CFAH

Articles Filed Under: Trends

(3,137 posts)
Light-Filled Inner Mission Loft Approaches Its 2014 Price

Light-Filled Inner Mission Loft Approaches Its 2014 Price

Purchased for $711,000 in November of 2013, the one-bedroom unit #17 at 350 Alabama Street, a “light-filled oasis with views to the west and Twin Peaks” in the “vibrant and hip Inner Mission,” resold for $780,000 in December of 2014, representing appreciation of 9.7 percent in just over a... Read More »

Existing Home Sales and Median Price Drop

Existing Home Sales and Median Price Drop

Having slipped in August, the seasonally adjusted pace of existing-home sales across the U.S. ticked down another 1.5 percent in September to an annual rate of 4.71 million sales, which was 23.8 percent lower than at the same time last year; well below the pre-pandemic pace of sales; and... Read More »

Reductions, Rent and a Harsh Reality

Reductions, Rent and a Harsh Reality

Purchased for $1.650 million in July of 2016, the 1,366-square-foot, two-bedroom unit #7E in the Lumina tower at 201 Folsom Street, an interior facing unit with “peaceful garden views,” returned to the market priced at $1.899 million in 2019 but was withdrawn from the MLS without a sale having... Read More »

High-End Jackson Square Condo Trades Down Over $300K

High-End Jackson Square Condo Trades Down Over $300K

As we outlined back in April: Purchased for $2,305,000 in February of 2019, the two-bedroom, two-bath unit #3G at 288 Pacific Avenue, across from The Battery in Jackson Square, returned to the market priced at $2,538,000 , a sale at which would have represented total... Read More »

Mortgage Application Volume Drops to a 25-Year Low

With the benchmark 30-year mortgage rate having hit a 20-year high but still running below its long-term average, mortgage loan application volume in the U.S. dropped another 4 percent over the past week to its lowest level since 1997 and purchase mortgage activity is down 38 percent versus the... Read More »

New Home Demand Drops Despite Rise in Supply

New Home Demand Drops Despite Rise in Supply

While the seasonally adjusted pace of new single-family home sales in the U.S. rebounded in August to an annualized pace that was effectively even with the same time last year, but still below pre-pandemic levels, the number of mortgage loan applications for new homes in the U.S. dropped 7... Read More »

Plans for Pac Heights Mega-Mansion Took a Big Hit

Plans for Pac Heights Mega-Mansion Took a Big Hit

On the market for $29.5 million last year, the Pacific Heights mansion and permits to expand at 2950 Pacific Avenue has just sold for $17 million. Acquired from Mark and Alison Pincus for $16 million in November of 2015, Troon Pacific subsequently engaged Snøhetta (yes, that Snøhetta) to draft... Read More »

Home Sales Down, Inventory and Reductions Up in S.F.

Home Sales Down, Inventory and Reductions Up in S.F.

Having effectively peaked a couple weeks ago, as projected, the net number of homes on the market in San Francisco (i.e., inventory) remains 20 percent higher than at the same time last year, 45 percent higher than prior the pandemic, and over twice as high as in 2015, driven... Read More »

Amazing Eureka Valley Home Trades for $325K Less

Amazing Eureka Valley Home Trades for $325K Less

As we outlined last month: Speaking of price reductions in San Francisco and a decline in the price per square foot, the list price for the single-family home at 4540 20th Street, a remodeled home which boasts a “prime Eureka Valley location,” a “chef’s kitchen,” and a private “outdoor... Read More »

Boutique Loft Officially Sold for “Over Asking,” But…

Boutique Loft Officially Sold for “Over Asking,” But…

The multi-level South Beach loft unit #5 at 340 Ritch Street, which features dual catwalks, designer finishes and a private sunroom with access to the building’s rooftop deck, returned to the market priced at $1.129 million this past July, having been purchased for $1.125 million in September of 2017,... Read More »