Apples-to-Apples for an Efficient Hayes Valley Two-Bedroom

Apples-to-Apples for an Efficient Hayes Valley Two-Bedroom

Purchased for $1,069,433 four years ago in September of 2016, the top-floor, two-bedroom corner unit #605 at 388 Fulton Street hit the market in Hayes Valley listed for $998,000 this past July. The efficient 720-square-foot unit features westerly views, with an open galley kitchen, modern finishes and access to... Read More »

Pace of Home Sales in the U.S. Hits a 14-Year High

Having jumped nearly 25 percent in July, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.4 percent in August to an annual rate of 6.00 million sales, a pace which is 10.5 percent higher than at the same time last year and an effective 14-year... Read More »

Number of Homes for Sale in San Francisco Jumps

Number of Homes for Sale in San Francisco Jumps

Having ticked up another 8 percent over the past week, the number of homes on the market in San Francisco, net of new sales and contract activity, has jumped over 15 percent since the end of August and crossed over the 1,800 mark for the first time in a... Read More »

Plans to Expand and Convert the Bro’s Building on Stockton

Plans to Expand and Convert the Bro’s Building on Stockton

Designed by Albert Pissis and built to house the Roos Bro’s clothing and gent’s furnishings business back in 1907, the four-story building at 2 Stockton Street, which was most recently occupied by Forever 21 and was once home to Grodins as well, was “streamlined” in the 1930’s and then... Read More »

Number of Reduced Listings Nearing a 10-Year High in S.F.

With the gap between the average list price per square foot of the homes on the market in San Francisco and those which are in contract having doubled over the past month, the percentage of homes on the market with a list price that has been reduced at least... Read More »

A Luxe Two-Bedroom with Views Trades for $232K Less

A Luxe Two-Bedroom with Views Trades for $232K Less

Purchased for $2,132,111 in December of 2017, the “luxe” two-bedroom, two-bath unit #25A in the Lumina tower at 201 Folsom Street, with “wrap-around floor-to-ceiling windows” and “awe-inspiring panoramic views,” returned to the market priced $2.5 million in August of 2018. Re-listed for $2,488,000 early last year, around the time... Read More »

Rents in San Francisco Drop Even More, But…

Rents in San Francisco Drop Even More, But…

Having slipped to just under $3,600 last month, the weighted average asking rent for an apartment in San Francisco has since dropped another 5 percent to $3,425, which is now down 20 percent on a year-over-year basis and 23 percent below a 2015-era peak, driven by a sharp increase... Read More »

Bay Area Employment Still Down by 400K, Labor Force Dropping

Bay Area Employment Still Down by 400K, Labor Force Dropping

While the estimated number of people living in San Francisco with a paycheck increased by 5,900 in August to 515,900, the labor force shrank by 7,800 to 565,700 for an unemployment rate of 8.8 percent (versus 9.4 percent at the height of the Great Recession). As such, while employment... Read More »

High-End Loft Reduced 27 Percent, Going the “Auction” Route

High-End Loft Reduced 27 Percent, Going the “Auction” Route

As we highlighted in June of last year: We’ve been intrigued by the truly high-end conversion of unit #102 at 355 Bryant Street since the 2,200-square-foot loft hit the market listed for $2.195 million, or roughly $1,000 per square foot, back in 2006, outfitted with Italian cabinetry, hardware, wall... Read More »

Benchmark Mortgage Rate Holds, Short-Term Rate Drops

Benchmark Mortgage Rate Holds, Short-Term Rate Drops

With the Fed’s affirmation of a prolonged low-rate environment already priced in, the average rate for a benchmark 30-year mortgage effectively held over the past week, inching up a single basis point to 2.87 percent, which is 86 basis points below its mark at the same time last year... Read More »