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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »