Articles Filed Under: RealRecentReductions

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Officially Over Asking at the Oriental Warehouse

Officially Over Asking at the Oriental Warehouse

Purchased for $1.125 million in 2006, the 1,548-square-foot unit #218 within the Oriental Warehouse at 650 Delancey Street was subsequently remodeled and now sports a modern kitchen and two remodeled baths. Eight months ago, the two-bedroom unit, which comes with two deeded parking spaces and secured storage in the... Read More »

Pace of Home Sales in San Francisco Continues to Drop

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels have ticked up 16 percent over the past two weeks and are now running 4 percent higher than at the same time last year. At the same time, the percentage... Read More »

Looking for an Incentive to Purchase a Penthouse Shell?

Looking for an Incentive to Purchase a Penthouse Shell?

Technically it’s not a price cut, the prevalence of which has been on the rise in San Francisco, as the list price for the 5,700-square-foot penthouse shell #41A atop the LUMINA tower at 201 Folsom Street remains at $11.495 million. But the listing notes for the two-level unit have... Read More »

Reductions on the Rise as Pace of Home Sales Drops in SF

Reductions on the Rise as Pace of Home Sales Drops in SF

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels ticked up 12 percent over the past post-holiday week to 650, which is even with the same time last year. At the same time, the percentage of active listings in... Read More »

$135 Million East Bay Estate Now Listed for Over $100 Million Less

$135 Million East Bay Estate Now Listed for Over $100 Million Less

According to the agent for the 22-acre “Fieldhaven” estate at 7 Country Oak Lane in Alamo, David Duffield, the co-founder of PeopleSoft and Workday, invested over $135 million in building out the property, a build-out which was completed in 2013 by a team of over 200 craftsmen over the... Read More »

Light House Condo now Listed at a Larger Seven-Figure Loss

Light House Condo now Listed at a Larger Seven-Figure Loss

Purchased for $6.495 million in April of 2016, the 5,493-square-foot “Light House” condo at 651 Dolores Street, one of four condos within the converted Second Church of Christ Scientist, across from Dolores Park, returned to the market in August of 2017 with a $6.795 million price. Reduced to $6.349... Read More »

Number of Homes for Sale in SF Has Likely Peaked, at Least for Now

Number of Homes for Sale in SF Has Likely Peaked, at Least for Now

While 17 percent higher than at the beginning of the month, the number of homes on the market in San Francisco is now holding at around 700, which is 37 percent higher than in June of 2015 but 3 percent lower than at the same time last year, with the... Read More »

Newly Reduced and Positioned for an “Over Asking!” Sale

Newly Reduced and Positioned for an “Over Asking!” Sale

Outfitted with three-bedrooms, two baths and “plenty of upgrades,” the roughly 1,500-square-foot home at 738 Banks Street, on the southern edge of Bernal Heights, was listed for $1.650 million back in the fourth quarter of 2015, an above-average list price of $1,093 per square foot at the time. Subsequently... Read More »

Previously Flipped Nob Hill Condo Now Listed at a Loss

Previously Flipped Nob Hill Condo Now Listed at a Loss

As we outlined in April: Purchased for $1.74 million in May of 2015, renovated (“including all new kitchen, all new bathrooms, a lighting system, hardwood floors and window coverings”) and then successfully flipped for $2.255 million in March of 2016, the 1,789-square-foot unit #202 at 1150 Sacramento Street returned... Read More »

Number of Homes for Sale in SF Inches Up but Trend Turns Down

Number of Homes for Sale in SF Inches Up but Trend Turns Down

While the inventory of homes actively listed for sale in San Francisco inched up another 2 percent over the past week to 650, which is 38 percent higher than in mid-May of 2014, inventory levels are now running 7 percent lower than at the same time last year, which... Read More »