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Articles Filed Under: RealRecentReductions

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Price for Mission District Infill Site Drops

Price for Mission District Infill Site Drops

As we outlined back in the fourth quarter of 2021: Having been in and out of contract a handful of times over the past couple of years, a sale of the former used car lot turned Firepie site on the northeast corner of Valencia and Cesar Chavez, which is... Read More »

Stickiness of Home Prices in San Francisco Is Slipping

Having dropped to its lowest level in five years last week, the average price per square foot of the homes which are in contract in San Francisco, which is a leading indicator, has since ticked down another two (2) percent to under $840 per square foot, which is 17... Read More »

Price for Over 14 Acres of Paradise Reduced Nearly 70 Percent

Price for Over 14 Acres of Paradise Reduced Nearly 70 Percent

Positioned as “the largest remaining undeveloped residential waterfront parcel in Marin County, and possibly the entire San Francisco Bay Area,” the 14.5-acre parcel at 2800 Paradise Drive in Tiburon, a parcel which includes around 2,000 feet of San Francisco Bay shoreline and has already been entitled for the development... Read More »

Expectation Gap Widens in San Francisco

Despite the fact that the average list price per square foot of homes on the market in San Francisco is already 10 percent lower than at the same time last year, with over a third of the homes on the market having been reduced at least once, the expectation... Read More »

Single-Family Home Inventory Is Building Up

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 »

Be Best for Over 20 Percent Less

Be Best for Over 20 Percent Less

Purchased for $3.295 million in June of 2016 and then rented out for what would appear to be around $8,000 per month, the two-bedroom, two-bath unit #34C in the Lumina tower at 338 Main Street, which is “considered San Francisco’s best condominium project,” according to its Compass agents, returned... Read More »

Price per Square Foot in San Francisco Keeps Dropping

With a pronounced drop in sales and jump in reductions, the list price per square foot of the homes which are in contract across San Francisco, which is a leading indicator, has dropped over 10 percent since May and has just slipped under $900 per square foot for the... Read More »

Food for Thought 2022

Food for Thought 2022

Having been completely restored and remodeled to yield “unparalleled luxury and refinement,” the nearly 6,900-square-foot, six-bedroom Pacific Heights home with multiple living, dining and outdoor spaces; a guest suite, sauna and home theater; and a two-car garage at 3149 Washington Street hit the market listed for $9.95 million in... Read More »

Reductions Jump, Price Per Square Foot Drops in San Francisco

While pending home sales are down nearly 50 percent in San Francisco, the number of homes on the market (i.e., inventory) is currently 35 percent higher than it was at the same time last year and nearly 70 percent higher than prior to the pandemic, including 50 percent more... Read More »

Pac Heights Perfection Drops Below Its 2016 Price

Pac Heights Perfection Drops Below Its 2016 Price

Purchased for $1.785 million in May of 2016, the two-bedroom, townhome-style condo #B at 1902 Lyon Street, “perfectly situated on a tree lined street in Pacific Heights,” returned to the market listed for $1.895 million this past September, a sale at which would have represented total appreciation of just... Read More »