Purchased for $1.2 million in April of 2014, the 989-square-foot, two-bedroom unit #808 in the Linea development at 8 Buchanan, a south facing unit with “soaring views,” separated bedrooms, ample closet space and two bathrooms, returned to the market listed for $1.295 million in February of 2020 and was... Read More »

Having peaked in October, the net number of homes on the market in San Francisco has since dropped 50 percent with typical seasonality in play and driven by a pronounced slowdown in listing activity versus a jump in sales. In fact, pending sales have been down an average of... Read More »

While the weighted average asking rent for an apartment in San Francisco is ending the year around 5 percent higher than at the end of 2021, it ticked down 2 percent in December to $3,500 per month and dropped 6 percent in the fourth quarter of 2022, “with what... Read More »

With the Case-Shiller index for Bay Area home values, which is a lagging indicator, having shed 13 percent since May and headed down, the average price per square foot of the homes which are in contract in San Francisco, which is a leading indicator, has just dropped under $860... Read More »

The S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked down another 1.7 percent in October. While the “San Francisco” index is still 0.6 percent “higher than it was at the same... Read More »

While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 5.8 percent in November to an annualized rate of 640,000 sales, the pace was still 15.3 percent lower than at the same time last year, 26 percent lower than in 2020 and 8.0 percent... Read More »

As we outlined last year, a building permit for the fully-entitled, 97-unit development to rise up to 80 feet in height on the Out of the Closet site on the southeast corner of Polk and California was about to be approved. And in fact, a building permit has not... Read More »

The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.27 percent but remains 106 percent higher than it was at the same time last year and 137 percent higher than last year’s all-time low of 2.65... Read More »

Purchased for a comp-setting $882,000 or roughly $1,313 per square foot in October of 2018, having been priced at $967,000 or $1,439 per foot by the sales office in 2017, the one-bedroom, one-bath unit #606 at 1075 Market Street (“Stage 1075”) returned to the market listed for $749,000 this... Read More »

While the number of new homes on the market across the nation is approaching a 15-year high, with over 20 percent more inventory than at the same time last year, and new home purchase application volume “rebounded” one (1) percent from October to November with a drop in rates,... Read More »