RocketSpace currently provides plug-and-play office space for 130 startups and their 600 employees at a per-person, per-month rate. It lets founders concentrate on their businesses while RocketSpace handles leases, security, bandwidth, firewalls and other office hassles. Its relationships with venture capitalists and corporate accelerators have kept at least one of its residents securing funding every week, and it runs inspiring events featuring speakers like Peter Thiel and Vinod Khosla.

CEO Duncan Logan told me in a meeting today that one of RocketSpace’s biggest problems is that due to space contraints, “we kick out companies when they get to 3o employees.” Fast-rising startups like Uber, Spotify, Kabam, and Leap Motion have all gotten the boot. It’s also receiving far more qualified applicants than it has room for. RocketSpace needed more, well, space. Meanwhile, its current real estate is literally about to get steamrolled. Tomorrow, the city of San Francisco will announce RocketSpace’s current 181 Fremont location will be demolished to make way for a new Transbay Tower transportation hub.

So after a year of searching, tomorrow RocketSpace will announce the lease of a 50,000 sq. ft. space just north of Market Street at 180 Sansome. Eventually it hopes to take over that whole tower. But RocketSpace Suites is just the start of its expansion. It’s currently looking at a 90,000 sq. ft. Bay Area space to replace the Fremont home it will have to vacate. Logan says it will be able to host 2,000 people in its combined 140,000 sq. ft. space. By the end of 2013 RocketSpace plans to have added a London space. And even though it’s completely bootstrapped, after that it’s eying Tel Aviv, Berlin, and Vancouver for additional locations.

Logan says RocketSpace aspires to become an “innovation campus” that he calls a “Stanford for startups.” He explains that “young companies are like young people. They’re a product of their environment. We can build the best possible environment for startups.” By surrounding themselves with similarly ambitious makers, Logan believes startups can be more creative and productive.

Just watch out for your neighbors poaching your engineers.

• ROCKETSPACE

Startup. Blast off.

RocketSpace is an accelerator for high-growth, seed-funded tech startups. We provide the fuel that every startup needs to accelerate: access to top talent, tier 1 venture capital, and blue-chip brands representing millions of potential customers.

Our programs are focused on creating the perfect tech startup ecosystem: speakers classes in our dedicated event space, services from the best startup service providers, and research analysis covering over 10,000 startups worldwide representing the “what’s next next” in technology.

Located in…

? Learn more

Article source: http://techcrunch.com/2013/03/28/rocketspace-suites/

According to the San Mateo Association of Realtors, in January of 2012 there were 1,172 single family homes on market in San Mateo County as compared to January of 2013 there were only 545. This shows that the market has significantly shifted from a buyers market towards a sellers market including a jump in average sales price of 20% for San Mateo County.

“For the past several months I have experienced buyers confronted with multiple offers resulting in homes selling for substantially over listing price.” says Teixeira. “I really feel that the strength of silicon valley and the increase in jobs growth and stability is what we’re seeing reflected in the boost in the mid-peninsula housing market.”

This trend is shown nationally in the SP/Case Shiller composite index’s numbers of their metropolitan survey of 20 cities that show the largest improvement in residential home prices in December since July of 2006 as well as a significant and moral boosting increase in consumer confidence.

For additional information about the Bay Area real estate or San Francisco Bay Area Peninsula real estate and relocation, call Mary Ann Teixeira at (650) 241-0318, or visit her website at http://www.maryannt.com.

About Mary Ann Teixeira

Mary Ann Teixeira is a licensed REALTOR with McGuire Real Estate in Burlingame, California who specializes in relocation services, homes for sale and luxury homes.  She is a seasoned buyer’s agent who serves the San Francisco Bay Area Peninsula communities of Atherton, Burlingame, Cupertino, Hillsborough, Los Altos, Los Altos Hills, Los Gatos, Menlo Park, Mountain View, Palo Alto, Portola Valley, Redwood City, San Carlos, San Jose, San Mateo, Santa Clara and Woodside.

Read the full story at http://www.prweb.com/releases/2013/2/prweb10486539.htm

Article source: http://www.digitaljournal.com/pr/1101611

     A total of 8,579 new and resale homes were sold in the nine-county Bay Area last month. That was up 1.4 percent from 8,461 in July, and up 14.2 percent from 7,513 for August 2011.

