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To: Jim McMannis who wrote (130405)3/19/2001 3:41:05 PM
From: Windsock  Read Replies (1) | Respond to of 186894
 
Re:"Thanks for the update, keep it coming. What is "SOMA"?"

South Of Market street Area in downtown San Francisco



To: Jim McMannis who wrote (130405)3/19/2001 4:24:10 PM
From: Gottfried  Read Replies (3) | Respond to of 186894
 
Jim, Silicon Valley Index - an Unofficial Barometer from SJ Mercury News...
this wk last year
spot market price of 64mb RAM $2.15 $5.15
avg monthly rent/ft2 office space $5.71 $3.09
cars parked at SJ airport 45,702 42,673
market cap of 150 largest companies $1.1T $1.4T

Gottfried
from today's physical newspaper, not on web site.



To: Jim McMannis who wrote (130405)3/20/2001 4:44:24 AM
From: Amy J  Respond to of 186894
 
SOMA - an area known for buildings with high ceilings, artsy, home of the dotcoms, formerly warehouses. Dotcoms didn't mind bidding up the rent in SOMA, so a 30 to 50% contraction isn't surprising and does not accurately reflect Silicon Valley. Things aren't as extreme in Silicon Valley, where folks have an eye on the numbers.

Regards,
Amy J



To: Jim McMannis who wrote (130405)3/25/2001 9:32:32 AM
From: Tushar Patel  Read Replies (2) | Respond to of 186894
 
Housing prices in the bay area soften. 2 stories in todays paper (San Francisco Chronicle):

Prices of Silicon Valley Mansions Fall Back to Earth
sfgate.com

-- A Los Altos home that sold for over $4.3 million last spring went back on the market for $300,000 less.

-- A home in desirable old Palo Alto, which was on the market at $5 million, has been dropped to $3.75 million. Still no takers.

-- One Atherton home went on the market last June for almost $17 million. The price was then cut to $14 million, and slashed again in January to $7.95 million. It has yet to attract a single offer.


Prices are beginning to soften for non-mansions as well according to this story:

Home Buying Frenzy Fades
Nasdaq plunge signals end of wild overbidding
sfgate.com

- Last Sunday he looked at a two-story house in Bernal Heights listed for $509,000. The price of the sunny home with bay windows was initially $539,000.

- On Lafayette's Moraga Boulevard -- a quiet street of postage-stamp lawns and white picket fences -- agents Melanie Peterson and Sandi Costigane Mitchell held their third open house Sunday for the same property. They had just dropped the asking price for the three-bedroom creekside ranch home from $515,000 to $495,000.

- In Berkeley -- historically a stable market -- an adorable two-bedroom bungalow sits with no offers three days after its open house. BerkeleyHome real estate broker Tim Cannon says if they don't get an offer this week they will reduce the $419,000 price tag -- possibly listing it for less than $400, 000.