Articles Filed Under: RealRecentReductions

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Price Cut for a Newly Rendered Noe Flip

Price Cut for a Newly Rendered Noe Flip

Having been owned by the same family for half a century, the three-bedroom Noe Valley Victorian at 331 Day Street hit the market last May, touting “many of the traditional details that Victorian fans appreciate: from the crown moulding (sic) and embossed wallpaper to the glass cabinet pulls and... Read More »

Number of Homes for Sale in San Francisco Slips

Number of Homes for Sale in San Francisco Slips

While the total number of homes currently listed for sale in San Francisco (610) is now running 1 percent higher than at the same time last year (605), and roughly 45 percent higher than in mid-April 2014 (420), inventory levels have atypically slipped 5 percent over the past month with... Read More »

Modern Loft Now Listed for 14 Percent below its 2014 Price

Modern Loft Now Listed for 14 Percent below its 2014 Price

Having hit the market priced at $1.75 million in July of last year, a sale at which would have equaled the price which was paid for the modern Mid-Market unit back in the fourth quarter of 2014, the list price for 10 Mint Plaza #5, a full-floor conversion loft... Read More »

Number of Homes for Sale in San Francisco Ticks Up

Number of Homes for Sale in San Francisco Ticks Up

The net number of homes listed for sale in San Francisco ticked up 5 percent over the past week to 645, which is 10 percent more than at the same time last year, 59 percent higher than at the same time in 2015 (405) and another 7-year seasonal high.... Read More »

Massive Berkeley Mansion Now Listed at a Loss

Massive Berkeley Mansion Now Listed at a Loss

Designed by John Hudson Thomas and built for John Hopkins Spring, a real estate developer, in 1914, the 12,000-square-foot Spring Mansion which sits at 1960 San Antonio Avenue in the Berkeley hills and was modeled on the Achilleion Palace in Greece, was purchased by John Park, the founder of... Read More »

SoMa Loft Reduced and Relisted Below its 2015 Price

SoMa Loft Reduced and Relisted Below its 2015 Price

Purchased for $1.185 million in December of 2015, the “modern, stylish, tri-level loft” #14 at 175 Russ Street, “located in the heart of SOMA,” with easy access to tech shuttles and company headquarters, as well as to Whole foods and “countless restaurants and cafes,” returned to the market priced... Read More »

Price Cuts Tick Up in San Francisco, Pending Sales Still Down

The percentage of homes listed for sale in San Francisco for which the asking price has been reduced at least once has ticked up a percentage point over the past week to 16 percent, which is 2 percentage points higher on a year-over-year basis and 7 percentage points higher... Read More »

Déjà Vu All over Again at the Ritz in San Francisco

Déjà Vu All over Again at the Ritz in San Francisco

Purchased as new for $1.53 million, or roughly $1,284 per square foot, in early 2008, right as the Great Recession was picking up steam, the two-bedroom Ritz-Carlton Residences unit #1702 at 690 Market Street returned to the market in early 2015 priced at $1.75 million. Reduced to $1.65 million... Read More »

House-Like Russian Hill Gem Drops Below its 2016 Price

House-Like Russian Hill Gem Drops Below its 2016 Price

The three-bedroom Russian Hill townhome at 2201 Leavenworth street, which offers “fabled Bay views,” a remodeled kitchen with a restored Wedgewood stove, and stacked parking for two cars in its garage below, and access to the building’s shared roof deck above, last traded hands for $3.2 million in March... Read More »

Another Million Dollar Drop for Rare Pac Heights Parcel and Plans

Another Million Dollar Drop for Rare Pac Heights Parcel and Plans

As we outlined this past November: The Pacific Heights parcel and approved plans for a modern 6,800-square-foot home to rise on the 2921 Vallejo Street site, which were drawn by John Maniscalco Architecture and the subject of both a confidentially settled lawsuit and unsuccessful Discretionary Review (DR), hit the... Read More »