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 »

Angling for a Below Market Rate Switcheroo

Angling for a Below Market Rate Switcheroo

As we outlined back in 2015: Over the objections of the Plaza 16 Coalition, San Francisco’s Planning Commission has approved the plans for a five-story, 27-unit apartment building to rise on the southwest corner of South Van Ness and 17th Street in the Mission. The Coalition had demanded that... Read More »

Rare Yerba Buena Unit Re-Trades Below Its 2015 Price, Again

Rare Yerba Buena Unit Re-Trades Below Its 2015 Price, Again

Purchased for $1.515 million in September of 2015, the upgraded 1,400-square-foot Yerba Buena Loft unit #523 at 855 Folsom Street, which features a private 400-square-foot terrace and “one of the area’s most sought after addresses,” returned to the market priced at $1.595 million last July, a resale at which... Read More »

Index for Bay Area Home Values Inches up to a New High, But…

Index for Bay Area Home Values Inches up to a New High, But…

Having ticked up an upwardly revised 2.1 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up another 0.7 percent in April to a new all-time high, but... Read More »

Most Sub-Million Dollar Homes on the Market in S.F. Since 2016

Most Sub-Million Dollar Homes on the Market in S.F. Since 2016

The number of homes on the market in San Francisco, net of new sales, continues to climb and just crossed the 1,200 mark for the first time in 9-years. In fact, there are now 90 percent more homes on the market than at the same time last year and... Read More »

Pending Home Sales Inch Up in San Francisco, But…

For the first time since San Francisco’s stay-at-home order was issued in March, the number of homes in contract to be sold is effectively even on a year-over-year basis. That being said, the rebound in “pent up” sales activity, which was down nearly 50 percent at its nadir in... Read More »

Pending Home Sales Rebound Nationwide

Pending Home Sales Rebound Nationwide

Following two months of twenty-plus percent declines, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rounded 44.3 percent in May to 99.6 but remains 5.1 percent below its mark at the same time last year... Read More »

Proposal Deadline for Contested Waterfront Lot and Piers

Proposal Deadline for Contested Waterfront Lot and Piers

Responses to the Port of San Francisco’s Request for Proposals (RFP) to redevelop Piers 30-32, which is currently serving as a COVID-19 testing site, and Seawall Lot 330 across the street, upon which the hotly contested Embarcadero Navigation Center was constructed, are due today, June 26. Keep in mind... Read More »