Number of Homes for Sale in San Francisco Trending Up, Sales Down
As we projected, the net number of condos and single-family homes listed for sale in San Francisco (i.e., inventory) continues to climb, having ticked up another 7 percent over the…
A Quintessential Nob Hill Condo and View
Purchased for $2.500 million in May of 2019, the 1,859-square-foot, full-floor Nob Hill condo at 1049 Clay Street returned to the market listed for $2.299 million this past October. Positioned…
New Home Sales Activity Gains, Average Loan Size Slips
The mortgage application volume for new home purchases in the U.S. was up 19 percent on a year-over-year basis in January and the seasonally adjusted pace of sales, which had…
Benchmark Mortgage Rate Ticks Up to 6.77 Percent
As we outlined last week, prior to a market shock that appears to have caught some by surprise, the expected value of the Fed’s interest rate cuts this year was…
Condo Converted and Relisted for Less in Cole Valley
Purchased as an established TIC unit in a six-unit building for $910,000 in November of 2017, the light-filled, top floor one-bedroom unit #5 at 762-764 Cole Street returned to the…
Don’t Confuse Seasonality with a Rebound or “Pivot”
At a time of the year when industry folks and the media have been known to conflate basic seasonal trends with a market rebound or “pivot!,” purchase mortgage application volume…
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New Pricing for Luxury Condo Already Listed at a Loss
Purchased for $2,486,500 in December of 2018, the 1,400-square-foot unit #6C at 288 Pacific Avenue, a luxurious “modern oasis…ideally situated on the 6th floor of an architectural masterpiece,” with 24/7…
Another Supersized Development Has Been Abandoned
Having faced some pushback from Planning, related to the approved plans for up-zoning and infilling San Francisco’s Central SoMa District, the Fifth and Folsom Investors, LLC subsequently received a notice…
Mortgage Availability Inches Up From an 11-Year Low
Having dropped back down to its lowest level in over a decade at the end of last year, mortgage credit availability inched up 0.7 percent last month, with a 1.9…
Tenant Buyouts Drop in San Francisco
Landlords in San Francisco inked 260 legally recorded tenant buyout agreements last year, as mapped above, a 33 percent drop from the 389 inked in 2022 and 391 inked in…