Mission District Infill in the Works: B&W Sevice Center Edition

Mission District Infill in the Works: B&W Sevice Center Edition

Plans to raze the B&W Automotive Service Center building on the northwest corner of 26th Street and Shotwell are in the works. And as envisioned, a four-story building with 22 apartments (a mix of 4 studios, 9 one-bedrooms and 9 twos) over 6,600 square feet of commercial space, with... Read More »

Let the Bargaining Begin

Let the Bargaining Begin

While it failed to sell in 2011, having been “lavishly remodeled” with Venetian plaster, Italian tile, exotic woods and a floor plan “inspired by a Feng Shui Master,” the 1,400-square-foot unit #1 in the former Smitty Knitting Factory building at 75 Lansing Street ended up trading for $1.18 million... Read More »

Mortgage Rates Drop, Probability of a Rate Hike: Zero

Mortgage Rates Drop, Probability of a Rate Hike: Zero

As we expected, the average rate for a 30-year mortgage dropped 9 basis points over the past week and now measures 3.69 percent, according to Freddie Mac’s latest Mortgage Market Survey. And as such, the 30-year rate is now 125 basis points (1.25 percentage points) below its mark at... Read More »

Home Prices Rise in 93 Percent of Metro Areas, Bay Area Excluded

According to the National Association of Realtors, “single-family median home prices increased year-over-year in 93% of measured markets in the third quarter, with 166 of 178 metropolitan statistical areas showing sales price gains” and an average gain of 5.1 percent over the past year.  And that’s up from 91... Read More »

35 Percent of San Francisco Residents Now Say They’re Likely to Leave

35 Percent of San Francisco Residents Now Say They’re Likely to Leave

According to the City of San Francisco’s latest City Survey, the percentage of San Francisco residents who say they are either “somewhat” or “very” likely to move out of the city in the next three years is up to 35 percent. That’s up from 27 percent two years ago,... Read More »

Reduced to Incite a Bidding War in Bayview

Reduced to Incite a Bidding War in Bayview

Having been taken down to the studs and expanded to 2,908 square feet of space, the now four-bedroom home at 1683 Newcomb Avenue returned to the market in early 2017 and sold for $1.45 million, or roughly $500 per square foot, that June. This past July, the Bayview home... Read More »

Real Estate Related Election Results in San Francisco (UPDATED)

Based on a preliminary election day tally of 115,265 votes, which represents 23.28 percent of a potential 495,050 votes which could have been cast in San Francisco, here are the likely results for the two real estate related ballot measures we’re tracking: Proposition A (Issuance of a $600 Million... Read More »

Big Plans for Modern-Day SRO Hotel(s) to Rise in the Mission

Big Plans for Modern-Day SRO Hotel(s) to Rise in the Mission

As we noted when the Mission District parking lot parcel on the southeast corner of South Van Ness Avenue and 15th Street traded hands for $4.995 million at the end of last year: “…while plans for the 7,100-square-foot parcel have yet to be submitted to Planning, the 401 South... Read More »

Number of Homes on the Market in San Francisco Ticks Down

The number of homes on the market in San Francisco (950) ticked down 6 percent over the past week as is typical for this time of the year. But overall inventory levels remain 1 percent higher on a year-over-year basis and are holding at an 8-year seasonal high. At... Read More »

Residential Conversion of Historic Garage Slated for Approval

Residential Conversion of Historic Garage Slated for Approval

Having skirted foreclosure by way of a bankruptcy filing two years ago, at which point the building was on the market as a high-end development site with an $8.9 million price tag, the former Green Street Auto Body garage at 1776 Green Street ended up selling for $5.75 million... Read More »