Asking Prices Drop in San Francisco, Expectation Gap as Well

With the number of homes on the market in San Francisco nearing a two-decade high, a move which shouldn’t have caught any plugged-in readers by surprise, and the asking price for a third of said homes having been reduced at least once, the average price per square foot of... Read More »

Revised Timing for Massive Power Plant Redevelopment

Revised Timing for Massive Power Plant Redevelopment

Independent of any ongoing impact related to the pandemic or economy in general, the proposed phasing and building timeline for the massive redevelopment of the 29-acre Potrero Power Plant site has been amended and approved. Rather than building in six phases over the course of 16 years, the team... Read More »

Single-Family Home Inventory Just Hit a 9-Year High in S.F.

Despite some misreports to the contrary, the market for single-family homes in San Francisco hasn’t become detached from the market for condos. While the market for condos tends to be more volatile, with higher highs, lower lows and faster swings between the two, it remains a leading indicator for... Read More »

Apples-to-Apples for an Elegant Presidio Heights Pad

Apples-to-Apples for an Elegant Presidio Heights Pad

Purchased for $2.71 million in May of 2016, the 1,890-square-foot, three-bedroom condo at 3341 Jackson Street, with a private entrance and “house-like” floorplan on “one of the most elegant blocks of Presidio Heights,” returned to the market priced $2.95 million this past March. The full-floor unit in a classic... Read More »

Remodeled Bayview Home Returns (Sans That $8K Stove)

Remodeled Bayview Home Returns (Sans That $8K Stove)

As we highlighted in the third quarter of last year: Purchased for $950,000 in February of , the 1,700-square-foot, four-bedroom Bayview Heights home at 1119 Hollister Avenue was subsequently taken “down to the studs” and subfloors. A structural wall was removed to open up the floor plan, a third... Read More »

Reduced Listings Hit a 10-Year High in San Francisco

With the number of homes on the market in San Francisco nearing a two-decade high and the percentage of homes on the market with a list price that has been reduced at least once having ticked up to 31 percent, which is 14 percentage points, or roughly 80 percent,... Read More »

Apples-to-Apples for Another Efficient Two-Bedroom

Apples-to-Apples for Another Efficient Two-Bedroom

The 714-square-foot, two-bedroom unit #411 was the last unit to sell in the Hayes Valley development at 388 Fulton Street back in 2016.  And while originally priced by the sales office at $962,000, which was in-line with the pricing for the other 68 units in the building which sold,... Read More »

Number of Homes for Sale in S.F. Nearing A Two-Decade High

Number of Homes for Sale in S.F. Nearing A Two-Decade High

Having jumped over 20 percent in September, a move which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of all sales, both pending and closed, has just ticked up to 1,900 for the first time in a decade... Read More »

Exemption for Modern Infill Project Upheld, But…

Exemption for Modern Infill Project Upheld, But…

As we outlined back in June: The “necessary, desirable, and compatible” plans for a decidedly modern infill development of four little single-family dwellings to rise up to 20 feet in height on the undeveloped “flag lot” at 1846 Grove Street – a parcel which is effectively bounded by the... Read More »

Rental Concession Ante Just Raised Again in San Francisco

In a move that shouldn’t catch any plugged-in readers by surprise, with rents continuing to tumble and vacancy rates on the rise, Related has just upped the rental concession ante in San Francisco and is now offering up to three (3) months of complimentary rent to new residents who... Read More »