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…
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…
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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…
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…
Enough Empty Office Space for over 150,000 People in S.F.
As we outlined earlier this week, the amount of vacant office space in San Francisco has just hit a new pandemic high of 19.9 million square feet. For context, the…
Timing for Approved 966-Unit Development Pushed Back
Deemed an Environmental Leadership Development Project by Governor Brown back in 2018, which limited the scope and timeline for any EIR-based challenges of the project, the plans for a 55-story…
Office Vacancy Rate in San Francisco Just Hit a New High
Having held at a pandemic high of 21.7 percent in the second quarter of this year, the effective office vacancy rate in San Francisco ticked up another 130 basis points…
Benchmark Mortgage Rate Hits a 20-Year High
The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 6.92 percent, an average rate which is now 128…
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Prestigious High-Rise Unit Drops Further Below Its 2016 Price
Purchased for $3.25 million in May of 2016, the three-bedroom, three-bath unit #32E in the Lumina tower at 338 Main Street, which “exemplifies the prestige of highrise (sic) living,” resold…
Pending Home Sales in San Francisco Down Nearly 50 Percent
While the net number of homes on the market in San Francisco, i.e., inventory, has been up an average of 26 percent on a year-over-year basis over the past three…