CFAH

Storied Venue Further Reduced Below Replacement Cost

Storied Venue Further Reduced Below Replacement Cost

As we outlined back in September of 2019: Built for an Italian men’s club in 1919, complete with a gym, boxing ring, and private social/supper club space, the ornate “Garibaldi Hall” at 435/443 Broadway, which is now on the market, has a storied history to tell. The roughly 12,000-square-foot... Read More »

Mission District Infill Development Slated to Be Entitled

Mission District Infill Development Slated to Be Entitled

The refined plans for a six-story building with 18 condos over a ground floor commercial space to rise on the Mission District parcel at 2955 Mission Street, upon which a two-story, mixed-use building currently stands, is slated to be approved by the City next week. While originally slated for... Read More »

Nob Hill Project Site Hits the Market Touting Compound Potential

Nob Hill Project Site Hits the Market Touting Compound Potential

As we outlined earlier this year, an application to entitle the development of a modern 7-story, 24-unit building upon the Nob Hill corner parcel currently occupied by two single-family homes, two apartments and the Twin’s Armoire building, a parcel which spans 842-860 California Street and back to 119 Joice,... Read More »

Pace of New Home Sales Plunges, Inventory Hits a 12-Year High

Pace of New Home Sales Plunges, Inventory Hits a 12-Year High

Having dropped a downwardly revised 10.5 percent in March, the seasonally adjusted pace of new single-family home sales in the U.S. fell another 16.6 percent in April and has plunged nearly 30 percent since the start of the year to an annualized rate of 591,000 sales, which is 26.9... Read More »

Number of Homes for Sale in San Francisco Climbs

Number of Homes for Sale in San Francisco Climbs

With the pace of home sales in San Francisco having been down around 15 percent on a year-over-year basis over the past month while listing activity is up, the net number of homes on the market in San Francisco climbed another 6 percent over the past week to 1,250,... Read More »

A Fast “Over Asking!” Sale (At an Early 2017 Price)

A Fast “Over Asking!” Sale (At an Early 2017 Price)

Having hit the market priced at $695,000 just two weeks ago, the resale of the “gorgeous” and “efficient” one-bedroom with a den unit #305 in the Rowan at 338 Potrero Avenue, which “exemplifies modern living,” has already closed escrow with an “over asking” contract price of $760,000! On an... Read More »

Bay Area Employment Slipped Last Month, But…

Bay Area Employment Slipped Last Month, But…

Having increased by 14,300 in the first quarter of 2022, the net number of people living in San Francisco with a paycheck ticked down by 2,900 in April to 555,100.  That being said, there are still 53,100 more employed residents in San Francisco than there were at the same... Read More »

Purchase Activity for New Homes Drops by Double Digits

Purchase Activity for New Homes Drops by Double Digits

Despite the fact that there are now over 30 percent more new homes on the market across the nation than there were at the same time last year and new home inventory in the U.S. is nearing a 14-year high, mortgage loan application volume to purchase one of the... Read More »

Pace of Existing Home Sales in the U.S. Nearing a 2-Year Low

Pace of Existing Home Sales in the U.S. Nearing a 2-Year Low

Having ticked down 2.7 percent in March, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 2.4 percent in April to an annual rate of 5.61 million sales, which was down 5.9 percent on a year-over-year, the ninth straight month with a year-over-year decline, and the... Read More »

Purchase Mortgage Activity in the U.S. Down over 10 Percent

Having ticked up 2 percent last week, mortgage loan application volume across the U.S. has since dropped 11 percent on both an absolute and seasonally adjusted basis, according to data from the Mortgage Bankers Association, with a 12 percent drop in applications to purchase a home. As such, purchase... Read More »