     A July-to-August sales increase is normal for the Bay Area summer season. August sales have varied from 6,688 in 1992 to 13,940 in 2004, while the average for all months of August since 1988, when DataQuick’s statistics start, is 9,638.

     The median price paid for all new and resale houses and condos sold in the Bay Area last month was $410,000. That was down 2.6 percent from $421,000 in July, and up 10.8 percent from $370,000 in August 2011.

     The Bay Area median almost always drops from July to August. Roughly half the year-over-year increase in the median can be attributed to a shift in market mix.

     The median’s low point of the current real estate cycle was $290,000 in March 2009. The peak was $665,000 in June/July 2007. Around half of the median’s peak-to-trough drop was the result of a decline in home values, while the other half was the result of a shift in the sales mix.

     “Most economists agree that the housing market is off bottom. But there’s a big gap between the market being ‘off bottom’ and being normal, which it’s not. The single biggest bottleneck is still the dysfunctional mortgage lending market. It’ll be interesting to see how yesterday’s announcement that the Fed is going to buy mortgage-backed securities plays out,” said John Walsh, DataQuick president.

     Jumbo loans, mortgages above the old conforming limit of $417,000, accounted for 38.7 percent of last month’s purchase lending, up from a revised 38.6 percent in July, and up from 32.9 percent a year ago. Last month was the highest since 43.4 percent in November 2007. In the current cycle, jumbo usage dropped to as low as 17.1 percent in January 2009. Before the credit crunch struck in August 2007, jumbos accounted for nearly 60 percent of the Bay Area purchase loan market.

     Adjustable-rate mortgages (ARMs), an important indicator of mortgage availability, declined again last month, accounting for 12.8 percent of the Bay Area’s home purchase loans. That was down from a revised 13.5 percent in July, and down from 16.0 percent in August last year. Since 2000, ARMs have accounted for 49.4 percent of all purchase loans. ARMs hit a low of 3.0 percent of loans in January 2009.

     Government-insured FHA home purchase loans, a popular choice among first-time buyers, accounted for 16.1 percent of all Bay Area home purchase mortgages last month. That was the same as in July and down from 21.1 percent a year earlier.

     The most active lenders to Bay Area home buyers last month were Wells Fargo with 17.0 percent of the market, RPM Mortgage with 4.6 percent and Bank of America with 3.3 percent. A year ago, Bank of America’s market share was 8.2 percent.

     Last month 40.2 percent of Bay Area sales were for $500,000 or more, down from a revised 42.0 percent in July, and up from 35.9 percent in August 2011. The low for the current cycle was January 2009, when just 22.7 percent of sales crossed the $500,000 threshold. Over the past 10 years, a monthly average of 48.0 percent of homes sold for $500,000-plus.

     Last month distressed property sales – the combination of foreclosure resales and “short sales” – made up about 33.8 percent of the Bay Area’s resale market. That was down from 34.0 percent in July and down from 43.8 percent a year ago.

     Foreclosure resales – homes that had been foreclosed on in the prior 12 months – accounted for 14.9 percent of resales in August, down from a revised 15.1 percent in July, and down from 25.7 percent a year ago. Last month was the lowest since 14.0 percent in December 2007. Foreclosure resales peaked at 52.0 percent in February 2009. The Bay Area’s monthly average for foreclosure resales over the past 17 years is about 10 percent.

     Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 18.9 percent of Bay Area resales last month. That was the same as in July and up from 18.1 percent a year earlier.

     Absentee buyers – mostly investors – purchased 23.0 percent of all Bay Area homes sold last month, up from a revised 22.6 percent in July, and up from 21.2 percent a year ago. Absentee buyers paid a median $264,500 in August, up 5.8 percent from a year ago.

     Buyers who appear to have paid all cash – meaning there was no evidence of a corresponding purchase loan in the public record – accounted for 28.0 percent of August sales. That was up from a revised 27.6 percent in July, and up from 27.5 percent a year ago. The monthly average going back to 1988 is 12.6 percent. Cash buyers paid a median $273,250 in August, up 9.3 percent from a year earlier.

     San Diego-based DataQuick monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. Because of late data availability, sales were estimated in Alameda, San Francisco and San Mateo counties.

