Articles Filed Under: Industry Stuff

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Reductions Poised To Rise in San Francisco

With the number of homes on the market in San Francisco, net of new sales and contract activity, having effectively plateaued over the past couple of weeks but poised to jump again in September, the number of homes on the market with an asking price that has been reduced... Read More »

A Two-Bedroom in One of the Hottest Neighborhoods Returns

A Two-Bedroom in One of the Hottest Neighborhoods Returns

Purchased for a million dollars, or roughly $698 per square foot, back in April 2015, the “beautiful new construction residence” unit #6 at 4132 3rd Street, “in one of the hottest neighborhoods in San Francisco,” returned to the market listed for just $1.075 million in February of 2017 and... Read More »

Moratorium on Pandemic Related Evictions Extended Again

Moratorium on Pandemic Related Evictions Extended Again

As we outlined in June: The temporary moratorium on the eviction of tenants in San Francisco for the non-payment of rent from April through July, if formally documented as being due to the COVID-19 pandemic, has effectively been made permanent by San Francisco’s Board of Supervisors. While the ordinance... Read More »

Rents in S.F Continue To Drop, Now Down Over 20% From Peak

Rents in S.F Continue To Drop, Now Down Over 20% From Peak

Having slipped to just under $3,600 a month two weeks ago, the weighted average asking rent for an apartment in San Francisco has since ticked down another percent to $3,550, continuing a sharp downward trend which shouldn’t have caught any plugged-in readers by surprise. As such, the average asking... Read More »

Number of Homes for Sale in SF Surpasses Recession-Era Marks

Number of Homes for Sale in SF Surpasses Recession-Era Marks

While the rate of increase in inventory levels has slowed to a seasonal crawl, the number of homes on the market in San Francisco, net of all new sales and contract activity, has ticked up another 4 percent over the past two weeks to 1,550, representing roughly three times... Read More »

Completely Remodeled and Facing Foreclosure

Completely Remodeled and Facing Foreclosure

Purchased as a 975-square-foot Noe Valley home with plans to nearly quadruple its size for $1.929 million in August of 2015, the now 3,750-square-foot home at 438 29th Street returned to the market as a “completely remodeled, redesigned & reinvented residence” with a $4,388,888 price tag in November of... Read More »

Skyline-Defining Plans for Hearst Parking Center Site

Skyline-Defining Plans for Hearst Parking Center Site

Plans to raze the 11-story Hearst Parking Center complex at 45-53 Third Street, which extends all the way to Annie and currently provides “a pleasant and safe place to park” for up to 800 cars, along with a car wash and California Pizza Kitchen, are in the works. And... Read More »

400 Percent More Reduced Listings on the MLS in San Francisco

With inventory levels in San Francisco having surpassed their recession-era marks last week, a trend which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market which have undergone at least one official price cut or reduction has ticked up another 15 percent over... Read More »

Insert Modern View Home Here

Insert Modern View Home Here

Built in 1906 and expanded over the years, the roughly 2000-square-foot home at 159 Laidley Street, which is recorded at 1,312 square feet per the city, quietly sold for $2.7 million in November of last year having been acquired for $251,000 in 1995. And yes, with a 5,500-square-foot “manor”... Read More »

Pending Home Sales Up 30 Percent in San Francisco, But…

Having bottomed out at the end of April, at which point they were down nearly 50 percent on a year-over-year basis, the number of homes in contract to be sold started to rebound in May; turned positive, on a year-over-year basis, back in June; and were up sharply in... Read More »