CFAH

If You Think You Know Bernal, Now’s the Time to Tell

If You Think You Know Bernal, Now’s the Time to Tell

Purchased for $1.5 million in November of 2013, the 1,253-square-foot Dwell-ing at 330 Banks Street resold for $1.7 million in February of 2017, representing total appreciation of 13.3 percent over those three and a quarter years on an apples-to-apples basis, despite the “short term hold” and the property being... Read More »

Supersized Tower with a Floating Upper Mass Closer to Reality

Supersized Tower with a Floating Upper Mass Closer to Reality

As we first reported last year, the preliminary plans for a 575-foot-tall, 623-unit apartment tower to rise on the South of Market parcel at 620 Folsom Street hadn’t raised any red flags or Code issues that couldn’t be overcome if the State’s Density Bonus Law was invoked. In fact,... Read More »

Mortgage Rates Rocket Across the Board

Mortgage Rates Rocket Across the Board

The average rate for a benchmark 30-year mortgage jumped another 41 basis points (0.41 percentage points) over the past week to 6.70 percent, an average rate which is 123 percent higher than at the same time last year, 153 percent above last year’s all-time low, and the highest average... Read More »

Pricing Versus Reality

Pricing Versus Reality

As we outlined back in April: Purchased for $2.4 million in September of 2018, the two-bedroom, two-bath unit #40E near the top of the Infinity tower at 338 Spear Street, a 1,588-square-foot unit which features an open floor plan, large bedroom suite, two private decks, panoramic views and a... Read More »

Pace of New Home Sales Rebounds with Lower Prices

Pace of New Home Sales Rebounds with Lower Prices

Having dropped a downwardly revised 8.6 percent in July, the seasonally adjusted pace of new single-family home sales in the U.S. jumped 28.8 percent in August to an annualized rate of 685,000 sales, which is effectively even with the pace of sales at the same time last year but... Read More »

Biggest Drop in Bay Area House Values Since Early 2009

Biggest Drop in Bay Area House Values Since Early 2009

Having ticked down 1.3 percent in June, 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 – dropped 3.5 percent in July, representing the largest month-over-month decline for the index since the first... Read More »

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Purchased for $1.4 million near the top of the previous market cycle in the fourth quarter of 2007 and then upgraded with a new kitchen, custom cabinetry, lighting and other designer finishes in 2008, the upgraded 2,000-sqaure-foot, two-bedroom loft #502 in the converted Hales Warehouse building at 2 Mint... Read More »

Inventory Levels Continue to Climb in San Francisco

Having already jumped by 25 percent over the two weeks prior, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 4 percent to 1,470. As such, there are now over 20 percent more homes on the market in San Francisco... Read More »

Amazing Eureka Valley Home Now Listed for $500K Less

Amazing Eureka Valley Home Now Listed for $500K Less

Speaking of price reductions in San Francisco and a decline in the price per square foot, the list price for the single-family home at 4540 20th Street, a remodeled home which boasts a “prime Eureka Valley location,” a “chef’s kitchen,” and a private “outdoor oasis”/ rear yard, has been... Read More »

Price Reductions Tick Up in S.F., Price Per Square Foot Down

Driven by a pronounced slowdown in the pace of sales and rising inventory levels, the percentage of homes on the market in San Francisco with an asking price that has been reduced at least once has ticked back up two (2) points over the past week to 30 percent,... Read More »