Plans for Pac Heights Redevelopment Entitled! But…
As we outlined at the end of last year, plans for converting the landmarked Health Sciences Library building on the southeast corner of Sacramento and Webster into a 24-unit luxury…
Expected Value of Rate Cuts Tumbles, Mid-Six Rates Normalized
In a move that shouldn’t catch any plugged-in readers by surprise, the probability of a rate cut this quarter, based on movements in the futures market, has dropped to under…
Nearly 30 Percent Cheaper for a One-Bedroom With Views
Purchased for $1.65 million in November of 2017, the high-floor unit #35D in the Lumina tower at 201 Folsom Street, a “stunning 1-bed, 1-bath + den gem with amazing views…
Number of Homes for Sale in S.F. Ticks Up, Asking Prices Down
The net number of condos and single-family homes listed for sale in San Francisco ticked up 4 percent over the past week. While 6 percent lower than at the same…
Modernized Pac Heights Home Drops Below Its 2016 Price
Purchased for $9.500 million in March of 2020, the four-level, five-bedroom Pacific Heights home at 2741 Vallejo Street, “an exclusive and quiet street surrounded by lovely homes and a short…
Epitome of Luxury Living Trades (Further) Down
The 1,325-square-foot, two-bedroom unit #1002 at 1450 Franklin Street, a “luxury high rise building…in the heart of San Francisco’s quintessential neighborhoods,” has just sold for $1,500,000 or roughly $1,130 per…
Purchase Mortgage Activity Down Over 50 Percent from 2022
Despite the average 30-year mortgage rate having dropped a full percentage point over the past quarter and now “stabilizing” above 6 percent, purchase mortgage application volume in the U.S. remains…
Forest Hill Oasis Trades Down Nearly 10 Percent
As we outlined last month, the “striking and sophisticated” four-bedroom Forest Hill home at 369 Pacheco Street, “the perfect oasis in the middle of the city,” returned to the market…
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Bay Area Home Values Tick Down, Top Tier Drops the Most
Having slipped (a revised) 0.6 percent in October, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East…
Asking Rents in San Francisco Hold, Down YOY
The weighted average asking rent for an apartment in San Francisco was effectively unchanged in January, holding at around $3,450 a month. On a year-over-year basis, however, the average asking…