Apples-to-Apples for an Updated Noe Edwardian

Apples-to-Apples for an Updated Noe Edwardian

Purchased for $2.8 million in April of 2015, the updated Noe Valley Edwardian with “an ideal layout” at 936 Noe Street, three blocks from the main drag, returned to the market priced at $2.995 million thus past March, a sale at which would have represented total appreciation of only... Read More »

Local Unemployment Claims Inch Up

Local Unemployment Claims Inch Up

Having dropped by nearly 60 percent in May, the number of San Francisco residents that filed a new/initial unemployment claim was effectively unchanged at 24,256 in June (versus having averaged closer to 5,000 a month since the end of the Great Recession, during which monthly filings never crossed the... Read More »

Benchmark Mortgage Rate Slips Back Under 3 Percent

Benchmark Mortgage Rate Slips Back Under 3 Percent

Having inched up last week, the average rate for a benchmark 30-year mortgage is now back under 3 percent by a basis point (2.99 percent) and 76 basis points below its mark at the same time last year (3.75 percent), according to Freddie Mac’s latest Mortgage Market Survey data.... Read More »

Restaurateur’s Wine County Estate Now Listed for 42% Less

Restaurateur’s Wine County Estate Now Listed for 42% Less

The 6,000-square-foot “Villa Cucina,” which sits on 40 acres of prime Napa Valley land, was built for Pat Kuleto, the famed San Francisco restaurateur, back in 1995. As one would expect, the centerpiece of the rustic five-bedroom home is an oversized kitchen designed by Kuleto himself, outfitted with commercial... Read More »

Asking Rents in San Francisco Continue to Drop, Listings Spike

Asking Rents in San Francisco Continue to Drop, Listings Spike

In a move that shouldn’t catch any plugged-in readers by surprise, the weighted average asking rent for an apartment in San Francisco has dropped another 4 percent over the past few weeks and is now down to $3,700 a month. While $3,700 a month isn’t exactly “cheap,” it’s nearly... Read More »

Pending Home Sales in the U.S. Jumped in June

Pending Home Sales in the U.S. Jumped in June

Having rebounded 44 percent in May following two months of twenty-plus percent declines, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, jumped another 16.6 percent in June to an above-average 116.1, which is 6.3 percent... Read More »

While up Nationally, Index for Bay Area Home Values Slips

While up Nationally, Index for Bay Area Home Values Slips

Having inched up to an all-time high in April, 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 – slipped 0.2 percent in May and the year-over-year gain for the index inched down... Read More »

Moratorium on Pandemic Related Evictions Extended

Moratorium on Pandemic Related Evictions Extended

As we outlined last month: The temporary moratorium on the eviction of tenants in San Francisco for the non-payment of rent from April through July, if formally documented as being due to the COVID-19 pandemic, has effectively been made permanent by San Francisco’s Board of Supervisors. While the ordinance... Read More »

When Up is Down: Apples-to-Apples in the Mission

When Up is Down: Apples-to-Apples in the Mission

As we outlined last month, the signature 1,886-square-foot end unit #203 in the three-unit building at 201-207 Guerrero Street, which was designed by Kennerly Architecture and built in 2004, features an open main floor with a double height living room and corner windows; a total of three bedrooms and... Read More »

Number of Homes for Sale in S.F. Just Hit a 10-Year High

Number of Homes for Sale in S.F. Just Hit a 10-Year High

The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 4 percent over the past week to 1,420, representing 120 percent more inventory than there was at the same last year and a 10-year seasonal high. At a more... Read More »