Articles Filed Under: RealRecentReductions

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Penthouse Shell Dropped Over 40 Percent

Penthouse Shell Dropped Over 40 Percent

Priced at $10.495 million in September of 2019, a subsequent $1.55 million “buildout incentive” failed to move the 5,223-square-foot penthouse shell #41B atop the LUMINA tower at 201 Folsom Street and the list price for the “spacious dual level corner home…that offers unique potential and 270 degree views” was... Read More »

Number of Homes on the Market in San Francisco Ticks Up

With the number of new listings having outpaced the number of new contracts written over the past week, the total number of homes on the market in San Francisco ticked up 5 percent in the absolute to 990. As such, overall inventory levels are now 45 percent higher than... Read More »

Inventory Levels Inch Up in San Francisco, Poised to Jump

Inventory Levels Inch Up in San Francisco, Poised to Jump

While the number of homes officially on the market in San Francisco (950) has only ticked up a few percent over the past few weeks, driven by new contract activity, overall inventory levels are still 50 percent higher than at the same time last year (versus down nationwide) and... Read More »

Contract Activity Up Along with Inventory, Expectation Gap Down

While there are roughly 60 percent more homes in contract across San Francisco (500) than there were at the same time last year, there are still 50 percent mores on the market (940) and 130 percent more listings for sub-million dollar homes (350). And while the “expectation gap” between... Read More »

Contemporary Nob Hill Townhouse Trades for 17 Percent Less

Contemporary Nob Hill Townhouse Trades for 17 Percent Less

As we outlined in the fourth quarter of last year, the 3,680-square-foot “Townhouse No.1” at 1001 California Street atop Nob Hill, which is one of the two multi-level condos which replaced the perennially plagued restaurant space at the base of the iconic Beaux-Arts building, was purchased as new for... Read More »

Single-Family Home Inventory in San Francisco Jumps

With the number of homes on the market in San Francisco having started to tick up following a typical seasonal slowdown and culling of unsold listings at the end of last year, the number of single-family homes listed for sale jumped 36 percent over the past week to just... Read More »

Inventory Levels Start Ticking Back up, Poised To Climb

Inventory Levels Start Ticking Back up, Poised To Climb

Having dropped at the end of last year with a typical culling of unsold listings and seasonal slowdown in play, along with nearly twice as many homes in contract than there were at the end of 2019, the number of homes listed for sale in San Francisco (880) has... Read More »

Industrial Chic Wine Country Retreat Fetches $953 Per Foot

Industrial Chic Wine Country Retreat Fetches $953 Per Foot

Purchased for $1.45 million in 2011, the former wine country cooperage on Lodi Lane in Saint Helena was converted into an industrial chic residence/retreat, complete with a new pool, pool house and an outdoor kitchen with a wood burning pizza oven and grill in 2014. And the 4,800-square-foot home,... Read More »

Now Listed for Over 20 Percent Less in Lower Pacific Heights

Now Listed for Over 20 Percent Less in Lower Pacific Heights

Purchased for $2.1 million in September of 2018, the 1,900-square-foot, full-floor condo at 1940 Bush Street, which “dazzles with great period details and contemporary finishes” in Lower Pacific Heights, a few blocks from Fillmore Street, Japan Town and Lafayette Park, returned to the market priced at $2.199 million this... Read More »

Luxury View Condo Drops $700K Despite Bay Area Trend

Luxury View Condo Drops $700K Despite Bay Area Trend

Purchased for $5.3 million in January of 2018, the nearly 2,700-square-foot unit #39B atop the Lumina tower at 201 Folsom Street returned to the market priced at $5.998 million in October of 2019, a sale at which would have represented total appreciation of 13.2 percent since the end of... Read More »