As we outlined last month: Positioned as part of “The Penthouse Collection at 8 Octavia,” the modern two-bedroom, two-bathroom unit PH-2 atop the Hayes Valley development sold for $1.5 million or roughly $1,500 per square foot in February of 2020. The unit is outfitted with floor to ceiling windows,... Read More »

While the number of people living in San Francisco with a paycheck typically ticks up in both October and November, driven by seasonal hiring for the holidays, net employment actually dropped for the second month in a row last month, decreasing by 3,700 to 560,700 in November, with 2,900... Read More »

As we outlined back in October: Purchased for $1.650 million in July of 2016, the 1,366-square-foot, two-bedroom unit #7E in the Lumina tower at 201 Folsom Street, an interior facing unit with “peaceful garden views,” returned to the market priced at $1.899 million in 2019 but was withdrawn from... Read More »

While the weighted average asking rent for an apartment in San Francisco dropped 3 percent in November, the average asking rent in Oakland ticked up ticked up a little over 2 percent to $2,625 per month, which is 8 percent higher than at the same time last year and... Read More »

While the number of homes listed for sale in San Francisco ticked down 7 percent in the absolute over the past week with typical seasonality in play, there are still 40 percent more homes on the market than there were at the same time last year, with 30 percent... Read More »

As expected, the average rate for a benchmark 30-year mortgage dropped another 16 basis points (0.16 percentage points) over the past week to 6.33 percent but remains over twice as high as it was at the same time last year and 139 percent higher than last year’s all-time low... Read More »

With the average loan size on applications to purchase a home across the nation having dropped to a two-year low, which, in the euphemistic words of the Mortgage Bankers Association, is consistent with “a rapidly cooling home-price environment,” the seasonally adjusted volume of applications to secure a purchase mortgage... Read More »

Having ticked down a percent in October, the weighted average asking rent for an apartment in San Francisco has since dropped another 3 percent to $3,575 per month and has declined for three months in a row with what would appear to be typical seasonality back in play, at... Read More »

Driven by a slowdown in listing activity, the net number of homes on the market in San Francisco dropped 8 percent over the past week but remains 35 percent higher than at the same time last year, with 70 percent more single-family homes on the market and 80 percent... Read More »

Speaking of “San Francisco’s best condominium project,” the apples-to-apples-to-apples re-sale of the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street has closed escrow. Purchased for $3.25 million in May of 2016, the 1,791-square-foot unit resold for $3.5 million in August of 2019, representing total appreciation... Read More »