Articles Filed Under: East Bay

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Bay Area Employment Really Drops, Unemployment Rate as Well

Bay Area Employment Really Drops, Unemployment Rate as Well

While the unemployment rate in San Francisco returned to a record low 2.1 percent last month, the drop was driven by a reduction in the size of the labor force and the number of people living in San Francisco with a paycheck actually decreased by 5,700 to 566,200, which... Read More »

Oakland A’s Secure Exclusive Right to Negotiate for Stadium Site

Oakland A’s Secure Exclusive Right to Negotiate for Stadium Site

The Port of Oakland has granted the Oakland A’s an exclusive, but non-binding, agreement to negotiate the terms of a long-term lease for the 50-acre Howard Terminal site upon which the A’s have drafted, and re-drafted, plans for a new stadium, residential and commercial development to rise. Under the... Read More »

East Bay BONE Home Listed for $2.995 Million

East Bay BONE Home Listed for $2.995 Million

Listed as Project 16-693 in Bone Structure’s portfolio of buildings, the contemporary Claremont Pines home at 6226 Acacia Avenue, which sits above Oakland’s Rockridge neighborhood and overlooks the Claremont Country Club, was built with steel framing and finished in 2017. The main floor of the five-bedroom home, which measures... Read More »

Population Growth of San Francisco Really Slows Its Roll

Having grown at an average rate of over one percent per year over the past decade, peaking at 1.7 percent in 2012, the estimated population of San Francisco proper inched up 0.3 percent in 2018, from a downwardly revised 880,980 at the start of last year to 883,869 as... Read More »

Asking Rents Inch Up in San Francisco, Slip in Oakland

Asking Rents Inch Up in San Francisco, Slip in Oakland

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has inched up $25 over the past month to $4,175, which is roughly 2 percent higher versus the same time last year but still 5 percent below its... Read More »

Index for Bay Area Home Values Ekes Out a Gain

Index for Bay Area Home Values Ekes Out a Gain

Having dropped 1.3 percent in January, 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 0.6 percent in February. That being said, the index has still dropped 3.7 percent since the third... Read More »

Bay Area Home Sales Are Down, Median Price Has Slipped

Bay Area Home Sales Are Down, Median Price Has Slipped

Following a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased a seasonally driven 39.4 percent from February to March, total sales (6,124) were down 14.8 percent on a year-over-year basis.  And... Read More »

Bay Area Employment Actually Dropped Last Month

Bay Area Employment Actually Dropped Last Month

Having hit a record high in February, the number of people living in San Francisco with a paycheck, which typically ticks up in March, actually decreased by 3,400 last month to 572,000 and the unemployment rate, which hit a record low of 2.1 percent at the end of last... Read More »

Asking Rents in San Francisco and Oakland Slip in First Quarter

Asking Rents in San Francisco and Oakland Slip in First Quarter

Having reversed course last year, the weighted average asking rent for an apartment in San Francisco and Oakland slipped a little over one (1) percent in the first quarter of 2019 but with a bit of seasonality in play. Including one-off rentals, as well as those in larger developments,... Read More »

Over Asking on Alameda’s Gold Coast (But at an Actual Loss)

Over Asking on Alameda’s Gold Coast (But at an Actual Loss)

Built on Alameda’s Gold Coast back in 1903, the year after a new shipping canal turned the former East Bay peninsula into an island, the 4,700-sqaure-foot home at 1405 San Antonio Avenue sold for $2 million in October of 2015 having been well kept by the same family for... Read More »