Big(ger) Plans for UCSF’s Parnassus Campus Slated for Approval

Big(ger) Plans for UCSF’s Parnassus Campus Slated for Approval

While the growth of University of California San Francisco’s Parnassus Heights Campus was capped back in 1976, plans to add another 1.38 million square feet of clinical, research and administrative space, including the development of a new 16-story hospital on the eastern edge of the existing campus core, have... Read More »

Luxury View Condo Drops $700K Despite Bay Area Trend

Luxury View Condo Drops $700K Despite Bay Area Trend

Purchased for $5.3 million in January of 2018, the nearly 2,700-square-foot unit #39B atop the Lumina tower at 201 Folsom Street returned to the market priced at $5.998 million in October of 2019, a sale at which would have represented total appreciation of 13.2 percent since the end of... Read More »

2020 Ended With Inventory Up Nearly 3X in San Francisco

2020 Ended With Inventory Up Nearly 3X in San Francisco

While the net number of homes listed for sale dropped around 45 percent over the past month in San Francisco, as was to be expected with a seasonal culling of unsold listings underway, inventory levels are still up nearly 3x on a year-over-year basis, with 200 percent more condos... Read More »

Benchmark Mortgage Rate Dropped Nearly 30 Percent This Year

Benchmark Mortgage Rate Dropped Nearly 30 Percent This Year

While the average rate for a benchmark 30-year mortgage inched up one (1) basis point over the past week from an all-time low of 2.66 to 2.67 percent, it’s ending the year 105 basis points – or nearly 30 percent – lower than where it started, having recorded 15... Read More »

Pending Home Sales Tick Down 2.6 Percent Nationally

Pending Home Sales Tick Down 2.6 Percent Nationally

Having slipped one (1) percent in October, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked down another 2.6 percent in November to 125.7 but is still 16.4 percent above its mark at the same... Read More »

Oakland Rents Tick Down, Listing Activity Up 2X

Oakland Rents Tick Down, Listing Activity Up 2X

While the average asking rent for an apartment in Oakland hasn’t declined as much as it has in San Francisco, either in the absolute or relatively, it has ticked down another 1.4 percent over the past two months to $2,300, which is down 19 percent on a year-over-year basis... Read More »

Luxury One-Bedroom Drops $200K Since Mid-2019

Luxury One-Bedroom Drops $200K Since Mid-2019

Purchased for $1.225 million in May of last year, near the height of the industry-driven “wave of millionaires” misreports, the garden view unit #4C in the Lumina mid-rise at 333 Beale Street returned to the market priced at $1.268 million this past January. The 916-sqaure-foot, one-bedroom unit is outfitted... Read More »

Index for Bay Area House Values Inches Up, Condos Slip

Index for Bay Area House Values Inches Up, Condos Slip

Having ticked up an upwardly revised 1.3 percent in September, 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 – inched up another 0.9 percent in October for a year-over-gain of 7.7 percent... Read More »

Failed Auction Yields Newfound Transparency

Failed Auction Yields Newfound Transparency

Purchased for $665,000 in July of 2013, the 765-square-foot unit #1011 in the SoMa Grand at 1160 Mission Street returned to the market listed for $779,000 this past July, a sale at which would have represented net appreciation of just 17.1 percent for the one-bedroom unit with a den/office... Read More »

The “Most Expensive Home in San Francisco” Sold for Far Less

The “Most Expensive Home in San Francisco” Sold for Far Less

As we outlined in August of last year: Priced at $45 million , which was misreported by some as being “the most expensive home ever listed” in San Francisco, “Residence 950” at 950 Lombard Street – which now offers around 9,500 square feet of rather spectacular living... Read More »