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Articles Filed Under: RealRecentReductions

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Price Reductions Tick Up in S.F., Price Per Square Foot Down

Driven by a pronounced slowdown in the pace of sales and rising inventory levels, the percentage of homes on the market in San Francisco with an asking price that has been reduced at least once has ticked back up two (2) points over the past week to 30 percent,... Read More »

Number of Homes for Sale in San Francisco Has Jumped

Number of Homes for Sale in San Francisco Has Jumped

Driven by a pronounced slowdown in the pace of sales, the net number of homes on the market in San Francisco (i.e., inventory) has jumped by 25 percent over the past two weeks to 1,410, which shouldn’t catch any plugged-in readers by surprise. In fact, there are now 20... Read More »

Another Swift $10 Million Price Cut in Pac Heights

Another Swift $10 Million Price Cut in Pac Heights

Quietly acquired from Mark and Alison Pincus for $16 million in November of 2015, Troon Pacific subsequently engaged Snøhetta (yes, that Snøhetta) to draft plans to transform the Albert Farr-designed home at 2950 Pacific Avenue into a modern 18,000-square-foot mansion with a coveted “2895 Broadway” address, as we first... Read More »

Newish Hayes Valley Studio Drops Well Below Its 2016 Price

Newish Hayes Valley Studio Drops Well Below Its 2016 Price

Purchased for $545,000 in August of 2016, the 371-square-foot studio condo #307 at 388 Fulton Street returned to the market listed for $525,000 in September of last year, a sale at which would have represented a 4 percent drop in value on an apples-to-apples basis. Reduced to $495,000 in... Read More »

Number of Homes for Sale in San Francisco Jumps 20 Percent

The fact that the number of homes in contract to be sold in San Francisco dropped another 7 percent over the past week isn’t too surprising considering it was a traditional holiday week. But with the drop, pending homes sales across the city are now 37 percent lower than... Read More »

Boutique Loft Reduced to Within 5 Percent of Its 2014 Price

Boutique Loft Reduced to Within 5 Percent of Its 2014 Price

Purchased for $1.125 million in September of 2017, the multi-level South Beach loft unit #5 at 340 Ritch Street, which features dual catwalks, designer finishes and a private sunroom with access to the building’s rooftop deck, returned to the market priced at $1.129 million this past July. In addition... Read More »

$10 Million Reduction for Record-Setting Pac Heights Penthouse

$10 Million Reduction for Record-Setting Pac Heights Penthouse

Speaking of “recalibrating,” the list price for the record-setting Penthouse Unit #10 atop the überexclusive Pacific Heights building at 2006 Washington Street has just been reduced from $45 million to $35 million in one fell swoop. As we first revealed and reported at the time, the 5,400-square-foot unit was... Read More »

Number of Homes for Sale in San Francisco Poised to Jump

Number of Homes for Sale in San Francisco Poised to Jump

The net number of homes on the market in San Francisco (i.e., inventory) has effectively held at 1,140 over the past two weeks despite typically dropping over 10 percent at the end of August. And as such, inventory levels in San Francisco are still over 30 percent higher than... Read More »

Amazing Eureka Valley Home Further Improved, Just Reduced

Amazing Eureka Valley Home Further Improved, Just Reduced

Purchased for $2.325 million in May of 2018, the already “amazing” single-family home at 4540 20th Street, a “prime Eureka Valley location” with views, a “chef’s kitchen” and a private “outdoor oasis,” was subsequently further improved, with a new internal stairway connecting the home’s top two floors, an upgraded... Read More »

Number of Homes for Sale in San Francisco Drops, But…

Number of Homes for Sale in San Francisco Drops, But…

Having hit a seasonal peak last month, which shouldn’t have caught any plugged-in readers by surprise, the net number of homes on the market in San Francisco (i.e., inventory) has since dropped a little over 10 percent to 1,140, including a one (1) percent drop over the past week.... Read More »