Western SoMa Infill Back on the Boards

Western SoMa Infill Back on the Boards

Purchased for $1.25 million in March of 2006, plans to raze the two-story industrial building at 244 9th Street and construct an 8-story residential building on the Western SoMa site have been drafted by SIA Consulting. As envisioned, the 8-story building would yield 27 apartments, a mix of 13... Read More »

Index for Bay Area House Values Climbs, Up 12.2 Percent YOY

Index for Bay Area House Values Climbs, Up 12.2 Percent YOY

Having ticked up 2.1 percent in February, 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 – climbed another 3.2 percent in March.  And as such, the Bay Area index is up 12.2... Read More »

Apples-to-Apples for That High-End Noe Home

Apples-to-Apples for That High-End Noe Home

Having overcome a rather ironic effort to block its development, an effort which was positioned by the owners of the 6,000-square-foot home next door as a fight to preserve “the character and charm” of the neighborhood, the 5,165-square-foot Noe Valley home at 645 Duncan Street finished up construction in... Read More »

Pace of Sales Slows, Inventory Levels Tick Up in San Francisco

With the number of single-family homes and condos that were newly listed for sale in San Francisco having outpaced the number of new purchase contracts that were written over the past week, the net number of homes on the market across the city (i.e., inventory) ticked up 3 percent... Read More »

Prominent Market and Castro Corner Back in Play, Again

Prominent Market and Castro Corner Back in Play, Again

As we outlined back in 2017: While approved for the construction of a six-story building, with 24 residential units over 3,000 square feet of ground floor retail space and a 14-car garage back in 2013, a legal battle over the ownership and control of the prominent RC gas station... Read More »

Bay Area Employment and Labor Force Slip

Bay Area Employment and Labor Force Slip

While the State’s Stay Home Order were lifted in January and local restrictions on indoor dining, gyms, museums and other indoor attractions were relaxed in early March, with bars having since been allowed to reopen as well, the number of people living in San Francisco with a paycheck actually... Read More »

The Appreciation for a Luxurious Liberty Hill Home

The Appreciation for a Luxurious Liberty Hill Home

While legally a two-unit building, 250-252 Cumberland Street was redeveloped as a high-end, 4,000-square-foot Liberty Hill home in 2014 and sold for $6 million that October. Located half a block above Dolores Park, the five-bedroom home now features an open main floor, with “timeless design and sumptuous finishes,” a... Read More »

Home Sales in the U.S. Continue to Drop, Inventory Ticks Up

Home Sales in the U.S. Continue to Drop, Inventory Ticks Up

Having dropped to a 6-month low in March, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 2.7 percent in April to an annual rate of 5.85 million sales, which was 33.9 percent higher than in April of 2020, when pandemic-driven stay home orders were widespread,... Read More »

A Real San Francisco Icon Is on the Market

A Real San Francisco Icon Is on the Market

Built to serve the waterfront workers and new settlers in 1861, on what was then the waterfront to the south of Islais Creek, when the total population of San Francisco was around 60,000 and prior to the adjacent Islais Creek estuary having been filled with debris from the Great... Read More »

Benchmark Mortgage Rate Inches Up, Short-Term Rate Holds

Benchmark Mortgage Rate Inches Up, Short-Term Rate Holds

The average rate for a benchmark 30-year mortgage inched up 6 basis points (0.06 percentage points) over the past week to 3.00 percent but is still 24 basis points below its mark at the same time last year, 18 basis points lower than at the beginning April, and within... Read More »