Listing Activity Drops in San Francisco, Average Asking Price Down
Driven by a drop in new listing activity versus a spike in sales, the net number of single-family homes and condos on the market in San Francisco ticked down 2…
Austin, Do We Have Another Problem?
Purchased for $710,500 in December of 2017, the 442-square-foot, north-facing studio #207 in The Austin at 1545 Pine Street (“one of Van Ness & Civic Center’s most coveted developments”) briefly…
Benchmark Mortgage Rate Inches Down, Poised to Drop
Measured prior to yesterday’s affirmation by the Fed, the average rate for a benchmark 30-year mortgage inched down 4 basis points (0.04 percentage points) over the past week to 6.95…
The Fed Affirms, Again
As we outlined last month, based on an analysis of the futures market, the expected value of the Fed’s rate cuts over the next six months had dropped, with an…
Number of Homes on the Market in S.F. Still Ticking Up
Driven by a slowdown in the pace of sales, despite misreports to the contrary, the net number of single-family homes and condos on the market across San Francisco ticked up…
Apples-to-Apples-to-Index in Central SoMa
Purchased for $640,000 or roughly $940 per square foot in mid-2013, the 618-square-foot, one-bedroom unit #738 in The Palms at 555 4th Street, a quiet interior unit that now benefits…
Price Reductions on the Rise in San Francisco
With the expectation gap between the list price per square foot of the homes on the market in San Francisco and the price per square foot of the homes for…
Prestigious Nob Hill Penthouse Traded at a (Big) Loss
As we outlined last year, the 4,320-square-foot, two-level Nob Hill penthouse unit #1002 atop the Park Lane at 1100 Sacramento Street hit the market priced at $12.495 million in June…
Pace of Home Sales in San Francisco Is Ticking Down
The net number of single-family homes and condos in contract to be sold in San Francisco has been ticking down, not up, over the past month. And having just slipped…
Asking Rents in Oakland Just Ticked Up, Less Than in S.F.
Having slipped back under $2,300 to a three-year low in April, the average asking rent for an apartment in Oakland has just ticked back over $2,300 a month but remains…