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Articles Filed Under: RealRecentReductions

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Reductions, Rent and a Harsh Reality

Reductions, Rent and a Harsh Reality

Purchased for $1.650 million in July of 2016, the 1,366-square-foot, two-bedroom unit #7E in the Lumina tower at 201 Folsom Street, an interior facing unit with “peaceful garden views,” returned to the market priced at $1.899 million in 2019 but was withdrawn from the MLS without a sale having... Read More »

Home Sales Down, Inventory and Reductions Up in S.F.

Home Sales Down, Inventory and Reductions Up in S.F.

Having effectively peaked a couple weeks ago, as projected, the net number of homes on the market in San Francisco (i.e., inventory) remains 20 percent higher than at the same time last year, 45 percent higher than prior the pandemic, and over twice as high as in 2015, driven... Read More »

Where Does Laidley Lay?

Where Does Laidley Lay?

Hidden behind a relatively modest but sleek façade on “a coveted block of prestigious Laidley Street,” which offers panoramic downtown views, the now four-bedroom home at 131 Laidley was redeveloped in 2014 and then sold for $3.0 million in August of 2017. Measuring a little over 3,000 square feet,... Read More »

Prestigious High-Rise Unit Drops Further Below Its 2016 Price

Prestigious High-Rise Unit Drops Further Below Its 2016 Price

Purchased for $3.25 million in May of 2016, the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street, which “exemplifies the prestige of highrise (sic) living,” resold for $3.5 million in August of 2019, representing total appreciation of 7.7 percent despite the short-term hold and the... Read More »

Dolores Park Light House Condo Listed for a Million Less

Dolores Park Light House Condo Listed for a Million Less

Totaling over 5,300 square feet of space, 93 Cumberland Street is one of the four massive “Light House” condos that were created when the former Second Church of Christ at 651 Dolores Street, which overlooks Mission Dolores Park, was redeveloped in 2016. Featuring a central great room with a... Read More »

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 »