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Articles Filed Under: RealRecentReductions

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Redesigned Penthouse Reduced, Donated and in Contract

Redesigned Penthouse Reduced, Donated and in Contract

Purchased for $2.85 million in May of 2013, the 2,100-square-foot penthouse unit 1C atop the Watermark at 501 Beale Street was redesigned and dramatically remodeled in 2014, yielding a designer residence with an open floor plan; panoramic Bay, bridge and city views; and an oversized master suite with an... Read More »

Inventory Levels Inch Up in San Francisco

Having slipped last week, the net number of homes on the market in San Francisco has since inched back up 1 percent to 980, representing 35 percent more inventory than at the same time last year and versus a nearly 30 percent deficit nationwide. That being said, while inventory... Read More »

Inventory Levels Tick Down in S.F. with an Uptick in Sales

While listing activity for single-family homes and condos in San Francisco ticked up nearly 20 percent over the past week, purchase activity ticked up even more. And as such, the net number of homes on the market in San Francisco (i.e., inventory) ticked down 3 percent in the absolute... Read More »

Penthouse Shell Dropped Over 40 Percent

Penthouse Shell Dropped Over 40 Percent

Priced at $10.495 million in September of 2019, a subsequent $1.55 million “buildout incentive” failed to move the 5,223-square-foot penthouse shell #41B atop the LUMINA tower at 201 Folsom Street and the list price for the “spacious dual level corner home…that offers unique potential and 270 degree views” was... Read More »

Number of Homes on the Market in San Francisco Ticks Up

With the number of new listings having outpaced the number of new contracts written over the past week, the total number of homes on the market in San Francisco ticked up 5 percent in the absolute to 990. As such, overall inventory levels are now 45 percent higher than... Read More »

Inventory Levels Inch Up in San Francisco, Poised to Jump

Inventory Levels Inch Up in San Francisco, Poised to Jump

While the number of homes officially on the market in San Francisco (950) has only ticked up a few percent over the past few weeks, driven by new contract activity, overall inventory levels are still 50 percent higher than at the same time last year (versus down nationwide) and... Read More »

Contract Activity Up Along with Inventory, Expectation Gap Down

While there are roughly 60 percent more homes in contract across San Francisco (500) than there were at the same time last year, there are still 50 percent mores on the market (940) and 130 percent more listings for sub-million dollar homes (350). And while the “expectation gap” between... Read More »

Contemporary Nob Hill Townhouse Trades for 17 Percent Less

Contemporary Nob Hill Townhouse Trades for 17 Percent Less

As we outlined in the fourth quarter of last year, the 3,680-square-foot “Townhouse No.1” at 1001 California Street atop Nob Hill, which is one of the two multi-level condos which replaced the perennially plagued restaurant space at the base of the iconic Beaux-Arts building, was purchased as new for... Read More »

Single-Family Home Inventory in San Francisco Jumps

With the number of homes on the market in San Francisco having started to tick up following a typical seasonal slowdown and culling of unsold listings at the end of last year, the number of single-family homes listed for sale jumped 36 percent over the past week to just... Read More »

Inventory Levels Start Ticking Back up, Poised To Climb

Inventory Levels Start Ticking Back up, Poised To Climb

Having dropped at the end of last year with a typical culling of unsold listings and seasonal slowdown in play, along with nearly twice as many homes in contract than there were at the end of 2019, the number of homes listed for sale in San Francisco (880) has... Read More »