Articles Filed Under: Bubble (Or Not)

(425 posts)

Pending Home Sales in San Francisco Haven’t Rebounded

While Bay Area home sales plunged nearly 20 percent on a year-over-year basis in September, to an 11-year seasonal low, home sales in San Francisco were only down 6.5 percent on a year-over-year basis but totaled the fewest transactions in the month of September in over 15 years. At... Read More »

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,970 in September, down 18.9 percent on a year-over-year basis and the slowest September in terms of sales since 2007, according to recorded sales data from CoreLogic. In San Francisco, recorded sales totaled... Read More »

Pending Home Sales in San Francisco Remain Down

While the inventory of homes for sale in San Francisco is now running 40 percent higher on a year-over-year basis and price cuts are on the rise, the number of homes in contract remains lower versus the same time last year. And in fact, while the year-over-year drop in... Read More »

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

New Home Sales in the U.S. Drop with Inventory at a 9-Year High

Having actually dropped a downwardly revised 3.0 percent in August, the seasonally adjusted pace of new single-family home sales in the U.S. dropped another 5.5 percent in September to an annual pace of 553,000 sales which is 15.1 percent below the long-term average for this time of the year... Read More »

Pending Home Sales in San Francisco are Down

While the inventory of homes for listed for sale in San Francisco recently hit a 7-year high and is now running over 30 percent higher on a year-over-year basis, the number of homes in contract has actually fallen. And in fact, the number of pending home sales in San... Read More »

Sub-2015 Priced ‘Ultra-Premium’ Condo in the Mission Reduced

Sub-2015 Priced ‘Ultra-Premium’ Condo in the Mission Reduced

Purchased for $1.625 million in mid-2015, the two-bedroom Mission District condo #205 in the “V20” building at 3590 20th Street, at the corner of Valencia, was on the market for 4.7 percent less ($1.549 million) last year but failed to find a buyer. Today, the “ultra-premium V20 home” is... Read More »

Massive Recology Site Rezoning and Redevelopment Plans Revealed

Massive Recology Site Rezoning and Redevelopment Plans Revealed

Ambitious plans to redevelop the nearly 6-acre Recology site at 900 7th Street – which is bounded by 7th, Berry, De Haro, Carolina and Channel – are in the works. And as envisioned by SOM, the $850 million development could yield over 1,000 units of housing; nearly 400,000 square... Read More »

Index for Bay Area Home Values Inches Up, NY Slips, Vegas Jumps

Index for Bay Area Home Values Inches Up, NY Slips, Vegas Jumps

Having ticked up 1.1 percent in May, 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 – inched up 0.5 percent in June to an all-time high and is running 10.7 percent higher... Read More »

Pending Home Sales Drop in the U.S. despite More Inventory

Pending Home Sales Drop in the U.S. despite More Inventory

Having inched up 0.4 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, declined 1.3 percent in April to 106.4 in March and is now running 2.1 lower versus the same time last year and 5.3 percent... Read More »

Another “V20” Penthouse Takes a Big Hit in the Mission

Another “V20” Penthouse Takes a Big Hit in the Mission

Purchased for $2.595 million ($1,411 per square foot) in mid-2015, the two-level penthouse unit #505 at 3590 20th and Valencia (a.k.a. the “V20” building) returned to the market listed as “the ultimate luxury living in the best part of the Mission” for $2.349 million ($1,277 per square foot) this... Read More »