Index for Bay Area Home Values Ticks Up, Condos Down YOY

Index for Bay Area Home Values Ticks Up, Condos Down YOY

Having ticked up a downwardly revised 2.0 percent in March, 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 – ticked up another 1.6 percent in April. And while the index remains 0.4... Read More »

Pace of New Home Sales in the U.S. Takes Another Hit

Having dropped a downwardly revised 3.7 percent in April, the pace of new single-family home sales in the U.S. shed another 7.8 percent in May to a seasonally adjusted rate of 626,000 sales, which is 3.7 percent below the pace of sales at the same time last year. At... Read More »

Big Plans for Shuttered Nightclub Site

Big Plans for Shuttered Nightclub Site

Having been shuttered back in 2016, the sale of the Club Tapatio building at 4742 Mission Street, which once housed the Rock Garden and Club New Yorker as well, closed escrow last month. Plans to raze the longstanding club to make way for a seven-story residential building to rise... Read More »

Light House Condo now Listed at a Larger Seven-Figure Loss

Light House Condo now Listed at a Larger Seven-Figure Loss

Purchased for $6.495 million in April of 2016, the 5,493-square-foot “Light House” condo at 651 Dolores Street, one of four condos within the converted Second Church of Christ Scientist, across from Dolores Park, returned to the market in August of 2017 with a $6.795 million price. Reduced to $6.349... Read More »

Number of Homes for Sale in SF Holds, Pending Sales Down

While effectively unchanged over the past week, as expected, the number of homes on the market in San Francisco (710) is now running roughly even with the same time last year. At the same time, pending sales activity in the city remains down and has been running an average... Read More »

Taller Transbay District Tower Seeking Approval

Taller Transbay District Tower Seeking Approval

As originally proposed, the five-story building at 95 Hawthorne Street, which formerly housed the San Francisco Passport Agency, was to be razed in order to make way for a 32-story residential building to rise up to 320 feet in height, the height for which the building’s parcel on the northeast... Read More »

Bay Area Unemployment Hits a Record Low as Growth Slows

Bay Area Unemployment Hits a Record Low as Growth Slows

The unemployment rate in San Francisco has dropped to a record low of 1.9 percent, with the ranks of the employed having increased by 2,900 to 569,300 in May. That being said, the ranks of the employed are still down by 6,100 from February’s record high and the rate... Read More »

Refined Plans for a 35-Story Oakland Tower (And More)

Refined Plans for a 35-Story Oakland Tower (And More)

As proposed and rendered along with a placeholder for the approved 24-story development to rise at 2270 Broadway, the building permits for which are in the works, the refined plans for a 35-story tower to rise on the parking lot parcel at 88 Grand Avenue, on the southern border... Read More »

Pace of Existing Home Sales in the U.S. Ticks Up

Pace of Existing Home Sales in the U.S. Ticks Up

Having slipped 0.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.5 percent in May to an annual rate of 5.34 million transactions but remains 1.1 percent below its mark at the same time last year, according to the National Association of... Read More »

Mega-Project Has (Partially) Broken Ground

Mega-Project Has (Partially) Broken Ground

Approved by Planning back in 2015 but waylaid by legal challenges, the ground for the massive 5M Project – which spans a 4-acre South of Market site stretching from Mission to Howard and Fifth to Mary – has officially broken ground. Now championed by Brookfield Properties, which acquired Forest City... Read More »