Inventory Levels Hold, Asking Prices Drop in San Francisco [UPDATED]
The net number of single-family homes and condos on the market in San Francisco was unchanged over the past week and remains 1 percent higher than at the same time…
Drop in Labor Force Driving Unemployment Rates Down
Having dropped by 5,400 in April, the net number of San Francisco residents with a job dropped inched back up by 400 in May to 534,100 but was still down…
Classic Lake District TIC Trades Down
Purchased for $1.450 million in August of 2019, the updated but not “white-boxed,” two-bedroom, two-bath Lake District unit at 4504 California Street returned to the market priced at $1.395 million…
Amazing Mission District Loft Fetches Over $1K Per Foot! But…
Purchased for $1.15 million in March of 2020, which was the same price the top-floor Mission District loft fetched in August of 2017, as pictured below, the “amazing,” 949-square-foot unit…
Listing Activity Drops in San Francisco, Average Asking Price Down
Driven by a drop in new listing activity versus a spike in sales, the net number of single-family homes and condos on the market in San Francisco ticked down 2…
Fresh Prices Abound in San Francisco
As we outlined earlier this week, price reductions are on the rise in San Francisco. Or in euphemistic industry speak and marketing, “fresh prices” abound. Speaking of which, the “FRESH…
Austin, Do We Have Another Problem?
Purchased for $710,500 in December of 2017, the 442-square-foot, north-facing studio #207 in The Austin at 1545 Pine Street (“one of Van Ness & Civic Center’s most coveted developments”) briefly…
Benchmark Mortgage Rate Inches Down, Poised to Drop
Measured prior to yesterday’s affirmation by the Fed, the average rate for a benchmark 30-year mortgage inched down 4 basis points (0.04 percentage points) over the past week to 6.95…
The Fed Affirms, Again
As we outlined last month, based on an analysis of the futures market, the expected value of the Fed’s rate cuts over the next six months had dropped, with an…
Charming Cow Hollow Condo Reduced, Listed at a Loss
Purchased for $725,000 in October of 2004, the charming two-bedroom Cow Hollow condo at 2286 Filbert Street resold for $855,000 in March of 2007, up 17.9 percent despite the “short-term…