Reduced Listings in San Francisco Hit a 9-Year High

The percentage of homes on the market in San Francisco which have undergone at least one official price cut has ticked up another two (2) percentage points over the past two weeks to 23 percent, which is three (3) full percentage points, or 15 percent, higher than at the... Read More »

Bigger Plans for Building Up the Excelsior (And Déjà Vu)

Bigger Plans for Building Up the Excelsior (And Déjà Vu)

Plans to redevelop the Excelsior District gas station site at 4199 Mission Street, which was purchased for $500,000 in 1998, have been in the works since 2007, at which point a four-story, 40-foot-tall building, with 12 condos over 2,000 square feet of ground floor retail space and a garage... Read More »

Upgraded Pac Heights Condo Fetches a 2016 Price

Upgraded Pac Heights Condo Fetches a 2016 Price

Touting “over $800,000 in upgrades” since it was purchased for $1.85 million in 2011, the nearly 2,000-square-foot condo #403 at 1880 Jackson Street, which is a classic Pacific Heights building with a grand lobby and “rich architectural details,” re-sold for $2.527 million in the second quarter of 2016. In... Read More »

Mortgage Rates Inch Down to Even Lower Lows

Mortgage Rates Inch Down to Even Lower Lows

Having inched down another 4 basis points (0.04 percentage points) over the past week, the average rate for a benchmark 30-year mortgage now measures 3.03 percent, which is 72 basis points below its mark at the same time last year, another new all-time low and within 4 basis points... Read More »

Big Development Overlooking Candlestick Slated for Approval

Big Development Overlooking Candlestick Slated for Approval

As we first outlined early last year: Plans for 20 new residential buildings to rise on a vacant 7-acre slice of land fronting Jamestown Avenue, a former Candlestick Park parking lot which overlooks the massive Candlestick Point redevelopment which is now underway below, have been drafted by Hunt Hale... Read More »

Signs of Weakness in Oakland’s Rental Market Emerge

While rents in Oakland held relatively firm over the past quarter, particularly in relation to the market in San Francisco, signs of weakness are starting to emerge. In addition to an uptick in listing activity over the past couple of weeks, the weighted average asking rent for an apartment... Read More »

Weakness in San Francisco’s Rental Market Is Accelerating

Weakness in San Francisco’s Rental Market Is Accelerating

Despite the fact that the weighted average asking rent for an apartment in San Francisco is already down over 10 percent on a year-over-year basis and offers of complimentary rent are on the rise, vacancy rates are still ticking up and the number of apartments listed for rent in... Read More »

Redevelopment of Decade-Old Pit (Somewhat) Closer to Reality

Redevelopment of Decade-Old Pit (Somewhat) Closer to Reality

Plans for a 25-unit development to rise up to 65 feet in height on the 14-year-old pit in the ground at 1145 Mission Street could be approved this week with the developer having just ‘volunteered’ to include four (4) units of below market rate (BMR) housing on-site – versus... Read More »

Twice as Many Homes on the Market in San Francisco

Having hit a 9-year high in the absolute last week, the number of homes on the market in San Francisco ticked down 3 percent over the past week to 1,170 with typical seasonality in play. That being said, there are now 101 percent more homes on the market than... Read More »

Benchmark Mortgage Rate Nearing an Unprecedented Mark

Benchmark Mortgage Rate Nearing an Unprecedented Mark

The average rate for a benchmark 30-year mortgage dropped another 6 basis points (0.06 percentage points) over the past week to 3.07 percent.  That’s a new all-time low for the average 30-year rate, 68 basis points below the average rate at the same time last year, and within 8... Read More »