CFAH

Apples-to-Apples for a Redeveloped Russian Hill View Home

Apples-to-Apples for a Redeveloped Russian Hill View Home

Completely redeveloped in 2014, “with sleek designer finishes and innovative architecture to create a seamless indoor/outdoor experience and showcase stunning Bay and Alcatraz views,” the now 5-bedroom home at 740 Bay Street sold for $4.5 million, or roughly $1,273 per square foot, that August. Featuring a top-floor great room,... Read More »

Number of Homes for Sale in San Francisco Inches Down

As projected, the number of homes on the market in San Francisco inched down a (1) percent over the past week to 1,220, down from a high-water mark of 1,240 in 2021 and 2,010, which was a two-decade high, last year. While listed inventory levels are down nearly 40... Read More »

430K Bay Area Jobs Have Been Recovered, 220K Left to Go

430K Bay Area Jobs Have Been Recovered, 220K Left to Go

Having slipped by (an upwardly revised) 2,400 in August, the number of people living in San Francisco with a paycheck increased by 6,300 in September to 535,700, dropping the unemployment rate to 4.1 percent with 42,500 more employed residents in the city than there were at the same time... Read More »

Contentious Corona Heights Infill on the Boards and Calendar

Contentious Corona Heights Infill on the Boards and Calendar

Acquired along with the early 1900’s home at 245 Upper Terrace for $1.25 million in 2002, plans to demolish the detached, 351-square-foot garage, which sits on a separate parcel tagged 247 Upper Terrace, have been drawn. And as envisioned, a modern 4,081-square-foot, five-level structure could rise on the down... Read More »

Rebound in Oakland Rents Has Stalled

Rebound in Oakland Rents Has Stalled

Having ticked up in late August, the weighted average asking rent in Oakland has since held at around $2,400 a month, with the average asking rent for a one-bedroom in the city having effectively held at $2,000 a month since the third quarter of last year. As such, while... Read More »

Pace of Existing Home Sales in the U.S. Ascends, But…

Pace of Existing Home Sales in the U.S. Ascends, But…

Having dropped 2.0 percent in August, the seasonally adjusted pace of existing-home sales across the U.S. rose 7.0 percent in September to an annual rate of 6.29 million sales. That being said, sales were down on a year-over-year basis for the second month in a row, dropping 2.3 percent... Read More »

Supersized Twin Peaks Infill Project Slated for Approval

Supersized Twin Peaks Infill Project Slated for Approval

Purchased for $800,000 in August of 2019, the seemingly shoehorned Twin Peaks parcel at 4512 23rd Street, which technically fronts a little known spur of 23rd Street and Argent Alley, between Market Street and Corbett Avenue, measures 3,027 square feet and is zoned for the development of up to... Read More »

Mortgage Loan Application Volumes Drop

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.3 percent on a seasonally adjusted basis over the past week and were down 6 percent in the absolute, including a 7 percent drop in refinancing activity and a 5 percent drop in applications... Read More »

Housing Dropped from Approved Dogpatch Plans

Housing Dropped from Approved Dogpatch Plans

As we outlined back in 2018, plans to raze the two-story Dogpatch building on the northwest corner of 20th and Illinois, which is home to Jim’s Smoke Shop and Deli, were slated to be approved. And as proposed by Workshop1, a six-story building was to rise up to 68... Read More »

Purchase Mortgage Activity for New Homes in the U.S. Drops

While inventory levels hit a 13-year high in August, and were up over 30 percent on a year-over-year basis, mortgage application volumes to purchase new homes in the U.S. dropped 4 percent in September and were down over 16 percent on a year-over-year basis, according to the Mortgage Bankers... Read More »