Number of Homes on the Market in San Francisco Spikes
Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract signings, has jumped…
The Numbers Behind a $19 Million Penthouse Build and Lawsuit
Having paid $11 million for the unfinished Grand Penthouse shell #2 atop “The Pacific” at 2121 Webster Street, a unit with roughly 3,800 square feet of raw interior space and…
Reduced Listings in San Francisco Hit a 9-Year High
The percentage of homes on the market in San Francisco which have undergone at least one official price cut has ticked up another two (2) percentage points over the past…
Bigger Plans for Building Up the Excelsior (And Déjà Vu)
Plans to redevelop the Excelsior District gas station site at 4199 Mission Street, which was purchased for $500,000 in 1998, have been in the works since 2007, at which point…
Upgraded Pac Heights Condo Fetches a 2016 Price
Touting “over $800,000 in upgrades” since it was purchased for $1.85 million in 2011, the nearly 2,000-square-foot condo #403 at 1880 Jackson Street, which is a classic Pacific Heights building…
Mortgage Rates Inch Down to Even Lower Lows
Having inched down another 4 basis points (0.04 percentage points) over the past week, the average rate for a benchmark 30-year mortgage now measures 3.03 percent, which is 72 basis…
Big Development Overlooking Candlestick Slated for Approval
As we first outlined early last year: Plans for 20 new residential buildings to rise on a vacant 7-acre slice of land fronting Jamestown Avenue, a former Candlestick Park parking…
Signs of Weakness in Oakland’s Rental Market Emerge
While rents in Oakland held relatively firm over the past quarter, particularly in relation to the market in San Francisco, signs of weakness are starting to emerge. In addition to…
Weakness in San Francisco’s Rental Market Is Accelerating
Despite the fact that the weighted average asking rent for an apartment in San Francisco is already down over 10 percent on a year-over-year basis and offers of complimentary rent…
Redevelopment of Decade-Old Pit (Somewhat) Closer to Reality
Plans for a 25-unit development to rise up to 65 feet in height on the 14-year-old pit in the ground at 1145 Mission Street could be approved this week with…