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Rents in S.F. Tick Down Another Percent, But…

Rents in S.F. Tick Down Another Percent, But…

The weighted average asking rent for an apartment in San Francisco ticked down another percent over the past month to $3,325. But as we noted last month, asking rents in San Francisco typically tick down in the fourth quarter with a seasonal slowdown in the market. And in fact,... Read More »

A DUM Remodeling “Mistake” That Could Be Rather Costly

A DUM Remodeling “Mistake” That Could Be Rather Costly

Purchased as a vacant two-unit building for $690,000 in September of 2001, a permit to remodel the kitchen on the main/second floor of the rather lovely Victorian at 1016 Pierce Street was requested and approved in 2010. A bathroom remodel was permitted in 2011. And in 2014, an over... Read More »

Planning Supports Stonestown Redevelopment but Has Notes

Planning Supports Stonestown Redevelopment but Has Notes

San Francisco’s Planning Department has completed its preliminary review of Brookfield Properties’ proposed Master Plan for redeveloping the 41-acre Stonestown site, a plan which would yield around 2,900 new residential units; up to 200,000 square feet of new office space; a 200-room hotel; and an additional 200,000 square feet... Read More »

Plans for an 8-Story “Pod Hotel” on the Boards

Plans for an 8-Story “Pod Hotel” on the Boards

Plans to raze the 2-story San Francisco Fire Credit Union building at 12 Mint Plaza are in the works. And as envisioned by Prime Design for Elsey Partners, which is the Kansas-based team behind a couple of contentious micro-unit developments in the Mission, an eight-story, 160-bed “pod hotel” could... Read More »

Joe’s Cable Car Site and Approved Project Back in Play

Joe’s Cable Car Site and Approved Project Back in Play

While plans for a contemporary four-story development to rise up to 45 feet in height upon the Excelsior District parcel on the northwest corner of Mission and Tingley were approved back in 2019, as were demolition and building permits, the ground for the project has yet to be broken... Read More »

Listed Inventory Down Over 40 Percent in San Francisco, But…

Driven by a seasonal drop in new listing activity, the net number of homes on the market in San Francisco dropped another 9 percent over the past week to 850, representing 44 percent less listed inventory than at the same time last year, which shouldn’t have caught any plugged-in... Read More »

A Temple to/for Dining and Traditional Thanks

A Temple to/for Dining and Traditional Thanks

Purchased for $2.35 million in July of 2018, the 895-square-foot Cornona Heights home at 17 Temple Street was subsequently “remodeled,” expanded and unsuccessfully returned to the market listed for $3.995 million in October of last year, the same price at which the home was listed anew last month. Technically... Read More »

New Home Inventory Hits a 13-Year High, Sales Down YOY

New Home Inventory Hits a 13-Year High, Sales Down YOY

Having jumped a downwardly revised 7.1 percent in September, the seasonally adjusted pace of new single-family home sales in the U.S. inched up 0.4 percent last month to an annualized rate of 745,000 homes but was down 23.1 percent on a year-over-year basis and 25 percent lower than at... Read More »

Mortgage Loan Application Volumes Slip, Down Year-Over-Year

Mortgage loan application volumes to either purchase or refinance a home in the U.S. ticked up 1.8 percent on a seasonally adjusted basis over the past week but slipped 0.1 percent in the absolute, with a 0.4 percent decrease in applications to purchase a home, according to the Mortgage... Read More »

Re-Opening of San Francisco’s Economy, November Report

Re-Opening of San Francisco’s Economy, November Report

While local bridge traffic is back to around 90 percent of its pre-Covid volume, BART ridership is still down by nearly 80 percent and weekly office attendance within the San Francisco Metropolitan area – which includes Alameda, Contra Costa, Marin, San Francisco and San Mateo counties – is still... Read More »