start.  I’m guessing that soon enough, Google will figure out a way to make the search even more comprehensive. 
Thanks to SF Citizen for being on the ball while some of us were lacking focus due to the current heat wave.  And if you were melting just like me, grab yourself a hunk of ice to cool yourself down, because Thursday is supposed to get ever hotter!
Stay cool San Francisco, stay cool! 😉

Filed Under: Misc Musings from Your San Francisco Realtor, San Francisco Local Resources, San Francisco News and Events Tagged With: Buyers Market, San Francisco Home Blog, San Francisco Home Evaluation, San Francisco MLS, San Francisco Property Search, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Real Estate Sales Statistics, San Francisco Realtor Blog, Sellers Market, SF Home Blog, SF Home Evaluation, SF MLS, SF Property Search, SF Real Estate, SF Real Estate Blog, SF Real Estate Sales Statistics, SF Realtor Blog

San Francisco Real Estate Fast Facts: Single Family Home Sales April 2007 vs. April 2008

May 13, 2008 By Luba

San Francisco Association of Realtors District Map

Here’s the latest Fast Facts update from the SFAR. Updates are provided almost weekly and each week is a different sector of the market (ie. Condos, Single Family Homes, 2-4 unit dwellings, etc.).

Check back next week for more statistics.

Fast Facts    
     
Single Family Homes

 

 

 

 

District 1

April 2007

April 2008

Number of Sales

19

22

Median Selling Price

1,160,000

1,267,500

Average DOM

28

44

 

 

District 2

April 2007

April 2008

Number of Sales

36

36

Median Selling Price

810,000

785,500

Average DOM

30

30

 

 

District 3

April 2007

April 2008

Number of Sales

14

10

Median Selling Price

730,000

643,000

Average DOM

43

52

 

 

District 4

April 2007

April 2008

Number of Sales

27

27

Median Selling Price

1,250,000

987,000

Average DOM

38

33

 

 

District 5

April 2007

April 2008

Number of Sales

32

37

Median Selling Price

1,301,000

1,446,000

Average DOM

24

33

 

 

District 6

April 2007

April 2008

Number of Sales

2

0

Median Selling Price

1,217,500

 

Average DOM

19

 

 

 

District 7

April 2007

April 2008

Number of Sales

6

16

Median Selling Price

3,860,000

3,102,500

Average DOM

21

16

 

 

District 8

April 2007

April 2008

Number of Sales

2

0

Median Selling Price

4,075,000

 

Average DOM

18

 

 

 

District 9

April 2007

April 2008

Number of Sales

28

9

Median Selling Price

911,500

860,000

Average DOM

31

28

 

 

District 10

April 2007

April 2008

Number of Sales

41

38

Median Selling Price

710,000

575,250

Average DOM

56

66

 

 

District 11

April 2007

April 2008

Number of Sales

13

33

Median Selling Price

700,000

572,000

Average DOM

34

67

Filed Under: San Francisco Real Estate Blog Reader Asks, San Francisco Real Estate Fast Facts, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers, San Francisco Real Estate Market Conditions Tagged With: Buyers Market, San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Real Estate Sales Statistics, San Francisco Realtor Blog, Sellers Market, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Real Estate Sales Statistics, SF Realtor Blog

What's Hot in "Green?"

May 13, 2008 By Luba

green-grass.jpg

Occasionally, I like to invite a guest blogger to share some insights about their field of expertise. Sometimes it’s about San Francisco real estate, and sometimes, it’s just about stuff that San Franciscans care about. Today’s guest blogger is Chris Connors of San Francisco’s Design Solutions, a team of Certified Green Building Professionals. He’s been kind enough to post here before in “How to Save Money by Remodeling Green” and “How to Keep it Green Underfoot”. But this time, well be discussing what’s in demand in the world of green building. Read on for Chris’s commentary about “Greening” your remodel.

Knock on wood (sustainable wood of course) that even with the current economic woes, being a green remodeler in SF is a good thing these days.   According the latest Remodeling Cost Vs Value Report, you can currently recoup 100% of your costs if you do a remodel of your kitchen, bathroom, basement as well as a deck addition and replacement of windows. 
 
And while greening your remodel may not increase your return on your investment (at least not yet), more and more people are asking that we “green their remodel” anyway.  
Here’s a list of what people are either asking for or what we are recommending:
 
Green Cabinets – Since most of our projects include a kitchen and/or bathroom, most of our clients have cabinets at or near the top of their list.  Bamboo is a popular choice but also a risky one due to the temptation to harvest the trees before they are mature enough which can lead to an inferior product.  Ask for FSC-certified bamboo now that is available.
 
Green Windows - Also referred to as “Low-E” windows, they have special glazing for using sunlight were it is needed (free heat and natural light) and deflecting the sun’s power when it’s not needed as well as glazing to minimize heat loss.  Specifying which window to use in which part of your house or building is called Passive Solar Design.  Most of the leading window manufacturers now offer a green window option.
 
