Articles Filed Under: RealRecentReductions

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Inventory Levels and Sales Continue to Drop in San Francisco

Having plummeted 40 percent last week, the number of homes on the market in San Francisco has since dropped another 14 percent to 390, which isn’t zero but is 37 percent fewer than at the same time last year, driven by a combination of listings being withdrawn from the... Read More »

Price Reductions, and Increases, on the Rise in San Francisco

With new listing activity and inventory levels having plummeted, and the pace of home sales having sharply dropped, the percentage of homes on the market in San Francisco with at least one official price cut – which doesn’t include properties that were withdrawn from the MLS and then re-listed... Read More »

Million Dollar Reduction Moves Updated Mission Home

Million Dollar Reduction Moves Updated Mission Home

As we outlined last week: Purchased as a 2,000-square-foot property, “in need upgrading,” for $1.31 million in May of 2018, the single-family home at 1160 Florida Street has since been redesigned by Martinkovic Milford Architects, completely renovated (“no stone has been left unturned”) and expanded to 2,800 square feet... Read More »

Number of Homes on the Market in SF Hits a 9-Year High

Number of Homes on the Market in SF Hits a 9-Year High

Continuing to follow a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco has jumped 50 percent since the Super Bowl to 750.  And in fact, inventory levels are now running 17 percent higher than at the same time... Read More »

Now Listed for a Million Less in the Mission

Now Listed for a Million Less in the Mission

Purchased as a 2,000-square-foot property, “in need upgrading,” for $1.31 million in May of 2018, the single-family home at 1160 Florida Street has since been redesigned by Martinkovic Milford Architects, completely renovated (“no stone has been left unturned”) and expanded to 2,800 square feet of habitable space, featuring a... Read More »

Dolores Heights View Home Drops Further Below Its 2015 Price

Dolores Heights View Home Drops Further Below Its 2015 Price

As we outlined in October of last year: Joining the ranks of newly reduced homes is 4085 20th Street, a modern 3,720-square-foot Dolores Heights home perched above Dolores Park, with “breathtaking views” from each of its three levels, “outstanding craftsmanship, thoughtful design and ethereal beauty,” and a two-car garage... Read More »

Number of Homes on the Market in SF Hits a Relative 7-Year High

Number of Homes on the Market in SF Hits a Relative 7-Year High

Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes on the market in San Francisco (630) has jumped 25 percent since the Super Bowl.  As such, inventory levels in the city are now running 3 percent higher than at the same time last... Read More »

Reimagined Home Further Reduced, Slated for Foreclosure

Reimagined Home Further Reduced, Slated for Foreclosure

With the project team having successfully secured forgiveness for the under-permitted redevelopment of their rather spectacularly “reimagined” home at 3847-3849 18th Street at the end of last year, the property recently returned to the market with a newly reduced list price of $8.5 million, down $900K from its previous... Read More »

Trophy Penthouse Now Listed for 40 Percent Less

Trophy Penthouse Now Listed for 40 Percent Less

The signature penthouse unit atop the historic Clock Tower Lofts Building at 461 2nd Street hit the market in the second quarter of 2016 with a bit of fanfare and an $8.5 million price tag. Positioned as the “ultimate San Francisco trophy property,” the 3,000-square-foot unit is currently configured... Read More »

Inventory Levels Jump in San Francisco

As expected, the number of homes on the market in San Francisco (610) has jumped 20 percent since the Super Bowl and inventory levels are now back to within 3 percent of their mark at the same time last year and a 7-year high. At a more granular level,... Read More »