Articles Filed Under: Trends

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Sub-Million Dollar Listing Levels Tick Up Again in San Francisco

With the number of homes on the market in San Francisco nearing a two-decade high, and the percentage of homes on the market listed for under a million dollars having just ticked up to 35 percent, which is up 2 percentage points over the past month and versus 26... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

Having moderated around 2.9 percent since early September, the average rate for a benchmark 30-year mortgage inched down 6 basis points over the past week to a new all-time low of 2.81 percent, which is 88 basis points below its mark at the same time last year and 5... Read More »

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

In addition to 5.6 million square feet of directly vacant, un-leased office space spread across the city, which is up from around 3.7 million square feet of un-leased space at the same time last year, there is now 6.2 million square feet of office space in San Francisco which... Read More »

Another Wave of Vacancies Poised to Roil the Market in S.F.

Another Wave of Vacancies Poised to Roil the Market in S.F.

While the vacancy rate for larger, multi-unit apartment buildings in San Francisco had only ticked up from around 5 percent in the second quarter of last year to around 6 percent in the second quarter of 2020, that single percentage point increase represented around 1,500 newly vacated units, or... Read More »

Asking Prices Drop in San Francisco, Expectation Gap as Well

With the number of homes on the market in San Francisco nearing a two-decade high, a move which shouldn’t have caught any plugged-in readers by surprise, and the asking price for a third of said homes having been reduced at least once, the average price per square foot of... Read More »

Single-Family Home Inventory Just Hit a 9-Year High in S.F.

Despite some misreports to the contrary, the market for single-family homes in San Francisco hasn’t become detached from the market for condos. While the market for condos tends to be more volatile, with higher highs, lower lows and faster swings between the two, it remains a leading indicator for... Read More »

Reduced Listings Hit a 10-Year High in San Francisco

With the number of homes on the market in San Francisco nearing a two-decade high and the percentage of homes on the market with a list price that has been reduced at least once having ticked up to 31 percent, which is 14 percentage points, or roughly 80 percent,... Read More »

Number of Homes for Sale in S.F. Nearing A Two-Decade High

Number of Homes for Sale in S.F. Nearing A Two-Decade High

Having jumped over 20 percent in September, a move which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of all sales, both pending and closed, has just ticked up to 1,900 for the first time in a decade... Read More »

Exceptional West SoMa Loft Finally Secures an “At Asking” Sale

Exceptional West SoMa Loft Finally Secures an “At Asking” Sale

Purchased for $1.135 million in March of 2015, the “exceptional TOP-FLOOR” unit #28 with “soaring double height ceilings” in the award-winning brick & timber live/work loft building at 380 10th Street returned to the market priced at $1.199 million this past April, a sale at which would have represented... Read More »

Benchmark Mortgage Rate Moderating Around 2.9 Percent

Benchmark Mortgage Rate Moderating Around 2.9 Percent

Having inched up 3 basis points last week, the average rate for a benchmark 30-year mortgage has since inched back down 2 basis points to 2.88 percent, which is 77 basis points below its mark at the same time last year and only 2 basis points above its all-time... Read More »