Lighting – 50% of your lighting in your kitchen and bathroom must be energy efficient as required by the state’s Title 24 code.  We have been installing LED light strips under cabinets and LED light trim kits in recessed ceiling fixtures as an alternative to fluorescent fixtures since they don’t carry mercury which is a problem when it comes time to dispose of fluorescent bulbs. LED’s are also now available in different light spectrums including a warm option which is close to incandescent. 
 
Tankless Water Heaters – Also referred to as “On Demand” water heaters, they are more expensive than traditional water heaters but last longer and in most cases, more energy efficient and save water.  They come in different sizes based on usage so make sure to order the correct one or you could run out of hot water.
I hope that some of these ideas excite you.  If you have questions about green remodels or need advice on how to go green, contact us, we’re happy to help.

Filed Under: Green Living in San Francisco, San Francisco Local Resources, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers Tagged With: San Francisco Green, San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Realtor Blog, SF Green, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Realtor Blog

The Story of Case vs. Shiller – When Two Real Estate Experts Don't See Eye to Eye

May 12, 2008 By Luba

As a disclaimer, before I start ranting in this post, I must say that I am not a fan of the Case Shiller Index.  It’s not that I disagree with their statistics, or their method of collecting data or whatnot.  In a previous post, I noted that:

 …the thing that makes me think the numbers are somewhat useless [in a market like San Francisco], is that (as Socketsite.com pointed out) the index only tracks single-family homes (not condominiums which represent half the transactions in San Francisco), is imperfect in factoring out changes in property values due to improvements versus actual market appreciation, and includes San Francisco, San Mateo, Marin, Contra Costa, and Alameda in the “San Francisco” index… which in my mind is their greatest error.

So when the two economist (that would be Karl Case and Robert Shiller) predicted gloom and doom in every real estate market across the country, including the San Francisco real estate market, I had a tough time swallowing that pill.  And indeed, while that “pill” did ring true for much of the US real estate market, cities like San Francisco, Seattle and New York held strong and weathered the storm, and proved that Case & Shiller’s predicions didn’t ring true across the board.
And every month, when their index is published, I am bombarded with questions from clients and blog readers about my opinion on what’s happening with SF real estate and where it’s headed because the Case Shiller Index shows a drastic decline in San Francisco.  I curse the day that those two guys met each other.  Their index forces me to (calmly) explain (over and over and over) that San Francisco, San Mateo, Marin, Contra Costa, and Alameda are all lumped ino the “San Francisco” data and that they don’t track SF condo sales, which make up half the market here.  (I have thought about creating a recorded message that I can just play that repeats the above facts so that I don’t have to answer questions about the index ever again.)  >:-<
In the previous post that I mentioned, I stated:

To be honest, there are too many indexes, and too many experts to keep up with all of their opinions, which by the way, are typically all contradicting each other… sometimes subtly, and sometimes much less subtly.

And to my great surprise, I found an article in the Boston Herald, where the two experts that actually developed the damn index (if you’re following along, that would be Karl Case and Robert Shiller) can’t even agree on the state of the market!  HA!
The article was titled “Real estate market ready for a rebound” and went on to talk about Karl Case’s opinion that the real estate market has hit bottom and that now is a good time to buy. 
Meanwhile, Karl’s buddy Robert Shiller has predicted that “the decline in home values would exceed that of the Great Depression.” 
Now, I ask you, when two of the country’s most respected “experts” on the state of the real estate market can’t agree on the state of the real estate market, who can you turn to?
Well, for starters you can turn to your Realtor.  Your real estate agent has access to cold hard facts that you can then interpret together.  Some cold hard facts as of today for the San Francisco real estate market are that sales volume is MUCH lower than it was last year, meanwhile, median prices (depending on neighorhood and type of home) are either stable or increasing. 
What does all this mean?  Are we at the bottom?  Are we falling?  Are we on our way up?
I can’t say.  I don’t have a crystal ball and I can’t tell you what the future holds.  But I can say what I’ve said time and time again…
If you are looking for a short term investment with guaranteed return, real estate has really never presented that.
But…
If your objective is long term there is very little support for a theory that you will lose in real estate, especially in the San Francisco real estate market.
Thanks for stopping by, and if you have questions about the state of the market, please contact me, I love to talk about SF Real Estate.
 

