Average Rent in San Francisco Dropped $1,000 In 2020

Average Rent in San Francisco Dropped $1,000 In 2020

With the average asking rent for a one-bedroom apartment in San Francisco having dropped 23 percent over the past year to under $2,700 a month and the average asking rent for a studio having dropped even more, the weighted average asking rent for an apartment in the city, which... Read More »

COVID-19 Case Rate in San Francisco Hits a New High [UPDATED]

COVID-19 Case Rate in San Francisco Hits a New High [UPDATED]

The average number of daily new COVID-19 cases diagnosed in San Francisco, which had dropped to under 30 in October, ticked up to a new pandemic high of 288 as of last week, which is a 162 percent increase in the daily case rate over the past month alone... Read More »

A “Condo Alternative” Cottage Slips Below Its 2016 Price

A “Condo Alternative” Cottage Slips Below Its 2016 Price

Purchased for $675,000 in January of 2014, the light-filled, one-bedroom cottage at 4353 17th Street, which sits above the Castro in Corona Heights, returned to the market priced at $995,000 in August of 2016 and sold for $915,000, or roughly $1,336 per square foot, that November, representing total appreciation... Read More »

More Units for Fewer Residents Closer to Reality

More Units for Fewer Residents Closer to Reality

As we first reported earlier this year, a proposed revision to the previously approved plans for a new 13-story, mixed-use building to rise on the site of the columned Fifth Church of Christ, Scientist at 450 O’Farrell Street was in the works, a revision which would yield around 300... Read More »

San Francisco’s Housing Pipeline Held in Q3

San Francisco’s Housing Pipeline Held in Q3

With new permitting and entitlement activity having effectively ground to a halt in the third quarter of this year while construction crews continued to work and deliver new units, the net pipeline of new apartments and condos under development in San Francisco inched down half a percent to just... Read More »

Pace of Home Sales in the U.S. Slips, Mix Drives Median Price Up

Pace of Home Sales in the U.S. Slips, Mix Drives Median Price Up

Having hit a 14-year high in October, the seasonally adjusted pace of existing-home sales across the U.S. slipped 2.5 percent in November to an annual rate of 6.69 million sales, which is still 25.8 percent higher than at the same time last year but represents the first slip since... Read More »

A Misleading Drop in the Bay Area Unemployment Rate

A Misleading Drop in the Bay Area Unemployment Rate

Despite the unemployment rate in San Francisco having declined from 6.7 percent in October to 5.7 percent in November, the number of people living in San Francisco with a paycheck actually dropped by 6,600 last month to 534,100, which is 44,000 fewer employed residents than at the same time... Read More »

Inventory Down in the Absolute but Up Nearly 3X Year-Over-Year

With the seasonal culling of unsold inventory in full swing, the net number of homes listed for sale in San Francisco dropped another 13 percent over the past week to 1,090 and will likely drop another 25-30 percent through the end of the year before climbing in January. That... Read More »

Apples-to-Apples in the Heart of Hayes Valley

Apples-to-Apples in the Heart of Hayes Valley

Billed as the “ultimate urban oasis for the savvy buyer,” the top floor, two-bedroom, two-bath unit #502 at 300 Ivy Street, a LEED Platinum development in the heart of “trendy Hayes Valley,” sold for $1.315 million in September of 2015. In addition to a “bright and open living area,... Read More »

An Unpermitted Reskin and Resultant Surprise

An Unpermitted Reskin and Resultant Surprise

Purchased as a little two-unit building with “old world charm” for $2.175 million in April of 2018, permits to expand and remodel the two units at 842-844 Lyon Street were secured that June and the building was soon under wraps. Having returned to the market as two “spectacularly remodeled”... Read More »