CFAH

Pending Home Sales in S.F. “Jump” From a 6-Year Low

Having dropped to a six-year low in the absolute last month, the net number of homes in contract to be sold across San Francisco has since jumped nearly 50 percent, driven by typical seasonality. That being said, pending sales are still down over 30 percent on a year-over-year basis... Read More »

Average Asking Rent in S.F. Ticks Up, Inflation Slows

Average Asking Rent in S.F. Ticks Up, Inflation Slows

Having slipped at the end of last year with typical seasonality in play, the weighted average asking rent for an apartment in San Francisco ticked up 2 percent in January to $3,550 per month, which was less than 5 percent higher than at the same time last year and... Read More »

Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.09 percent and is currently poised to slip back under 6 percent next week with the 10-year treasury rate having ticked down around 10 basis points following... Read More »

Nothing to See Here, It’s Just Another Data Point

Nothing to See Here, It’s Just Another Data Point

Purchased for $953,883 in September of 2016, a price which was in-line with the pricing for the other 68 units in the new collection of city homes at 388 Fulton Street, “in our beloved Hayes Valley, SF’s most desirable, lovable, walkable neighborhood,” the two-bedroom, 743-square-foot unit #213 features... Read More »

Purchase Mortgage Activity Drops Despite Decline in Rates

Despite a drop in the average 30-year mortgage rate to a 4-month low, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. dropped 10 percent last week, pushing the year-over-year decline in purchase activity back over 40 percent, according to... Read More »

A Modern Day Classic Fetches Nearly $800K Less

A Modern Day Classic Fetches Nearly $800K Less

Built in 1970 and since “transformed into a modern day classic,” the 4,057-square-foot West Clay Park home at 164 24th Avenue, which features a mid-century modern vibe and ethos, with some beautiful woodwork, a retractable central skylight and views of the Golden Gate Bridge from the home’s main bedroom... Read More »

Index for Bay Area Homes Has Dropped Over 14%, Down YOY

Index for Bay Area Homes Has Dropped Over 14%, Down YOY

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 down another 1.6 percent in November.  As such, the “San Francisco” index has dropped over 14 percent since last May. And as... Read More »

Redevelopment of “Junky” Nob Hill Theater Closer to Reality

Redevelopment of “Junky” Nob Hill Theater Closer to Reality

Purchased by a doctor for $2.7 million in 2018 and subsequently shuttered, the revised plans for redeveloping the iconic Nob Hill “Touch our Junk” Theater at 729 Bush Street, which had operated as a gay night club and male porn venue for 50 years, were conditionally approved last month.... Read More »

Listed Inventory Levels Tick Up

As expected, the net number of condos and single-family homes listed for sale in San Francisco ticked up another 7 percent over the past week and is poised to climb, with inventory levels 20 percent higher than at the same time last year, including 50 percent more single-family homes,... Read More »

Bay Area Population Revised Down, S.F. Shrank the Most

Bay Area Population Revised Down, S.F. Shrank the Most

Having just been revised down, the estimated population of San Francisco proper decreased by 4,356 from July of 2021 (838,402) to July of 2022 (834,046) and is down by 36,084 or 4.1 percent since July of 2020, representing the largest percentage decline in population across all nine Bay Area... Read More »