Filed Under: Misc Musings from Your San Francisco Realtor, San Francisco Real Estate Info for Buyers, San Francisco Real Estate Info for Sellers, San Francisco Real Estate Market Conditions Tagged With: Buyers Market, San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Realtor Blog, Sellers Market, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Realtor Blog

Weekend Blog Linkage

May 11, 2008 By Luba

Here’s the weekly collection of the internet’s greatest hits (so to speak) from the past week. Some have something to do with San Francisco Real Estate, and some don’t even come close to being SF Real Estate related. Expect these to pop up sometime during the weekend – as my time permits. Enjoy!
“Tread” Carefully [Apartment Therapy]
Another Example of a “Savage” Pit Bull (note sarcasm) [Bad Rap]
That IS Rather Hideous! [Curbed SF]
Can this Really be Safe? [Laughing Squid] 
Is that a Mini-City Driving Down The Street? [What I’m Seeing dot com]

Filed Under: Uncategorized Tagged With: San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Realtor, San Francisco Realtor Blog, San Francisco Rents, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Realtor, SF Realtor Blog, SF Rents

Free Canvas Grocery Bags for Luba's SF Real Estate Blog Readers

May 10, 2008 By Luba

plastic-bag-in-tree.jpg
A while ago I noted that San Francisco had put a ban on plastic grocery bags. Since then, many cities have followed suit, or at least have contemplated following suit.
The problem is that stores aren’t using the biodegradable starch based bags and instead are using paper bags – a big problem for tree lovers and trees alike. The problem is that while a paper bag won’t sit in landfill for thousands of years like a plastic bag will, it actually takes more energy to make a paper bag than a plastic bag.
My suggestion, although probably controversial, is stop selling paper bags too.
Stores can then charge anywhere from $0.10 to $0.25 a bag for the starch based bags. People will learn that you either need to pay up or bring your own bag. And stores can stop bitching that the starch based bags are too expensive and cut into their profits.
In Europe, everywhere I went I wasn’t handed a bag unless I asked for it, and paid for it. And no one complained.
My suggestion – bring your own grocery bags to the store with you.
What? You say you don’t have any reusable grocery bags? Give me a holler – I’ll hook you up with a free canvas grocery bag while I’ve got ’em.

I apologize, but I am no longer shipping the bags outside of the San Francisco Bay Area. (I actually no longer ship the bags – I either drop them off locally, or leave them at my office for people to pick up.)

The bags are to help people “go green” but the amount of energy it takes to ship something as small as a canvas bag across the country is very wasteful, as is the packaging required to ship it.

I hope you understand and I apologize for any inconvenience.

Filed Under: Green Living in San Francisco, Misc Musings from Your San Francisco Realtor, San Francisco Local Resources, San Francisco News and Events Tagged With: San Francisco Green, San Francisco Home Blog, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Realtor Blog, SF Green, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Realtor Blog

Open Shutter to the Past: San Francisco in Pictures – Golden Gate Bridge Toll (1955)

May 9, 2008 By Luba

Welcome back to Photo Friday – my little way of taking a break from San Francisco Real Estate and instead blogging about our great City’s past instead. All photos are published with permission from the San Francisco History Center and San Francisco Public Library.

So I have been keeping up with the news about the Golden Gate Bridge toll increases, and thought I’d see if I could find some fun photos of the Golden Gate Bridge. 

Lo and behold – I found a photo of from September of 1955 when the toll was actually decreased to $0.25!

The newscopy read:

“HERE’S GOOD NEWS FOR MOTORISTS–Gale Bei points to new toll which goes into effect on the Golden Gate bridge at 11 o’clock tonight.”

When the bridge first opened for transit in 1937, toll was 50 cents each way, $1 roundtrip, with a 5 cent charge if more than three passengers.  Over the next several years, toll slowly decreased until it had dropped to a mere $0.25 in each direction! 

Remarkably, that low toll was in place for 13 years until the policy was changed to $0.50, but that was just Southbound (like it is today).  It remained at that low price for another 6 years, until 1974 when toll started to creep upward ever faster. 

Today – the Golden Gate Bridge, Highway and Transportation District is moving towards a plan that will (they say) decrease traffic during peak times and encourage people to either go to work earlier or later, or to take public transportation. 

However, with bus fares and ferry fares not exactly being dirt cheap, I don’t forsee North Bay dwellers giving up the convenience of their vehicles to avoid paying the increase in toll and riding taking public transit instead.  (Although I can think of lots of other reasons to take public transit, especially with the reduced impact on the environment public transport can have, the high gas prices and  the fact that the ferry is just plain fun!)

For now though, frequent bridge crossers need not worry.  The increase isn’t scheduled to kick in until September 1st, so for now, you’re free to cross for the bargain price of $5. 

If you’re reading this and dreaming about the weekend – we won’t be having record breaking temperatures, but the forecast calls for sunshine and temperatures in the low to mid 60’s, which is still nice enough to back away from the computer and get outside and play! 🙂  Have a great weekend!

Filed Under: Green Living in San Francisco, Misc Musings from Your San Francisco Realtor, San Francisco Historical Photos, San Francisco History, San Francisco Local Resources, San Francisco News and Events Tagged With: GG Bridge Toll, Golden Gate Bridge Toll, San Francisco Home Blog, San Francisco Home Evaluation, San Francisco Real Estate, San Francisco Real Estate Blog, San Francisco Realtor, San Francisco Realtor Blog, San Francisco Realtor Photo Friday, SF Home Blog, SF Home Evaluation, SF Real Estate, SF Real Estate Blog, SF Realtor, SF Realtor Blog, SF Realtor Photo Friday

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