CFAH

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.

Comments from Plugged-In Readers

  1. Posted by Hibernatus Ursus Majoram

    Chalk off one doughnut on demand company.

    So it begins…”The only question left: Who’s next?”

  2. Posted by soccermom

    “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.

    • Posted by OtherDan

      I’m not sure multiple clauses count as run-on. . . .

    • Posted by curmudgeon

      It is slightly endearing, and gives the blog a certain nerdy personality. Sometimes, however, you do need to work hard to parse the meaning.

    • Posted by primeminister

      I was out of breath reading it.

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