Articles Filed Under: RealRecentReductions

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Number of Homes on the Market in San Francisco Inches Up

Number of Homes on the Market in San Francisco Inches Up

Having ticked down 11 percent since hitting a two-decade high last month, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending and closed, inched up one (1) percent over the... Read More »

Contemporary Nob Hill Townhouse Drops Below Its 2015 Price

Contemporary Nob Hill Townhouse Drops Below Its 2015 Price

One of two multi-level condos which replaced the perennially plagued restaurant space at the base of the iconic Beaux-Arts Building at 1001 California Street, the building from which Vincent Friia once ruled over real estate in San Francisco, the 3,680-square-foot “Townhouse No.1” was purchased as new for $4,335,000 in... Read More »

Inventory Levels Drop in S.F., Reductions Poised To Rise

Inventory Levels Drop in S.F., Reductions Poised To Rise

As was to be expected, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending and closed, ticked down another 3 percent over the past week to 1,790, which is down 11.1 percent from a two-decade high in the absolute... Read More »

Number of Homes on the Market in San Francisco Dips, But…

Number of Homes on the Market in San Francisco Dips, But…

In a move that shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending and closed, ticked down 6 percent over the past week to 1,840. That being said, there are still twice... Read More »

Number of Homes for Sale in S.F. Has Likely Peaked

Having hit a two-decade high last week, the number of homes on the market in San Francisco, net of all sales and contract activity, both pending and closed, has since inched down 3 percent to just under 2,000, a move which shouldn’t have caught any plugged-in readers by surprise.... Read More »

Number of Homes for Sale in S.F. Hits a Two-Decade High

Number of Homes for Sale in S.F. Hits a Two-Decade High

Following a trend which shouldn’t have caught any plugged-in readers by surprise, as its basis was in place prior to the pandemic having hit, the number of homes on the market in San Francisco, net of all sales, both pending and closed, has just ticked over 2,000 for the... Read More »

Reduced Rents and Pricing for a Prized View Condo

Reduced Rents and Pricing for a Prized View Condo

Purchased from the sales office for $3,149,500, or roughly $2,003 per square foot, back in June of 2016, the “highest and largest” two-bedroom, two-bath unit in the Lumina tower at 338 Main Street, unit #35A, was then listed for $3,449,000 in March of 2017 while alternatively being offered for... Read More »

Asking Prices Drop in San Francisco, Expectation Gap as Well

With the number of homes on the market in San Francisco nearing a two-decade high, a move which shouldn’t have caught any plugged-in readers by surprise, and the asking price for a third of said homes having been reduced at least once, the average price per square foot of... Read More »

Single-Family Home Inventory Just Hit a 9-Year High in S.F.

Despite some misreports to the contrary, the market for single-family homes in San Francisco hasn’t become detached from the market for condos. While the market for condos tends to be more volatile, with higher highs, lower lows and faster swings between the two, it remains a leading indicator for... Read More »

Reduced Listings Hit a 10-Year High in San Francisco

With the number of homes on the market in San Francisco nearing a two-decade high and the percentage of homes on the market with a list price that has been reduced at least once having ticked up to 31 percent, which is 14 percentage points, or roughly 80 percent,... Read More »