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Articles Recently Tagged: Price Reductions

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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 »

Nearly 40 Percent of Active Listings in S.F. Have Been Reduced

While the net number of homes on the market in San Francisco (i.e., inventory) is holding at an effective 12-year high, having peaked a few weeks ago, as projected, the percentage of said homes which have undergone at least one price reduction has ticked up to 37 percent. That’s... 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 »

Inventory Appears to Have Peaked, Reductions Still on the Rise

Driven by a slowdown in new listing activity versus an uptick in the pace of sales, the net number of homes on the market in San Francisco, which is currently 20 percent higher than at the same time last year and 45 percent higher than prior to the pandemic,... Read More »

Inventory Levels Continue to Climb in San Francisco

Having already jumped by 25 percent over the two weeks prior, the net number of homes on the market in San Francisco (i.e., inventory) has since ticked up another 4 percent to 1,470. As such, there are now over 20 percent more homes on the market in San Francisco... Read More »

Amazing Eureka Valley Home Now Listed for $500K Less

Amazing Eureka Valley Home Now Listed for $500K Less

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 oasis”/ rear yard, has been... Read More »

Price Reductions Tick Up in S.F., Price Per Square Foot Down

Driven by a pronounced slowdown in the pace of sales and rising inventory levels, the percentage of homes on the market in San Francisco with an asking price that has been reduced at least once has ticked back up two (2) points over the past week to 30 percent,... Read More »

Number of Homes for Sale in San Francisco Jumps 20 Percent

The fact that the number of homes in contract to be sold in San Francisco dropped another 7 percent over the past week isn’t too surprising considering it was a traditional holiday week. But with the drop, pending homes sales across the city are now 37 percent lower than... Read More »