Neighborhood Changing Development(s) Poised to Break Ground

Neighborhood Changing Development(s) Poised to Break Ground

With the San Francisco Tennis Club at 645 5th Street having been fenced and Alexandra Real Estate Equities poised to break ground for the 243-foot-tall, 775,000-square-foot “88 Bluxome” Street development to rise on the Central SoMa site, over half of which Pinterest had pre-leased, demolition permits have been issued... Read More »

Pace of New Home Sales in the U.S. Slips, Inventory Holds

Pace of New Home Sales in the U.S. Slips, Inventory Holds

Having been upwardly revised for a 0.1 percent gain in September, the seasonally adjusted pace of new single-family home sales in the U.S., which hit a 14-year high in August, slipped 0.3 percent in October to an annualized rate of 999,000 sales, representing the first month-over-month decline in the... Read More »

A New COVID Case High in San Francisco, Rollbacks Loom

A New COVID Case High in San Francisco, Rollbacks Loom

Based on an updated count and confirmation, the number of new COVID-19 cases diagnosed in San Francisco on Monday of last week (11/16) totaled 164, surpassing the previous one-day high of 161 diagnosed cases on July 14. At the same time, the 7-day average of daily new cases, which... Read More »

Index for Bay Area House Values Ticks Up, Condos Down

Index for Bay Area House Values Ticks Up, Condos Down

Having inched up an upwardly revised 0.9 percent in August, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up 1.0 percent in September for a year-over-gain of 6.0 percent in... Read More »

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

One-Bedroom Rents Down to 2012-Era Levels in San Francisco

With the average asking rent for a studio apartment in San Francisco having slipped below $2,000 a month for the first time in nearly a decade earlier this month, the average asking rent for a one-bedroom apartment in the city has since slipped under $2,700 a month for the... Read More »

Upgraded Victorian Drops Below Its 2015 Price

Upgraded Victorian Drops Below Its 2015 Price

The nearly 3,000-square-foot, “exceptional” Victorian home at 559 Douglass Street, on the border of Eureka and Noe Valley, was purchased for $2.85 million in October 2015, with a previously remodeled “chef’s kitchen” and lower-level bedroom suite which opens to a large deck and flowering backyard. The home’s kitchen, adjoining... Read More »

Number of Homes on the Market in San Francisco Drops, But…

Number of Homes on the Market in San Francisco Drops, But…

In a move which shouldn’t catch any plugged-in reads by surprise, the number of homes on the market in San Francisco, net of all new sales and contract activity, both pending and closed, dropped 7 percent over the past week, driven by a seasonal slowdown in new listing activity.... Read More »

How Up is Down for a Sleek Condo in San Francisco

How Up is Down for a Sleek Condo in San Francisco

The two-bedroom, two-bath Unit C in the converted Jackson Square building at 845 Montgomery Street, which is located in the heart of the “coveted Jackson Square Historic District,” “surrounded by world class art galleries, tree lined streets, charming alleys, and distinctive eateries,” just sold for $1.3 million having been... Read More »

Bay Area Re-Employment Jumps, Labor Force Rebounds

Bay Area Re-Employment Jumps, Labor Force Rebounds

Having sputtered in September, the number of people living in San Francisco with a paycheck jumped by 25,400 last month, driving the unemployment rate, which had been averaging around 2 percent prior to the pandemic but jumped to 12.6 percent in April, back down to 6.9 percent. That being... Read More »

Exceptional Noe Home Trades for Its 2016 Price

Exceptional Noe Home Trades for Its 2016 Price

Purchased for $4.94 million in June of 2016, the 3,600-square-foot, 4-bedroom Noe Valley home at 481 Jersey Street returned to the market priced at $5.6 million this past February, a sale at which would have represented total appreciation of 13.3 percent for the “exceptional modern home…on one of the... Read More »