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 »

One of Two Folsom Street Projects Positioned to Break Ground

One of Two Folsom Street Projects Positioned to Break Ground

Speaking of previously approved projects that have yet to break ground, the entitlements for the 230-unit development to rise at 667 Folsom Street are slated to expire in two months time and building permits for the project have yet to be requested. With that in mind, Equity Residential is... Read More »

Mortgage Rates Inch up but Poised to Slip

Mortgage Rates Inch up but Poised to Slip

The average rate for a 30-year mortgage inched up another 3 basis points over the past week to 3.78 percent but remains 105 basis points (1.05 percentage points) below its mark at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey. And while the average... Read More »

A Signature Two-Bedroom Just Slipped Below Its 2016 Price

A Signature Two-Bedroom Just Slipped Below Its 2016 Price

Purchased for $1.895 million in the first quarter of 2016, the 1,401-square foot unit #21G in the LUMINA tower at 338 Main Street returned to the market priced at $2.195 million this past July, a sale at which would have represented total appreciation of 15.8 percent for the “coveted... Read More »