     The typical monthly mortgage payment that Bay Area buyers committed themselves to paying last month was $1,491, down from $1,522 in July, and up from $1,460 a year ago. Adjusted for inflation, last month’s payment was 46.6 percent below the typical payment in spring 1989, the peak of the prior real estate cycle. It was 60.6 percent below the current cycle’s peak in July 2007.

     Indicators of market distress continue to move in different directions. Foreclosure activity remains high by historical standards but below peak levels reached over the last three years. Financing with multiple mortgages is low and down payment sizes are stable, DataQuick reported.

(chart)

All Homes           #Sold    #Sold     Pct.     $Median      Median      Pct.

                   Aug-11   Aug-12     Chng      Aug-11      Aug-12      Chng

Alameda             1,498    1,828    22.0%    $349,000    $380,000      8.9%

Contra Costa        1,576    1,649     4.6%    $260,500    $300,000     15.2%

Marin                 264      341    29.2%    $619,500    $634,000      2.3%

Napa                  121      160    32.2%    $320,000    $350,000      9.4%

Santa Clara         1,731    1,892     9.3%    $492,000    $542,750     10.3%

San Francisco         484      625    29.1%    $618,500    $700,000     13.2%

San Mateo             678      716     5.6%    $570,000    $592,500      3.9%

Solano                595      693    16.5%    $185,000    $190,000      2.7%

Sonoma                566      675    19.3%    $305,000    $345,000     13.1%

Bay Area            7,513    8,579    14.2%    $370,000    $410,000     10.8%

Source: DataQuick, DQNews.com

Article source: http://www.kionrightnow.com/story/19578820/bay-area-august-home-sales-highest-since-2006

Monthly sales of existing single-family homes and condominiums in the San Francisco Bay area fell from May to June but were still higher year-over-year for the 12th consecutive month according to real estate information provider DataQuick..

A total of 8,577 new and resale homes were sold in June in the nine county Bay Area, which includes Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma Counties. That was 2.6 percent lower than the 8,810 home sales in May but still 7.2 percent higher than the 7,998 sales posted in June of 2011. Year-over-year home sales have improved for 12 consecutive months.

Home sales typically increase from May to June in the Bay area with last month’s home sales 14.8 percent below their historical average.

Cash buyers accounted for 27.5 percent of the homes purchased for the month, down from 28.3 percent in May and they paid a median price of $277,000 for the homes they purchased, down from $280,000 the previous month.

Absentee buyers, usually investors and vacation home buyers, accounted for 23.4 percent of all sales, down from 24.4 percent in May, paying a median price of $270,000 for the homes they purchased, up from $262,000 the previous month..

The median sales price for new and resale homes and condos in June increased 4.3 percent to $417,000, up from $400,000 in May. The median price was 10.4 percent higher than in June of 2011, when the median price stood at $377,750. It was the third consecutive month that year-over-year home prices have improved in the area following 19 straight months of declines.

By comparison, the lowest median price posted during the current real estate cycle was $290,000 in June 2009, while the peak median price was $665,000 in June/July 2007.

John Walsh, president of DataQuick, stated, “Some of today’s stats are similar to what we saw in the thick of the housing downturn back in 2009, only in reverse: Instead of foreclosure resales soaring they’re waning, and instead of high-end sales slumping they’re posting some of the larger sales gains. This is one of the main reasons that various price measures are pointing higher – a so-called change in market mix. While last month’s jump in the median sale price might to some extent reflect prices edging a bit higher in certain markets, mostly it’s a reflection of the change in market mix. Fewer discounted distressed properties changing hands, more normal sales in the move-up range.”

Distressed home sales accounted for 36.1 percent of the Bay Area’s re-sale market last month, down from a revised 39.0 percent in May. Foreclosure re-sales accounted for 18.1 percent of all existing home sales in June, down from 21.4 percent in May, while short sales also made up about 18.0 percent of the Bay Area’s existing home sales last month, up from a revised 17.6 percent in May.

Tags: Bay Area, DataQuick, home sales, home prices, spring selling season, median sales price, new homes, re-sale homes

Source:
Dataquick

Article source: http://loanrateupdate.com/mortgages/bay-area-june-home-sales-fall-in-june

Tim J. Gullicksen is a San Francisco Real Estate Agent at Zephyr Realty.

