While the Mark Company’s Pricing Index for new construction condominiums in San Francisco has ticked up for the first time in six months, increasing 4 percent from January to February, it remains a nominal 2 percent higher on a year-over-year basis for the second month in a row, which has steadily slipped from a 20 percent year-over-year gain in August (at which point we first reported a significant slowdown in sales).
And in terms of inventory, there are currently 666 new condominiums for sale in San Francisco, which is 6 percent lower versus the same time last year but 2 percent higher versus the month before and versus 14 percent lower on a year-over-year basis in January, with 8,700 net-new units of housing under construction in San Francisco and building permits for another 12,900 units either issued, approved or in the works.
Chalk off one doughnut on demand company.
So it begins…”The only question left: Who’s next?”
“While the Mark Company’s Pricing Index for new construction condominiums in San Francisco has ticked up for the first time in six months, increasing 4 percent from January to February, it remains a nominal 2 percent higher on a year-over-year basis for the second month in a row, which has steadily slipped from a 20 percent year-over-year gain in August, at which point we first reported a significant slowdown in sales.”
This may be the worst run-on sentence we’ve ever seen from our loyal editor.
I’m not sure multiple clauses count as run-on. . . .
It is slightly endearing, and gives the blog a certain nerdy personality. Sometimes, however, you do need to work hard to parse the meaning.
I was out of breath reading it.