Number of Homes for Sale in San Francisco Ticks Up

With the number of single-family homes and condos that were newly listed for sale in San Francisco over the past week having outpaced the number of new purchase contracts that were written, the number of homes on the market across the city (i.e., inventory) ticked up a (1) percent... Read More »

Over 320,000 Bay Area Jobs Have Been Recovered, But…

Over 320,000 Bay Area Jobs Have Been Recovered, But…

Having dropped in January, the number of people living in San Francisco with a paycheck increased by 7,100 in February to 510,200, which is 31,500 more employed people than there were last April, at the height of pandemic unemployment locally, but still 60,600 fewer employed residents than there were... Read More »

Officially 20 Percent “Over Asking!” in the Bayview

Officially 20 Percent “Over Asking!” in the Bayview

Renovated in 2017, incorporating original detailing while opening up the main floor, “to accommodate today’s living needs,” the 2,112-square-foot, four-bedroom Bayview home with a garage at 1343 Palou Avenue was listed for $1,359,000 last March. When an acceptable over-asking offer failed to materialize, the list price for the home... Read More »

Apples-to-Apples for a Modern Two-Bedroom

Apples-to-Apples for a Modern Two-Bedroom

Purchased for $1.05 million in December of 2017, the two-bedroom, two-bath unit #504 in the Rowan building at 338 Potrero, which “exemplifies modern living,” returned to the market priced at $999,000 two months ago. In addition to being outfitted with an open and efficient floor plan, floor-to-ceiling windows, and... Read More »

Benchmark Mortgage Rate Nearing a 10-Month High

Benchmark Mortgage Rate Nearing a 10-Month High

The average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time since last July earlier this month, inched up another 8 basis points (0.08 percentage points) over the past week to 3.17 percent and is nearing a 10-month high. That being said, the... Read More »

Corona Heights Castle, Cleaned Up and Flipped

Corona Heights Castle, Cleaned Up and Flipped

Purchased in a state of disrepair, with “years of deferred maintenance,” for $1.11 million in March of last year, the three-bedroom, one-bath Corona Heights “Castle” at 253 States Street has since been cleaned up and flipped. In addition to having cleaned up the interior and exterior of the 1,687-square-foot... Read More »

Refinancing Activity Hits a 6-Month Low

With refinancing activity having dropped to a six-month low, and currently down 13 percent on a year-over-year basis, versus 100 percent higher just two months ago, mortgage loan application volumes only slipped 2 percent in the U.S. last week, buoyed by a 3 percent increase in purchase loan activity,... Read More »

Muted Appreciation for the Ghirardelli Mansion

Muted Appreciation for the Ghirardelli Mansion

Purchased for $4 million in late 2012, the 6,500-square-foot Piedmont mansion at 636 Highland Avenue, which was built for the Ghirardelli family in the early 1900’s, resold for $4.65 million in October of 2016, representing total appreciation of 16.3 percent for the restored East Bay mansion over those four... Read More »

Pace of New Home Sales in the U.S. Drops Over 18 Percent

Pace of New Home Sales in the U.S. Drops Over 18 Percent

Having ticked up 3.2 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 18.2 percent last month to an annualized rate of 775,000 sales, which is nearly 21 percent below the 14-year high it registered last July/August. That being said, the February... Read More »

Pace of Home Resales in the U.S. Takes a Real Hit

Pace of Home Resales in the U.S. Takes a Real Hit

Having inched up in January, the seasonally adjusted pace of existing-home sales across the U.S. dropped 6.6 percent last month to an annual rate of 6.22 million sales, which is still 9.1 percent higher than at the same time last year but a significant drop, on a year-over-year basis,... Read More »