If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy

San Francisco, CA (PRWEB) June 05, 2012

Tim Gullicksen of Zephyr Realty, a San Francisco real estate agent, is announcing that the high prices of real estate properties throughout the San Francisco Bay Area may only be another “bubble” that will soon go down in this current economic state.

“If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy. At best, the recovery is going achingly slow and unemployment remains high. At worst, we could have a world-wide double dip to our great recession,” Gullicksen said. “So can the vast increases in sales prices for homes in these highly desirable real estate markets really stay up there in the stratosphere? No one knows for sure, but my money is on ‘not likely.’”

From data and analysis of the current real estate market, this potential bubble is a combination of the Facebook initial public offering, historically low interest rates, the most anemic inventory of homes for sale in memory and the collective realization by the market that real estate values aren’t going any lower.

“When you combine economic confidence with a lot of buyers competing for very few listings, you have a recipe for sky-rocketing prices” Gullicksen said.

Properties are selling for 10 to 20 percent above what the recent comparables justify and often receive multiple offers; however, there is no economic recovery underpinning this massive and sudden increases in value.

For more information about Tim Gullicksen of Zephyr Realty, call 415-655-1588, view him on the Web at http://www.timgullicksen.com or visit 2523 California St. in San Francisco.

About Tim Gullicksen of Zephyr Realty

Tim Gullicksen of Zephyr Realty is a San Francisco real estate agent who specializes in a broad spectrum of San Francisco real estate property types, from affordable units sold through the Mayor’s Office of Housing to multi-million dollar buildings and single-family homes. Gullicksen works with experienced and first-time home buyers in San Francisco to find them the right home.

For more than 30 years, Zephyr Realty has been one of the most respected real estate firms in San Francisco. Its reputation as a highly professional and effective group of agents is recognized by both clients and the entire real estate community. As the most successful independent real estate firm serving San Francisco, with more than $1 billion in gross sales annually, its real estate agents understand the San Francisco market like no one else.

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Article source: http://www.prweb.com/releases/real-estate/san-francisco/prweb9573062.htm

A record amount of purchases by investors and cash buyers helped push monthly sales of new and existing homes in the Bay Area higher in February according to real estate information provider DataQuick.

A total of 5,702 new and resale homes were sold in February in the nine county Bay Area, which includes Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma Counties. That was 4.1 percent higher than the 5,479 home sales in January and 14.2 percent higher than the 4,991 sales posted in February of 2011. Year-over-year home sales have improved for eight consecutive months.

Home sales typically increase from January to February in the Bay area with last month’s sales still 9.0 percent below the historical average of 6,268 sales despite the help of an extra day of sales due to the leap year. February’s sales tally was still the highest for that month since 2007.

Cash buyers accounted for a record 32.0 percent of the homes sold for the month, up from a revised 29.9 percent in January, paying a median price of $247,000 for their purchases. The previous record for cash purchases was 30.5 percent, reached in February of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for a record 26.0 percent of all sales, up from a revised 25.2 percent in January, paying a median price of $230,000 for the homes they purchased.

The median sales price for new and resale homes and condos in February fell 0.3 percent to $325,500, down from $326,000 in January. The median price was 3.6 percent lower than in February of 2011, when the median price stood at $337,250. It was the 17th consecutive month that home prices have declined year-over-year.

By comparison, the lowest median price posted during the current real estate cycle was $290,000 in March 2009, while the peak median price was $665,000 in June/July 2007.

Transactions below $300,000, where most cash buyers and investors make their purchases, posted the largest increase in sales activity, up 16.8 percent from a year ago.

John Walsh, president of DataQuick, stated, “The market is still strange, just a little less strange than it was. We also need to keep in mind that, when it comes to statistical trends, February is the least typical month of the year. Over the winter you’re left with a higher concentration of investors and people who must buy or sell because of a major life event. In the spring, when many traditional buyers return, we’ll get a much better read on the market. Meanwhile, many potential buyers are still waiting for the lending spigot to open more. Drum-tight credit conditions continue to undermine housing, along with negative equity and the various uncertainties plaguing would-be buyers.”

