Home Sales in San Francisco “Rebound!”
Having dropped to a seven-year low in the absolute earlier this month, despite the average 30-year mortgage rate having dropped a full point, the number of homes in contract to…
Premier Block Pac Heights Condo Trades Down
Purchased for $2.500 million in October of 2019, the 2,280-square-foot unit #1 at 2172 Pacific Avenue, a “house-like, two level condominium…located on a premier flat block of Pacific Heights with…
An “Over Asking” Mid-Market Resale and New Comp!
The 423-square-foot studio unit #211 at 1075 Market Street, a “lovely unit with open floor plan at Stage 1075,” which is “located close to shops, transportation & tech companies,” has…
Inventory Levels Jump, Poised to Keep Climbing
The number of homes on the market in San Francisco jumped another 12 percent over the past week and is poised to keep climbing for at least another month, with…
Nearly 21 Salesforce Towers Worth of Vacant Office Space in S.F.
As we outlined earlier this week, the amount of vacant office space in San Francisco now totals nearly 28 million square feet, having increased by 2 million square feet in…
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Trends
Bay Area Employment Dropped in 2023, Still Trending Down
Having dropped by a downwardly revised 1,900 in November, the net number of San Francisco residents with a job dropped by another 1,300 in December to 552,800. As such, there…
New Home Sales Activity Ticks Up but Pace of Sales Drops
As we outlined last month, while application volume for new home loan purchases in the U.S. was up on a year over-year basis in November, the pace of sales had…
A Distinguished Russian Hill Drop
Redesigned by Cass Calder Smith in 2002, the 1,462-square-foot, two-bedroom unit #1202 in the Royal Towers at 1750 Taylor Street, “San Francisco’s most distinguished address,” traded for $2.55 million in…
Mortgage Rates Inch Down, Probability of Q1 Cut Slips
Having inched up from 6.61 to 6.66 percent over the past two weeks, the average rate for a benchmark 30-year mortgage has since inched back down to 6.60 percent, which…
East Bay Office Space Demand Nears a 30-Year Low, Supply Ticking Up
The effective office vacancy rate in the East Bay, not including Walnut Creek or further east, ticked over 21 percent at the end of December, with nearly 4.8 million square…