800-Foot-Tall Tower Slated for Planning’s Approval

800-Foot-Tall Tower Slated for Planning’s Approval

San Francisco’s Planning Commission is slated to approve the refined plans for a 61-story tower to rise up to 800 feet in height at 542-550 Howard Street (a.k.a. Transbay Parcel F) next week, a development which would yield a 189-room hotel, 275,000 square feet of office space and 165... Read More »

Mortgage Rates Start the Year Down, Little Chance of a Hike

Mortgage Rates Start the Year Down, Little Chance of a Hike

Having held relatively firm over the past three weeks, the average rate for a 30-year mortgage is starting the New Year at 3.73 percent, down 79 basis points (0.79 percentage points) on a year-over-year basis and within 32 basis points of a three/six-year low, according to Freddie Mac’s latest... Read More »

Index for Bay Area Home Values Slips Again Despite National Gains

Index for Bay Area Home Values Slips Again Despite National Gains

Having turned negative two months ago, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – has since shed 1.5 percent of its value, an outcome which shouldn’t catch any plugged-in readers by... Read More »

Cool St. Paul’s Condo Effectively Fetches its 2015 Price

Cool St. Paul’s Condo Effectively Fetches its 2015 Price

Purchased for $1.95 million in June of 2015, the 1,753-square-foot unit #7 in the former St Paul’s Primary School building at 300 Valley Street returned to the market priced at $2.195 million this past September, at sale at which would have represented total appreciation of 12.6 percent for the... Read More »

2019 Ends with Fewer Homes for Sale in SF, Pending Sales Up

2019 Ends with Fewer Homes for Sale in SF, Pending Sales Up

With only a handful of homes having been newly listed for sale over the past week and the seasonal culling of unsold listings – most of which are likely return to the market as “new” in the new year – having peaked, the number of homes officially listed for... Read More »

Pace of Pending Home Sales in the U.S. Rebounds

Pace of Pending Home Sales in the U.S. Rebounds

Having slipped 1.7 percent in October, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 1.2 percent in November to 108.5. As such, the pace of new contract signings across the U.S. is now running 7.4 percent higher... Read More »

Babies Kept San Francisco’s Population from Falling in 2019

Babies Kept San Francisco’s Population from Falling in 2019

Having really slowed its roll last year, the estimated population of San Francisco proper continued to grow at an annual rate of 0.3 percent in the first half of 2019 and hit a record high of 889,360 as of July 1. That being said, for the first time in... Read More »

Asking Rents Slip in San Francisco, Nearing Peak in Oakland

Asking Rents Slip in San Francisco, Nearing Peak in Oakland

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, dropped a little over 5 percent over the past quarter to $4,050 per month. While an end of year drop is typical, keep in mind that the average... Read More »

Revised Plans for Grubstake Site Closer to Reality

Revised Plans for Grubstake Site Closer to Reality

As we first reported back in 2015: Prior to closing escrow on his purchase of the iconic Grubstake restaurant at 1525 Pine Street, buyer Nicholas Pigott quietly engaged D-Scheme Studio to draft plans for razing the restaurant and constructing a slender seven-story building on the Polk Gulch site, with... Read More »

Sophisticated Second Street Condo Trades for a 2013-era Price

Sophisticated Second Street Condo Trades for a 2013-era Price

Purchased for $2.299 million in the first quarter of 2013, the “sophisticated” South Beach condo #502 at 750 Second Street, a boutique, LEED Gold Certified 14-unit building “in the immediate vicinity of our city’s sports complexes…and all the fabulous bars, restaurants, and cafes for which the area is so... Read More »