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Articles Filed Under: RealRecentReductions

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Number of Homes for Sale in S.F. Hits an 11-Year Seasonal High

Number of Homes for Sale in S.F. Hits an 11-Year Seasonal High

Having hit a 10-year seasonal high last month, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 3 percent, driven by a slowdown in the pace of sales. As such, there are now over 50 percent more homes on the... Read More »

Number of Homes on the Market in San Francisco Holds

Number of Homes on the Market in San Francisco Holds

With the current pace of home sales in San Francisco still down over 10 percent on a year-over-year basis, the net number of homes on the market (930) has effectively held at a 10-year seasonal high over the past few weeks, matching last year’s inventory levels. At the same... Read More »

List Price Reductions on the Rise in San Francisco

The percentage of homes on the market in San Francisco which have undergone at least one official price reduction ticked up four (4) percentage points over the past week to 21 percent, which is an atypical increase for this time of the year. At the same time, the average... Read More »

Exceptional and Luxurious View Condo Reduced, Listed Anew

Exceptional and Luxurious View Condo Reduced, Listed Anew

Purchased for $3.75 million in July of 2019, the 2,053-square-foot, three-bedroom unit #3501 in The Avery at 488 Folsom Street features “an extra wide open floor plan that creates a light-filled, airy and elegant lifestyle,” with expansive views, three full bathrooms and parking in the tower’s garage. Having returned... Read More »

Repositioned for an “Over Asking!” Sale and Top Ten List or Two

Repositioned for an “Over Asking!” Sale and Top Ten List or Two

Taken down to the studs and completely renovated in 2016, the 4-bedroom Bernal Heights home at 600 Gates Street hit the market priced at $1.699 million that May and sold for $1.720 million that August. The “luxurious, comfortable home” features an open lower level with a separate entry, wet... Read More »

The Lenders Take a Loss in Saint Francis Wood

The Lenders Take a Loss in Saint Francis Wood

Having been expanded, renovated and converted into an “executive-style home,” complete with an elevator connecting its unexpected five floors of space, the now 3,172-square-foot St. Francis Wood house at 250 Santa Paula Avenue, which was originally designed by Angus McSweeney, was foreclosed upon by Deutsche Bank last year following... Read More »

Landmark Octagon House Just Relisted for Over a Million Less

Landmark Octagon House Just Relisted for Over a Million Less

Joining the growing list of San Francisco properties that were quietly delisted from the MLS last year, without a reported sale, and are now returning to the market, as expected, the landmark Feusier Octagon House at 1067 Green Street, which is one of the oldest houses on Russian Hill,... Read More »

Condo Alternative Cottage Trades for “Over Asking,” But…

Condo Alternative Cottage Trades for “Over Asking,” But…

Purchased for $915,000 in November of 2016, the light-filled, one-bedroom cottage at 4353 17th Street, which sits above the Castro in Corona Heights, returned to the market priced at $998,000 in October of 2020. Positioned as a “great alternative to cookie cutter condos in this price range – with... Read More »

Modern Claremont Hills Home/Estate Fetches $8.65M

Modern Claremont Hills Home/Estate Fetches $8.65M

Designed by David Stark Wilson and built on a 1.4-acre (Lower) Claremont Hills lot back in 2007, the modern 4,775-square-foot home at 54 Vicente Road, which is now buffered by an orchard of fire resistant olive trees, hit the market priced at $12 million in May of 2020. A... Read More »

Stunning, $2.4M Ultra-Modern Live/Work Loft in Contract

Stunning, $2.4M Ultra-Modern Live/Work Loft in Contract

With the “Luxury Live Auction!” for the “stunning, ultra-modern live/work loft” #102 at 355 Bryant Street having failed to yield an acceptable bid back in September of 2020, the 2,200-square-foot, two-bedroom unit, which was purchased for $2.425 million in June of 2019, returned to the market listed anew for... Read More »