While the plans for a 40-story, 319-unit tower to rise up to 420 feet in height at the intersection of Market, Oak and Van Ness Avenue were were approved back in 2017, the signature “One Oak” project has yet to break ground. And with the entitlements for the tower... Read More »

Purchased for $1.35 million this past March, plans to raze the 1,045-square-foot, single-family home which sits on a 3,436-square-foot lot at 2083 Ellis Street are in the works. And as envisioned and roughly massed below, a six-story building could rise up to 66 feet in height upon the site,... Read More »

While 69 percent of San Francisco residents have been fully vaccinated for COVID-19, and another 7 percent of the population has received their first dose of the vaccine, the Covid-19 case rate in San Francisco has spiked from an average of under 15 new cases per day in June... Read More »

Having rebounded in May, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity dropped 1.9 percent in June to 112.8 and is down 1.9 percent on a year-over-year basis, a move which shouldn’t catch any plugged-in... Read More »

While the average rate for a benchmark 30-year mortgage inched up 2 basis points (0.02 percentage points) over the past week to 2.80 percent, it remains 19 basis pointsd below its mark at the same time last year and within 15 basis points of its all-time low rate of... Read More »

Originally priced at $11.495 million, to which a $1.55 million “buildout incentive” was subsequently attached, prior to a series of outright price reductions, the sale of the 5,700-square-foot penthouse shell #41A atop the LUMINA tower at 201 Folsom Street has finally closed escrow with a contract price of $6.0... Read More »

Mortgage loan application volume in the U.S. ticked up 6 percent over the past week, according to the Mortgage Bankers Association. But with the benchmark 30-year mortgage rate back under 3 percent and nearing its all-time low, the uptick was driven by applications to refinance. And in fact, while... Read More »

Having gained 3.3 percent in April, 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 2.6 percent in May and is now up 18.2 percent on a year-over-year basis,... Read More »

The seasonally adjusted pace of new single-family home sales in the U.S. dropped 6.6 percent in June to an annualized rate of 676,000 sales, which is 19.4 percent lower than at the same time last year, down 31.9 percent since the start of this year and the slowest pace... Read More »

Driven by a drop in listing activity, as is typical for this time of the year, the net number of homes on the market across San Francisco ticked down 4 percent over the past week to 950. And as such, listed inventory is now down 30 percent on a... Read More »