CFAH

Rents in San Francisco Drop, Availability Up

Rents in San Francisco Drop, Availability Up

Having ticked down a percent in October, the weighted average asking rent for an apartment in San Francisco has since dropped another 3 percent to $3,575 per month and has declined for three months in a row with what would appear to be typical seasonality back in play, at... Read More »

North Beach Institution Positioned for Redevelopment

North Beach Institution Positioned for Redevelopment

The quirky 10,572-square-foot structure that occupies an odd-shaped 11,918-square-foot lot at 1040 Columbus Avenue, a parcel that fronts Francisco and Taylor Streets as well and has been home to Kennedy’s Irish Pub & Curry House for over three decades, is on the market for $6.5 million, touting “outstanding upside... Read More »

Inventory, Sales and Prices Drop in San Francisco

Driven by a slowdown in listing activity, the net number of homes on the market in San Francisco dropped 8 percent over the past week but remains 35 percent higher than at the same time last year, with 70 percent more single-family homes on the market and 80 percent... Read More »

Visualizing the Burgeoning Hub District Plan(s)

Visualizing the Burgeoning Hub District Plan(s)

As newly rendered by SOM along with the first two Hub District towers that have risen at 1580 Mission and 30 Otis and already yielded nearly 1,000 units of housing, the modified plans for the three towers to rise at 98 Franklin, One Oak and 10 South Van Ness... Read More »

More Height for Approved Tower sur la Table

More Height for Approved Tower sur la Table

A modification to the approved plans for the French American International School’s 365-foot-tall tower to rise on the parking lot parcel at 98 Franklin Street, at the intersection of Oak, is on the table. As newly proposed and rendered by SOM, with placeholders for One Oak and 10 South... Read More »

Benchmark Mortgage Rate Drops to 6.49 Percent, But…

Benchmark Mortgage Rate Drops to 6.49 Percent, But…

The average rate for a benchmark 30-year mortgage ticked down 9 basis points (0.09 percentage points) over the past week to 6.49 percent, which is only 109 percent higher than at the same time last year and 145 percent higher than last year’s all-time low of 2.65 percent. That... Read More »

Prestigious High-Rise Unit Trades for 23 Percent Less

Prestigious High-Rise Unit Trades for 23 Percent Less

Speaking of “San Francisco’s best condominium project,” the apples-to-apples-to-apples re-sale of the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street has closed escrow. Purchased for $3.25 million in May of 2016, the 1,791-square-foot unit resold for $3.5 million in August of 2019, representing total appreciation... Read More »

New Plans for Approved Swoopy Tower Site and Development

New Plans for Approved Swoopy Tower Site and Development

While the plans for two swoopy towers to rise up to 425 feet in height on the northeast corner of 4th and Townsend were approved back in 2019, the ground has yet to be broken, permitting is on hold and Tishman Speyer is now seeking approval for a new... Read More »

Be Best for Over 20 Percent Less

Be Best for Over 20 Percent Less

Purchased for $3.295 million in June of 2016 and then rented out for what would appear to be around $8,000 per month, the two-bedroom, two-bath unit #34C in the Lumina tower at 338 Main Street, which is “considered San Francisco’s best condominium project,” according to its Compass agents, returned... Read More »

Index for Bay Area Home Values Has Dropped Nearly 12%

Index for Bay Area Home Values Has Dropped Nearly 12%

Having dropped 4.3 percent in August, 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 – fell another 2.9 percent in September. While the San Francisco index is still 2.3 percent higher than... Read More »