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Articles Filed Under: RealRecentReductions

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Inventory Appears to Have Peaked, Reductions Still on the Rise

Driven by a slowdown in new listing activity versus an uptick in the pace of sales, the net number of homes on the market in San Francisco, which is currently 20 percent higher than at the same time last year and 45 percent higher than prior to the pandemic,... Read More »

Pricing Versus Reality

Pricing Versus Reality

As we outlined back in April: Purchased for $2.4 million in September of 2018, the two-bedroom, two-bath unit #40E near the top of the Infinity tower at 338 Spear Street, a 1,588-square-foot unit which features an open floor plan, large bedroom suite, two private decks, panoramic views and a... Read More »

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Designer Mint Plaza Loft Now Listed Below Its 2011 Price

Purchased for $1.4 million near the top of the previous market cycle in the fourth quarter of 2007 and then upgraded with a new kitchen, custom cabinetry, lighting and other designer finishes in 2008, the upgraded 2,000-sqaure-foot, two-bedroom loft #502 in the converted Hales Warehouse building at 2 Mint... Read More »

Inventory Levels Continue to Climb in San Francisco

Having already jumped by 25 percent over the two weeks prior, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 4 percent to 1,470. As such, there are now over 20 percent more homes on the market in San Francisco... Read More »

Amazing Eureka Valley Home Now Listed for $500K Less

Amazing Eureka Valley Home Now Listed for $500K Less

Speaking of price reductions in San Francisco and a decline in the price per square foot, the list price for the single-family home at 4540 20th Street, a remodeled home which boasts a “prime Eureka Valley location,” a “chef’s kitchen,” and a private “outdoor oasis”/ rear yard, has been... Read More »

Price Reductions Tick Up in S.F., Price Per Square Foot Down

Driven by a pronounced slowdown in the pace of sales and rising inventory levels, the percentage of homes on the market in San Francisco with an asking price that has been reduced at least once has ticked back up two (2) points over the past week to 30 percent,... Read More »

Number of Homes for Sale in San Francisco Has Jumped

Number of Homes for Sale in San Francisco Has Jumped

Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., inventory) has jumped by 25 percent over the past two weeks to 1,410, which shouldn’t catch any plugged-in readers by surprise. In fact, there are now 20... Read More »

Another Swift $10 Million Price Cut in Pac Heights

Another Swift $10 Million Price Cut in Pac Heights

Quietly acquired from Mark and Alison Pincus for $16 million in November of 2015, Troon Pacific subsequently engaged Snøhetta (yes, that Snøhetta) to draft plans to transform the Albert Farr-designed home at 2950 Pacific Avenue into a modern 18,000-square-foot mansion with a coveted “2895 Broadway” address, as we first... Read More »

Newish Hayes Valley Studio Drops Well Below Its 2016 Price

Newish Hayes Valley Studio Drops Well Below Its 2016 Price

Purchased for $545,000 in August of 2016, the 371-square-foot studio condo #307 at 388 Fulton Street returned to the market listed for $525,000 in September of last year, a sale at which would have represented a 4 percent drop in value on an apples-to-apples basis. Reduced to $495,000 in... Read More »

Number of Homes for Sale in San Francisco Jumps 20 Percent

The fact that the number of homes in contract to be sold in San Francisco dropped another 7 percent over the past week isn’t too surprising considering it was a traditional holiday week. But with the drop, pending homes sales across the city are now 37 percent lower than... Read More »