Plans to Erase this Instagram Famous Façade

Plans to Erase this Instagram Famous Façade

The “two-bedroom” home at 2140 Great Highway hit the market earlier this year, with a marketing push touting its “Mondrian inspired” paint job (which the seller had successfully maintained for two decades). “Featuring unobstructed views of the sun, sky, sand and surf,” and a newly landscaped backyard (not to... Read More »

Benchmark Mortgage Rate Slips, Odds of an Easing Drops

Benchmark Mortgage Rate Slips, Odds of an Easing Drops

The average rate for a 30-year mortgage dropped 6 basis points over the past week to 4.14 percent, which is 41 basis points below the average rate as measured at the same time last year (4.55 percent), according to Freddie Mac’s latest Mortgage Market Survey data. At the same... Read More »

Population Growth of San Francisco Really Slows Its Roll

Having grown at an average rate of over one percent per year over the past decade, peaking at 1.7 percent in 2012, the estimated population of San Francisco proper inched up 0.3 percent in 2018, from a downwardly revised 880,980 at the start of last year to 883,869 as... Read More »

Renovated Cottage and Rose Garden Priced at $898K

Renovated Cottage and Rose Garden Priced at $898K

Set behind an unassuming privacy fence and garage at 745 Lakeview Avenue sits a landscaped courtyard and entrance to a renovated 672-square-foot, two-bedroom cottage. The home’s remodeled kitchen has been outfitted with Sub-Zero and Thermador appliances, Caesarstone counters and Kona-finished cabinetry. Its bathroom sports an original tub surrounded by... Read More »

Asking Rents Inch Up in San Francisco, Slip in Oakland

Asking Rents Inch Up in San Francisco, Slip in Oakland

The weighted average asking rent for an apartment in San Francisco, including one-off rentals as well as units in larger developments, has inched up $25 over the past month to $4,175, which is roughly 2 percent higher versus the same time last year but still 5 percent below its... Read More »

Index for Bay Area Home Values Ekes Out a Gain

Index for Bay Area Home Values Ekes Out a Gain

Having dropped 1.3 percent in January, 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) inched up 0.6 percent in February. That being said, the index has still dropped 3.7 percent since the third... Read More »

Fewest First Quarter Home Sales in San Francisco Since 2009

Recorded home sales in San Francisco totaled just under 1,000 in the first quarter of 2019. That’s down nearly 13 percent versus the first quarter of last year, the fewest first quarter sales since a total of 833 in the first quarter of 2009, and down from over 1,800... Read More »

Pending U.S. Home Sales Tick Up

Pending U.S. Home Sales Tick Up

Having slipped 1 percent in February, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 3.8 percent in March to 105.8 but remains 1.2 percent lower on a year-over-year basis and 5.8 percent below a cyclical high of... Read More »

Bay Area Home Sales Are Down, Median Price Has Slipped

Bay Area Home Sales Are Down, Median Price Has Slipped

Following a trend which shouldn’t catch any plugged-in readers by surprise, while the number of single-family homes and condos that traded hands across the greater Bay Area increased a seasonally driven 39.4 percent from February to March, total sales (6,124) were down 14.8 percent on a year-over-year basis.  And... Read More »

Designer Penthouse Fetches a Few Percent over Its 2016 Price

Designer Penthouse Fetches a Few Percent over Its 2016 Price

Purchased for $3.125 million in mid-2016, having been listed for $3.2 million, the designer two-bedroom penthouse #708 atop 255 Berry Street, which features a wood-paneled ceiling, walls and wide plank floors, returned to the market listed for $3.195 million last month. In addition to an open floor plan with walls... Read More »