Best Two-Bedroom Quietly Trades Down a Million Bucks
Speaking of seller capitulation, the resale of the luxury two-bedroom unit #34C in the Lumina tower at 338 Main Street, which is “considered San Francisco’s best condominium project,” has finally…
Number of Homes on the Market in S.F. Poised to Jump
There were 12 percent fewer homes on the market in San Francisco at the end of 2023 than there were at the end of 2022, driven by a pronounced drop…
Asking Rents in San Francisco End the Year Down
Having slipped back under $3,500 last month, the weighted average asking rent for an apartment in San Francisco has since inched down a few more bucks to around $3,450 a…
Building Slows in S.F. but Pipeline of Potential Development Holds
With values dropping, the cost of capital having jumped, sales down, and developers getting squeezed or even foreclosed upon, the number of net new units of housing under construction across…
Apartment Rents in Oakland Holding at a Two-Year Low
Having dropped to a two-year low in November, the average asking rent for an apartment in Oakland is now holding at around $2,400 per month, which is 4 percent lower…
Modern New Place Fetches Less than Half Its Original Ask
Listed for $3.95 million earlier this year, the 1,870-square-foot, 2-bedroom unit at 15 Guy Place, the lower unit in the new two-unit, roughly 7,000-square-foot building at 15-17 Guy Place which…
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Index for Bay Area Home Values Slips, Top Tier Down Over 10%
Having inched up 0.1 percent in September, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East Bay,…
Showcase Marina District Home Trades Down
Purchased for $3.825 million in April of 2015, the 3,015-square-foot and seismically upgraded “Showcase Residence” at 75 Rico Way, “on one of the most sought after blocks in the Marina…
Bay Area Employment Back to 2017 Levels, Trending Down
Having ticked down by (an upwardly revised) 1,700 in October, the net number of San Francisco residents with a job dropped by 2,200 in November to 553,800. As such, there…
New Home Sales Drop, Inventory Nearing a 15-Year High
As we outlined earlier this month, application volume for new home loan purchases in the U.S. was on the decline despite a year-over-year gain last month. And in fact, the…