CFAH

Bonus-Sized Development Approved, Seeking a Buyer to Build

Bonus-Sized Development Approved, Seeking a Buyer to Build

Having been entitled last month, the supersized plans for a 50-unit development to rise up to 65 feet in height on the shuttered Mission District garage site at 1721 15th Street has now joined the growing list of approved developments across the city for which a buyer is being... Read More »

Over 40% More Sub-Million Dollar Homes on the Market in SF

While the net number of condos and single-family homes listed for sale in San Francisco (1,160) ticked down 2 percent over the past week, as is typical for the first week of August, there are still over 30 percent more homes on the market than there were at the... Read More »

Another Fully-Approved, Unbuilt Development Hits The Market

Another Fully-Approved, Unbuilt Development Hits The Market

While plans to raze the shuttered Schwarz/Home/Engelhart sausage outlet at 1726-1730 Mission Street and develop a six-story building upon the Mission District site were approved back in 2017, and building permits for the project were approved and issued the next year, the ground has yet to be broken. As... Read More »

Benchmark Mortgage Rates Plunges Back Under 5 Percent

Benchmark Mortgage Rates Plunges Back Under 5 Percent

Despite the Fed’s recent rate hikes, the average rate for a benchmark 30-year mortgage had plunged from 5.81 to 4.99 percent over the past six weeks, including a 31 basis point (0.31 percentage point) drop over the past week alone, driven by an “increased risk of a formal recession... Read More »

Surreptitious Plans to Fell The Royal Oak

Surreptitious Plans to Fell The Royal Oak

Opened in 1975 and shuttered by the pandemic, the Royal Oak bar and two-story building at 2201 Polk Street, on the northwest corner of Polk and Vallejo, hit the market listed for $8.5 million last year. While the Royal Oak doesn’t appear to have sold, or at least closed... Read More »

Asking Rents in San Francisco Jump, Poised to Rise

Asking Rents in San Francisco Jump, Poised to Rise

Having hit $3,575 at the end of June, the weighted average asking rent for an apartment in San Francisco has since jumped another 5 percent to $3,750 a month, which is still 11 percent higher than at the same time last year, which is unchanged from June, but nearly... Read More »

Discounted San Francisco Shipyard Condo Trades Down

Discounted San Francisco Shipyard Condo Trades Down

Priced by the sales office at $600,500, relative to the other units in the second wave of development at the San Francisco Shipyard, the list price for the 611-square-foot, one-bedroom #308 at 555 Innes Avenue was reduced to $580,000 or roughly $949 per square foot in November of 2017,... Read More »

De-Mergified Home Trades for $4.5 Million

De-Mergified Home Trades for $4.5 Million

As we outlined, with graphics, back in January, at which point a pending sale of the “four-bedroom home” had been removed from the MLS: Purchased as a little two-unit building at the peak of Potrero Hill for $720,000 in February of 2012, 882-888 Carolina Street was subsequently expanded and... Read More »

Inventory in San Francisco Is Up 30 Percent, Sales Drop

While the net number of single-family homes and condos for sale in San Francisco inched down a little under a percent over the past week to 1,180, inventory levels typically drop closer to 10 percent at the end of July based on historic seasonality and late summer slowdowns. And... Read More »

Fraudster’s Luxuriously Crafted Townhome Forfeited, Reduced

Fraudster’s Luxuriously Crafted Townhome Forfeited, Reduced

Purchased by a former Cisco Executive for $3.5 million in 2016 with funds that appear to have been acquired by way of an illegal kickback scheme, the 2,888-square-foot townhome unit #108 at The Pacific (a.k.a. 2121 Webster Street) was forfeited to the U.S. Government this past April and listed... Read More »