Distressed home sales accounted for 50.5 percent of the Bay Area’s re-sale market last month, down from a revised 50.7 percent in January. Foreclosure re-sales accounted for 27.4 percent of all existing home sales in February, up from a revised 27.2 percent in January, while short sales made up about 23.1 percent of the Bay Area’s existing homes sales last month, down from a revised 23.5 percent in January.

Foreclosure re-sales peaked at 52.0 percent in February 2009 while the rate of foreclosure re-sales has been about ten percent over the last 15 years.

Tags: Bay Area, DataQuick, home sales, home prices, spring selling season, median sales price, new homes, re-sale homes

Source:
Dataquick

Article source: http://loanrateupdate.com/mortgages/bay-area-home-sales-improve-as-investors-and-cash-buyers-move-in

Just like their brethren to the south, monthly sales of new and existing homes in the Bay area surged in December, fueled by a record percentage of sales to investors according to real estate information provider DataQuick, but the lower prices they paid for their purchases helped push overall prices down.

A total of 7,494 new and resale homes were sold in December in the nine county Bay Area, which includes Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma Counties. That was 18.6 percent higher than the 6,317 home sales in November and 4.4 percent higher than the 7,178 sales posted in December of 2010.

Home sales typically increase 9.9 percent from November to December in the Bay area with sales varying from a low of 5,065 in 2007 to a high of 12,349 in 2003 with a monthly average of 8,643 sales.

John Walsh, president of DataQuick, stated, “We’ll remember 2011 as much for what didn’t happen as for what did. People put discretionary buying and selling on hold, except at the very top of the market. The spectacular gains in affordability, based on the combination of lower prices and ultra-low interest rates, was largely theoretical for many people because it was so hard to get a mortgage. That, combined with negative equity and economic uncertainty, kept people away.”

The median sales price for new and resale homes and condos in December fell 3.5 percent to $351,500, down from $363,500 in November. The median price was 6.3 percent lower than in December of 2010, when the median price stood at $375,000. It was the 15th consecutive month that home prices have declined year-over-year.

By comparison, the lowest median price posted during the current real estate cycle was $290,000 in March 2009, while the peak median price was $665,000 in June/July 2007.

Distressed home sales accounted for 49.6 percent of the Bay Area’s re-sale market last month, up from 45.9 percent in November. Foreclosure re-sales accounted for 28.6 percent of all existing home sales in December, up from 26.5 percent in November, while short sales made up about 21.0 percent of the Bay Area’s existing homes sales last month, down from 21.3 percent in November.

Foreclosure re-sales peaked at 52.0 percent in February 2009 while the rate of foreclosure re-sales has been about ten percent over the last 15 years.

Cash buyers accounted for 27.4 percent of the homes sold for the month, up from 27.1 percent in November, paying a median price of $215,000 for their purchases.

Absentee buyers, usually investors and vacation home buyers, accounted for a record 23.8 percent of all sales, up from 21.7 percent in November, paying a median price of $225,000 for the homes they purchased which was down from $250,000 in November. Sales of homes priced under $300,000, the primary market for investors, were 15.2 percent higher than they were a year ago.

Tags: Bay Area, DataQuick, home sales, home prices, spring selling season, median sales price, new homes, re-sale homes

Source:
Dataquick

Article source: http://loanrateupdate.com/mortgages/investors-help-push-bay-area-sales-higher-prices-lower

Sunol, CA (PRWEB) September 08, 2011

It’s well known that the housing market has taken a beating over the past few years, and although it’s improving in the Bay Area, to many people trying to sell a home, it doesn’t feel like it’s improving very quickly. In such a competitive market, homeowners are looking for affordable ways to distinguish their property and attract buyers. Western Star Nursery, a Sacramento and Bay Area wholesale nursery, offers simple and affordable suggestions for landscaping and garden improvements that can quickly add value to a home.

The recently released numbers for the SP Case-Shiller Index showed that San Francisco home sales were up 0.4%-a small increase from the month before, but 14.6% above the 2009 low. Still, home sales are 32.8% below their 2006 peak, and many homes have been on the market for months without attracting interest. As the market traditionally picks up going into the fall, homeowners would be wise to add some touches to the yard now to give their property extra appeal.

