CFAH

Price for Over 14 Acres of Paradise Reduced Nearly 70 Percent

Price for Over 14 Acres of Paradise Reduced Nearly 70 Percent

Positioned as “the largest remaining undeveloped residential waterfront parcel in Marin County, and possibly the entire San Francisco Bay Area,” the 14.5-acre parcel at 2800 Paradise Drive in Tiburon, a parcel which includes around 2,000 feet of San Francisco Bay shoreline and has already been entitled for the development... Read More »

Mortgage Application Volume Ended 2022 Near a 30-Year Low

With the seasonally adjusted volume of applications for purchase mortgage loans across the U.S. having dropped 12 percent over the last two weeks of last year, purchase mortgage application volume was 42 percent lower at the end of 2022 than at the end of 2021. And with applications to... Read More »

Supersized Plans for Proposed SoMa Tower Now in Play

Supersized Plans for Proposed SoMa Tower Now in Play

While the City had balked at the proposed height of a 350-foot-tall tower to rise upon the former K&L Wine Merchants building parcel at 636 4th Street, after which plans for a code-compliant, 250-foot-tall, 271-unit tower to rise on the site were drawn, supersized plans for a 461-foot-tall tower... Read More »

Expectation Gap Widens in San Francisco

Despite the fact that the average list price per square foot of homes on the market in San Francisco is already 10 percent lower than at the same time last year, with over a third of the homes on the market having been reduced at least once, the expectation... Read More »

Contemporary Two Trades for Over $200K Below Its 2014 Price

Contemporary Two Trades for Over $200K Below Its 2014 Price

Purchased for $1.2 million in April of 2014, the 989-square-foot, two-bedroom unit #808 in the Linea development at 8 Buchanan, a south facing unit with “soaring views,” separated bedrooms, ample closet space and two bathrooms, returned to the market listed for $1.295 million in February of 2020 and was... Read More »

2022 Ends with Over 40% More Homes on the Market in S.F.

2022 Ends with Over 40% More Homes on the Market in S.F.

Having peaked in October, the net number of homes on the market in San Francisco has since dropped 50 percent with typical seasonality in play and driven by a pronounced slowdown in listing activity versus a jump in sales. In fact, pending sales have been down an average of... Read More »

Average Asking Rent in San Francisco Ended the Year Up, But…

Average Asking Rent in San Francisco Ended the Year Up, But…

While the weighted average asking rent for an apartment in San Francisco is ending the year around 5 percent higher than at the end of 2021, it ticked down 2 percent in December to $3,500 per month and dropped 6 percent in the fourth quarter of 2022, “with what... Read More »

Pending Price per Square Foot Drops to a Five-Year Low in S.F.

With the Case-Shiller index for Bay Area home values, which is a lagging indicator, having shed 13 percent since May and headed down, the average price per square foot of the homes which are in contract in San Francisco, which is a leading indicator, has just dropped under $860... Read More »

Index for Bay Area Homes Has Dropped 13%, Headed Down

Index for Bay Area Homes Has Dropped 13%, Headed Down

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 – ticked down another 1.7 percent in October. While the “San Francisco” index is still 0.6 percent “higher than it was at the same... Read More »

Two Modern Mansions and a Driveway with Hidden Parking

Two Modern Mansions and a Driveway with Hidden Parking

With permits to demolish the existing 3,600-square-foot home at 178 Sea Cliff Avenue and build a modern new 8,000-square-foot home on the site having survived a challenge, been approved and recently issued, plans to demolish the adjacent home at 170 Sea Cliff Avenue and build a similar, but slightly... Read More »