CFAH

Office Vacancy Rate in the East Bay Nearing 18 Percent

Office Vacancy Rate in the East Bay Nearing 18 Percent

With the office vacancy rate in San Francisco having ticked over 20 percent, with over 17 million square feet of vacant space, the vacancy rate for office space in the East Bay, not including Walnut Creek or further east, has ticked upfrom 16.8 in the first quarter of the... Read More »

Rebound in S.F. Rents Slows, Still Down Over 20 Percent

Rebound in S.F. Rents Slows, Still Down Over 20 Percent

Having rebounded a combined 6 percent in May and June, the weighted average asking rent for an apartment in San Francisco has since ticked up around (1) percent to $3,275 per month. As such, the average asking rent for an apartment in the city is still over 20 percent... Read More »

Landmark Mansion on the Market for $5.85M

Landmark Mansion on the Market for $5.85M

Known as “Nobby Clarke’s Folly” back in the day, the 8,395-square-foot Alfred E. Clarke Mansion at 250 Douglass Street, which occupies the southwest corner of Caselli Avenue in Eureka Valley/Corbett Heights, is now on the market with a $5.85 million price tag. Built for Alfred “Nobby” Clarke on the... Read More »

Pace and Price of Existing Home Sales in the U.S. Tick Up, But…

Pace and Price of Existing Home Sales in the U.S. Tick Up, But…

Having dropped to an 11-month low in May, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.4 percent in June to an annual rate of 5.86 million sales, which was 22.9 percent higher than in June of last year, when pandemic-driven stay home orders were... Read More »

Benchmark Mortgage Rate Drops, Nearing an All-Time Low

Benchmark Mortgage Rate Drops, Nearing an All-Time Low

Having inched down to a five-month low last week, the average rate for a benchmark 30-year mortgage has since dropped another 10 basis points (0.10 percentage points) to 2.78 percent, which is 23 basis below its mark at the same time last year and within 13 basis points of... Read More »

Building with 65 Below Grade Beds Slated for Approval

Building with 65 Below Grade Beds Slated for Approval

A sister project to the proposed SRO development to rise up to 86 feet in height on the southeast corner of South Van Ness Avenue and 15th Street, with around 150 above-ground micro-units and 65 underground “sleeping units,” the refined plans for an eight-story, 85-foot-tall building, with 225 beds... Read More »

Mortgage Loan Activity Down 18 Percent, Year-Over-Year

While the number of homes for sale across the U.S. has ticked up, and the average 30-year rate is back under 3 percent, mortgage loan application volumes ticked down 4 percent on a seasonally adjusted basis over the past week. In fact, application volumes are now down 18 percent... Read More »

Inventory Inches Up in S.F., Price Per Square Foot Down

Inventory Inches Up in S.F., Price Per Square Foot Down

With the number of homes that were listed for sale in San Francisco over the past week having outpaced the number of purchase contracts that were written, the net number of homes on the market in the city ticked up 2 percent to 990, representing 28 percent fewer listings... Read More »

Bernal “Compound” Fetches an “Over Asking” Price, But…

Bernal “Compound” Fetches an “Over Asking” Price, But…

As we outlined last month: Listed for $4.2 million in January of 2019, the asking price for the “unparalleled view compound” on a 6,300-square-foot lot at 276 Ripley Street, a 4-bedroom Bernal Heights home with a contemporary open floor plan and “at-your-door access to the iconic walker’s paradise, Bernal... Read More »

Bay Area Employment Inches Up, Still Down Over 300K

Bay Area Employment Inches Up, Still Down Over 300K

Having increased by 5,700 in May, the number of people living in San Francisco with a paycheck increased by 4,700 in June to 521,400, representing the most employed residents in San Francisco since the pandemic hit and 33,100 more employed residents in the city than there were at the... Read More »