Change of Plans for Development to Transform Tenderloin Block

Change of Plans for Development to Transform Tenderloin Block

As we first revealed last year: Plans to redevelop the Tenderloin parcel upon which the columned Fifth Church of Christ, Scientist sits at 450 O’Farrell Street were approved , with designs for a new 13-story, mixed-use building to rise behind the church’s existing façade, and around... Read More »

Historic Mission District Garage Back in Play

Historic Mission District Garage Back in Play

As referenced by a plugged-in reader, the Spanish Infusion School, which was formerly known as Marin Prep, has formally abandoned its plans to convert the “Superior” Mission District garage at 3140-3150 16th Street into a private elementary school. According to a representative for the project, “the reality of the... Read More »

Pace of New Home Sales in the U.S. Ended 2019 Up

Pace of New Home Sales in the U.S. Ended 2019 Up

Having ticked down a percent in November, the pace of new single-family home sales in the U.S. slipped 0.4 percent in December to a seasonally adjusted annual rate of 694,000 sales but ended the year at a pace of sales which was 23 percent higher than at the end... Read More »

Hidden Earthquake Cottage Trades for $535K

Hidden Earthquake Cottage Trades for $535K

Built as an Earthquake Cottage circa 1907 and hidden behind a fence and foliage, the roughly 1,000-square-foot Excelsior District home on a 2,495-square-foot lot at 228 Athens Street hit the market priced at $888,000 two months ago. According to its listing, the home is currently configured with a large... Read More »

Inventory Levels Poised to Jump in San Francisco

Inventory Levels Poised to Jump in San Francisco

While the number of homes on the market in San Francisco has stated ticking up, inventory levels are currently running around 15 percent lower than at the same time last year. That being said, the year-over-year decline in inventory levels is currently being driven by an even greater year-over-year... Read More »

Stunning Russian Hill Apartment Now Listed for 52 Percent Less

Stunning Russian Hill Apartment Now Listed for 52 Percent Less

As we detailed in the third quarter of 2018: Purchased by an art collector for $1.55 million in August of 2003, the 3,070-square foot Russian Hill cooperative unit #6 at 947 Green Street was gutted and completely transformed into a stunning “European-Deco inspired masterpiece” with views by LeavittWeaver. Featuring... Read More »

Bay Area Employment Slows Its Roll

Bay Area Employment Slows Its Roll

The number of people living in San Francisco with a paycheck was effectively unchanged from November to December and is now holding around a record 580,000 with an unemployment rate of 1.9 percent. As such, there are now 6,200 more people living in the city with paychecks than there... Read More »

Infill on the Boards for Skinny Mission Street Site

Infill on the Boards for Skinny Mission Street Site

Plans for a skinny, nine-story infill building to rise on the Bayanihan building’s parking lot parcel at 1010 Mission Street, which stretches to Jessie, between 6th and 7th, are in the works. And as envisioned, the 85-foot-tall development could yield a total of 58 new “single-room occupancy” (SRO) units,... Read More »

Mortgage Rates Drop, Odds of a Cut Tick Up

Mortgage Rates Drop, Odds of a Cut Tick Up

The average rate for a 30-year mortgage has inched down another 4 basis points over the past two weeks to 3.60 percent, which is 85 basis points (0.85 percentage points) below its mark at the same time last year, a 15-week low and within 20 basis points of a... Read More »

Studio(s) Space on the Market in SoMa with a $4.2M Price Tag

Studio(s) Space on the Market in SoMa with a $4.2M Price Tag

Having started in the Mission back in 1984, “San Francisco’s premier professional music rehearsal studios” moved to Western SoMa back in 1992 and changed its name to Lennon Studios. The two-story, 7,500-square-foot warehouse building at 468 9th Street which Lennon now occupies is currently configured with an auditorium/sound stage,... Read More »