Stylish South Beach Penthouse Dropped Over 20 Percent

Stylish South Beach Penthouse Dropped Over 20 Percent

Purchased for $2.75 million in November of 2015, the two-story unit #801 atop the boutique Gold Certified building at 750 2nd Street returned to the market priced at $2.995 million in May of 2019, a sale at which would have represented net appreciation of 8.9 percent or roughly 2.4... Read More »

Nearly 14 Million Square Feet of Vacant Office Space in S.F.

Nearly 14 Million Square Feet of Vacant Office Space in S.F.

In addition to 6.7 million square feet of un-leased office space now spread across San Francisco, which is up from 5.6 million square feet of un-leased space just three months ago, there is now another 7.2 million square feet of office space which has been leased but is sitting... Read More »

Now Listed for Over 20 Percent Less in Lower Pacific Heights

Now Listed for Over 20 Percent Less in Lower Pacific Heights

Purchased for $2.1 million in September of 2018, the 1,900-square-foot, full-floor condo at 1940 Bush Street, which “dazzles with great period details and contemporary finishes” in Lower Pacific Heights, a few blocks from Fillmore Street, Japan Town and Lafayette Park, returned to the market priced at $2.199 million this... Read More »

Benchmark Mortgage Rate Ticks Up, Short-Term Rate Jumps

Benchmark Mortgage Rate Ticks Up, Short-Term Rate Jumps

Having dropped to a new all-time low last week, the average rate for a benchmark 30-year mortgage has since ticked up 14 basis points (0.14 percentage points) to 2.79 percent but remains 86 basis points, or nearly 24 percent, below its mark at the same time last year and... Read More »

COVID-19 Case Rate and Hospitalizations in S.F. Hit New Highs

COVID-19 Case Rate and Hospitalizations in S.F. Hit New Highs

While the ICU availability for the greater Bay Area Region has ticked up to 4.7 percent, the State has formally extended its Regional Stay Home Order, an order which isn’t likely to be lifted for at least another month (if not two). At the same time, the ICU availability... Read More »

Mortgage Loan Application Volumes Tick Back Up

Having slipped over the previous two holiday weeks, purchase mortgage loan activity across the U.S. ticked up 8 percent over the past week and was 10 percent higher than at the same time last year, according to the Mortgage Bankers Association. And with the benchmark 30-year mortgage rate having... Read More »

So You Thought You Knew the Market in Noe / San Francisco

So You Thought You Knew the Market in Noe / San Francisco

As we outlined last month, the previously remodeled three-bedroom home at 3806 22nd Street, which is “located on one of the best, flat blocks in Noe Valley,” was purchased for $3.275 million in October of 2016 and features “high ceilings, warm living spaces, and an open floor plan,” returned... Read More »

Timing for Skinny Central SoMa Hotel Pushed Back

Timing for Skinny Central SoMa Hotel Pushed Back

Having been approved by Planning back in the second quarter of 2018, building permits for the skinny 8-story Central SoMa hotel and group housing development to rise at 744 Harrison Street, which extends to 29 Rizal along Lapu Lapu Street, were in the works. But with the project team... Read More »

The Plans for That $6.5 Million Teardown in Dolores Heights

The Plans for That $6.5 Million Teardown in Dolores Heights

Purchased for $6.5 million, or a breathless “$6,069 per square foot,” back in May of 2018, plans to raze the existing 1,071-square-foot home on an oversized, 6,926-square-foot Dolores Heights lot at 3669 21st Street, with “180 degree views from Twin Peaks to San Bruno Mountain,” have been drawn (while... Read More »

A Twenty Percent Drop at The San Francisco Shipyard

A Twenty Percent Drop at The San Francisco Shipyard

Marketed as a “fantastic opportunity to get in on the new and ultra chic community of The Shipyard,” the two-bedroom, two-bath unit #216 at 451 Donahue Street, which was purchased pre-construction from Lennar for $560,800 in 2014, was flipped for $780,000 in June of 2016, shortly after the unit... Read More »