South Beach Apples-to-Apples and Return(s)
Priced at $1,249,000 million in 2015, which was in-line with the pricing and sales for other units in the building at the time, the 788-square-foot, one-bedroom unit #601 at 72…
Number of Homes on the Market in S.F. Ticks Up, Prices Down
The net number of single-family homes and condos on the market ticked up another (1) percent over the past week with the number of new listings having outpaced sales. As…
Bay Area Employment and Labor Force Drop to Mid-2015 Levels
Having increased by an upwardly revised 1,500 in March, the net number of San Francisco residents with a job dropped by 5,400 in April to 533,700. As such, there are…
Classic West Side Home Reduced, Listed at a Loss
Purchased for $1.750 million in September of 2022, which was $45K “under asking” at the time, the classic three-bedroom, two-bath home at 2627 30th Avenue, “steps from Pine Lake Park…
Benchmark Mortgage Rate Drops to Just Over 7 Percent
Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked down 7 basis points to 7.02 percent over the past…
Apples To Apples
Bay Buildings
Listings (for sale)
Neighborhoods
Real Estate Economics
RealRecentReductions
Trends
Contemporary SoMa Condo Re-Listed for Nearly 40 Percent Less
As we outlined last year, the 624-square-foot, one-bedroom unit #502 at 99 Rausch, which was purchased for $880,000 in May of 2019, establishing a new “comp” for other neighborhood sales…
Pace of New Home Sales Activity Ticks Up, Loan Size Holds
With inventory levels now 45 percent higher than prior to the pandemic, having hit a 16-year high in March, mortgage application volume for new home purchases in the U.S. ticked…
Purchase Mortgage Activity Ticks Back Down
Purchase mortgage application volume in the U.S. ticked back down 2 over the past week, both in the absolute on a seasonally adjusted basis, and was down 14 percent on…
East Bay
Industry Stuff
Listings (for sale)
Neighborhoods
RealRecentReductions
Remodeling and Renovation
Trends
Hot Piedmont Home Reduced, Re-Listed, Reduced Again
Modernized without being “white-boxed” or stripped of its period details and charm, the Grand Tudor on a elevated corner Piedmont lot at 35 Muir Avenue hit the market priced at…
Inventory Levels Still Ticking Up in San Francisco
As we noted last week, the net number of single-family homes and condos on the market in San Francisco was ticking up from a 13-year seasonal high, “driven by a…