“Since the home market continues to stagger, and many homes are still just sitting on the market, why not give your home/property that edge against all others? Upgrade your landscaping with colorful perennials, and you can add real value to a home,” suggests Sally Painter, owner of the Bay Area and Sacramento landscape supply wholesaler. Western Star suggests a few perennials that are in bloom now, and will give the property an extra burst of color year after year.

Mexican daisies (Erigeron karvinskianus) are sunny flowers that usually come in white, pink or lavender with a yellow center. They are a great addition to a yard, as they are drought-tolerant, flower year-round, and attract butterflies. They enjoy sunny areas and need good drainage, so they are ideal for rock gardens or in hanging pots.

Lantanas, sometimes known as shrub verbenas, are a tropical plant with aromatic leaves and flowers that often have multiple colors in each bloom-typically red, orange and yellow or blue and white. They attract bees, butterflies and birds. They are excellent for creating a border or as a foundation hedge.

Sedums are a colorful and hardy succulent, often seen in whites, yellows, deep pinks and reds. They are drought-resistant and deer-proof. They make a lovely border or groundcover.

Ipomoeas, commonly known as “morning glories,” are terrific climbing plants, perfect for winding up a porch or trellis. Their petals unwrap into full bloom in the early morning, and tend to close up again within a few hours. They are an easy way to create shade on a sunny wall, lowering the costs of cooling and heating the house.

“Just by adding some simple landscaping improvements to your yard, you can give the home an inviting touch that will get buyers through your door,” says Sally.

For more ideas on Bay Area and Sacramento landscape design that will add value to a home, or any of Western Star Nursery’s products or services, call them at (925) 862-2411 (East Bay) or (209) 744-2552 (South Sacramento), view them on the web at western-star-nursery.com, or visit one of their locations in Sunol or Galt.

About Western Star Nursery

Western Star Nursery is a wholesale nursery in Sacramento and the Bay Area serving landscaping contractors, developers, and commercial nurseries. Founded in 1996 by Robert and Sally Painter, Western Star Nursery has earned a reputation for growing high-quality products and offering superior service. From the most commonly used ornamental varieties to unusual phormiums, they stock a large and diversified selection of 1 gallon through 36″ box trees and shrubs on over 100 acres. They also offer an efficient brokerage service and contract growing. The Western Star staff, many of whom have been with the company since its start, bring with them many years of nursery and customer service experience. Western Star features will-call, delivery and shipping services.

Western Star Nursery has locations in Sunol and Galt, and provides landscape design services and landscape supply to the Bay Area, Sacramento, and northern California. They offer delivery service throughout California and Nevada.

###

For the original version on PRWeb visit: www.prweb.com/releases/prweblandscape-supply/bay-area/prweb8777866.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/09/08/prweb8777866.DTL

A total of 4,991 new and resale houses and condos sold in the nine-county Bay Area last month. That was up 0.5% from 4,966 in January but down 0.9% from 5,035 in February 2010, according to DataQuick Information Systems. The San Diego firm tracks real estate trends nationally via public property records.

A small increase in sales between January and February is normal for the season, with that gain averaging 2.7% since 1988, when DataQuick’s statistics begin. Last month’s sales were 20.9% below the February average of 6,307 transactions.

Search for the best local mortgage rates at TheStreet’s sister site, BankingMyWay.

Just 243 newly built homes sold in the Bay Area in February, the least for any month in DataQuick’s statistics. The previous low was 253 in January this year. One of the main problems builders face is that they can’t compete with prices on resale homes, especially distressed properties.

Distressed sales – the combination of sales of foreclosed homes and “short sales” – accounted for just over half of the Bay Area’s resale market last month.

Foreclosure resales – homes that had been foreclosed on in the prior 12 months – made up 32.6% of the Bay Area’s resale market in February. That was down from 35.0% in January and 36.3% a year ago. Foreclosure resales peaked at 52.0% in February 2009. The monthly average for foreclosure resales over the past 15 years is about 9%.

Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 20.3% of Bay Area resales last month, a peak for the current real estate cycle. Last month’s short sale figure was up from an estimated 19.7% in January, 17.8% a year earlier, and 12.6% two years ago.

Article source: http://www.thestreet.com/story/11050412/1/investors-lead-san-francisco-home-sales.html