Articles Filed Under: RealRecentReductions

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Number of Homes for Sale in San Francisco Continues to Tick Up

While the pace of home sales in San Francisco has started to rebound, new listing activity continues to outpace the number of new purchase contracts being written. As such, the number of homes listed for sale across the city, net of new sales, ticked up another 7 percent over... Read More »

Number of Homes on the Market in San Francisco Jumps

Number of Homes on the Market in San Francisco Jumps

Driven by a dramatic slowdown in sales while listing activity has since rebounded, the number of homes on the market in San Francisco has jumped 35 percent over the past two weeks to 830, which is 26 percent more than at the same time last year and a 9-year... Read More »

Price Cuts Tick Up Along with Inventory Levels in San Francisco

With listing activity back on the rise in San Francisco and the number of homes on the market nearing a 9-year high, the percentage of active listings with at least one official reduction – which doesn’t include properties that were withdrawn from the MLS and then re-listed with a... Read More »

Onetime Record-Setting Bernal Home Relisted Anew

Onetime Record-Setting Bernal Home Relisted Anew

Having very briefly held the title of the most expensive reported home sale in the history of Bernal Heights when it sold for $2,310,000 back in the first quarter of 2015, the contemporary four-level, 3,015-square-foot home at 152 Elsie Street – which features an open main floor plan, four... Read More »

Pending Home Sales Down 40 Percent in San Francisco

As we outlined two weeks ago, the pace of home sales in San Francisco was already “down 20 percent on a year-over-year basis and dropping fast.” And in fact, the number of homes in contract across the city is now down 40 percent versus the same time last year... Read More »

Number of Homes Now on the Market in S.F. (And Reductions)

Number of Homes Now on the Market in S.F. (And Reductions)

Having ticked up last week, the net number of homes on the market in San Francisco (i.e., inventory) has since held. That being said, inventory levels in San Francisco, which had hit a 9-year high last month, prior to plummeting in a COVID-19 related hit, are currently down around... Read More »

Number of Homes for Sale in San Francisco Ticks Up

Having dropped nearly 50 percent over the previous two weeks, following San Francisco’s initial stay-at-home order having been issued, the number of homes on the market in San Francisco has actually ticked up 11 percent over the past week to 430, driven by an uptick in new listing activity... Read More »

Inventory Levels and Sales Continue to Drop in San Francisco

Having plummeted 40 percent last week, the number of homes on the market in San Francisco has since dropped another 14 percent to 390, which isn’t zero but is 37 percent fewer than at the same time last year, driven by a combination of listings being withdrawn from the... Read More »

Price Reductions, and Increases, on the Rise in San Francisco

With new listing activity and inventory levels having plummeted, and the pace of home sales having sharply dropped, the percentage of homes on the market in San Francisco with at least one official price cut – which doesn’t include properties that were withdrawn from the MLS and then re-listed... Read More »

Million Dollar Reduction Moves Updated Mission Home

Million Dollar Reduction Moves Updated Mission Home

As we outlined last week: Purchased as a 2,000-square-foot property, “in need upgrading,” for $1.31 million in May of 2018, the single-family home at 1160 Florida Street has since been redesigned by Martinkovic Milford Architects, completely renovated (“no stone has been left unturned”) and expanded to 2,800 square feet... Read More »