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Articles Recently Tagged: Price Reductions

(153 posts)

Pace of Home Sales in San Francisco Continues to Drop

Despite the fact that inventory levels are significantly higher and asking prices have dropped, the number of homes in contract to be sold across San Francisco is down over 30 percent on a year-over-year basis. And in fact, pending sales in San Francisco are poised to drop to their... Read More »

Stickiness of Home Prices in San Francisco Is Slipping

Having dropped to its lowest level in five years last week, the average price per square foot of the homes which are in contract in San Francisco, which is a leading indicator, has since ticked down another two (2) percent to under $840 per square foot, which is 17... Read More »

Expectation Gap Widens in San Francisco

Despite the fact that the average list price per square foot of homes on the market in San Francisco is already 10 percent lower than at the same time last year, with over a third of the homes on the market having been reduced at least once, the expectation... Read More »

Single-Family Home Inventory Is Building Up

While the number of homes listed for sale in San Francisco ticked down 7 percent in the absolute over the past week with typical seasonality in play, there are still 40 percent more homes on the market than there were at the same time last year, with 30 percent... Read More »

Inventory, Sales and Prices Drop in San Francisco

Driven by a slowdown in listing activity, the net number of homes on the market in San Francisco dropped 8 percent over the past week but remains 35 percent higher than at the same time last year, with 70 percent more single-family homes on the market and 80 percent... Read More »

Be Best for Over 20 Percent Less

Be Best for Over 20 Percent Less

Purchased for $3.295 million in June of 2016 and then rented out for what would appear to be around $8,000 per month, the two-bedroom, two-bath unit #34C in the Lumina tower at 338 Main Street, which is “considered San Francisco’s best condominium project,” according to its Compass agents, returned... Read More »

Price per Square Foot in San Francisco Keeps Dropping

With a pronounced drop in sales and jump in reductions, the list price per square foot of the homes which are in contract across San Francisco, which is a leading indicator, has dropped over 10 percent since May and has just slipped under $900 per square foot for the... Read More »

Reductions Jump, Price Per Square Foot Drops in San Francisco

While pending home sales are down nearly 50 percent in San Francisco, the number of homes on the market (i.e., inventory) is currently 35 percent higher than it was at the same time last year and nearly 70 percent higher than prior to the pandemic, including 50 percent more... Read More »

Single-Family Inventory Up in S.F., Reductions as Well

Single-Family Inventory Up in S.F., Reductions as Well

While the net number of homes on the market in San Francisco ticked down 3 percent over the past week with typical seasonality in play, inventory levels are over 30 percent higher than at the same time last year, with over 40 percent more single-family homes on the market... Read More »

Price Cuts Continue to Tick Up in San Francisco

Having peaked a few weeks ago at an effective 12-year high, the net number of homes on the market in San Francisco (i.e., inventory/supply) has since ticked down 1 percent to 1,470 but remains 22 percent higher than at the same time last year and over 50 percent higher... Read More »