Price Cutting Is Picking Up Steam

Having hit a 9-year high last week, the number of homes on the market in San Francisco which have undergone at least one official price cut has ticked up another 10 percent in the absolute to 330. As such, there are now over 150 percent more reduced listings on... Read More »

Bigger Plans for Previously Torpedoed Infill Site

Bigger Plans for Previously Torpedoed Infill Site

Having never recovered from stated concerns that a proposed four-story hotel to rise on the former Tower Records Annex turned bike rental parcel at 1196 Columbus Avenue, a development which was originally branded and designed to specifically target millennial travelers, would attract “late-night activity” that would be “incompatible” with... Read More »

Big Bayview Project Permitted to Rise

Big Bayview Project Permitted to Rise

With the 1980s-era plan for the redevelopment of the Bayview Industrial Triangle having just expired, along with its restriction on residential development within said triangle, the approved plans for an 85-unit development to rise up to 65 feet in height along Third Street, between Innes and Jerrold Avenues in... Read More »

Benchmark Mortgage Rate Drops Below 3 Percent

Benchmark Mortgage Rate Drops Below 3 Percent

Having inched down another 5 basis points (0.05 percentage points) over the past week, the average rate for a benchmark 30-year mortgage now measures an unprecedented 2.98 percent, which is not only 83 basis points below its historically low mark at the same time last year but the first... Read More »

Price of Renting a Room Down 16 Percent from Peak

With the weighted average asking price of renting an apartment in San Francisco already down over 10 percent on a year-over-year basis and continuing to drop, the average price for renting “a room” in San Francisco has just slipped to under $1,600 month. For the purposes of our analysis,... Read More »

Infamous Sea Cliff Mansion Slated for Foreclosure, Again

Infamous Sea Cliff Mansion Slated for Foreclosure, Again

On the market for $19.675 million back 2016, having avoided being foreclosed upon by way of a Bankruptcy filing, the seven-bedroom home at 224 Sea Cliff Avenue appeared to have quietly sold for $18.8 million at the end of 2017.  But alas, the sale never actually occurred and was... Read More »

Muted Appreciation for a Modernized Victorian (And Its Past)

Muted Appreciation for a Modernized Victorian (And Its Past)

As we outlined back in June of 2017: Purchased as a 2,136-square-foot home for $1.995 million in 2014, the Cole Valley Victorian at 164 Belvedere Street (which had once been owned by the iconic Rolling Stone photographer Baron Wolman, who photographed Jerry Garcia and Janice Joplin, among others, in... Read More »

Big Landlord Ups the Concession Ante for Signing a New Lease

As we highlighted last month, offers of complimentary rent have been on the rise in San Francisco.  And with the weakness in San Francisco’s rental market accelerating, and Oakland now following suit, a big landlord is upping their rent concession ante while trying to maintain their advertised/base rents. And... Read More »

Number of Homes on the Market in San Francisco Spikes

Number of Homes on the Market in San Francisco Spikes

Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract signings, has jumped another 10 percent over the past week to 1,290, which is 98 percent more inventory on the market as... Read More »

The Numbers Behind a $19 Million Penthouse Build and Lawsuit

The Numbers Behind a $19 Million Penthouse Build and Lawsuit

Having paid $11 million for the unfinished Grand Penthouse shell #2 atop “The Pacific” at 2121 Webster Street, a unit with roughly 3,800 square feet of raw interior space and a 1,520-square-foot terrace, back in 2016, William Wang is now suing the developer of the building, Trumark Urban, and... Read More »