CFAH

Prominent Cultural District Site in the Mission Has Sold

Prominent Cultural District Site in the Mission Has Sold

As we first revealed earlier this year, the single-story House of Brakes building/garage on the southeast corner of 24th Street and South Van Ness, a rather nondescript concrete structure above which the iconic Carnaval (a.k.a. Golden Dreams of the Mission) mural was painted and subsequently restored on the building... Read More »

Pending Home Sales in S.F. Remain Down Over 30 Percent

While the number of homes on the market in San Francisco remains up over 30 percent on a year-over-year basis, as has been the case since early May, the number of single-family homes and condos in contract across San Francisco is still down over 30 percent and over 30... Read More »

$10 Million Reduction for Record-Setting Pac Heights Penthouse

$10 Million Reduction for Record-Setting Pac Heights Penthouse

Speaking of “recalibrating,” the list price for the record-setting Penthouse Unit #10 atop the überexclusive Pacific Heights building at 2006 Washington Street has just been reduced from $45 million to $35 million in one fell swoop. As we first revealed and reported at the time, the 5,400-square-foot unit was... Read More »

Plans to Expand and Convert Central SoMa Data Center Into…

Plans to Expand and Convert Central SoMa Data Center Into…

Built in 1924 and acquired for $9.25 million in March of 2006, plans to expand and convert the Colgate Building at 620 3rd Street, which also fronts Rich, is a contributor to the historic Clyde and Crooks Warehouses District and is currently being used as a data center, have... Read More »

Sellers “Recalibrating” as Mortgage Rates Climb, Buying Wanes

Sellers “Recalibrating” as Mortgage Rates Climb, Buying Wanes

The average rate for a benchmark 30-year mortgage ticked up another 11 basis points (0.11 percentage points) over the past week to 5.66 percent, an average rate which is now 97 percent higher than at the same time last year and 114 percent higher than last year’s all-time low... Read More »

Asking Rents in San Francisco Hold, Demand for Studios Up

Asking Rents in San Francisco Hold, Demand for Studios Up

Having jumped to $3,750 at the end of July, which was 11 percent higher than at the same time last year and 23 percent ($700) above last year’s nadir for rents, the weighted average asking rent for an apartment in San Francisco effectively held in August and remains 9... Read More »

Demand for Mortgages to Purchase Homes Continues to Shrink

Mortgage loan application volume in the U.S. dropped nearly 4 percent on a seasonally adjusted basis and 5 percent in the absolute over the past week, with a 4 percent drop in purchase mortgage activity, which is now 23 percent lower than at the same time last year and... Read More »

Indexes for Bay Area House and Condo Values Drop

Indexes for Bay Area House and Condo Values Drop

Having inched up 0.9 percent in May, 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 – dropped 1.3 percent in June, which was the largest month-over-month decline since the fourth quarter of... Read More »

Number of Homes for Sale in San Francisco Poised to Jump

Number of Homes for Sale in San Francisco Poised to Jump

The net number of homes on the market in San Francisco (i.e., inventory) has effectively held at 1,140 over the past two weeks despite typically dropping over 10 percent at the end of August. And as such, inventory levels in San Francisco are still over 30 percent higher than... Read More »

New Plans for a Wall of Townhomes to Rise Right Here

New Plans for a Wall of Townhomes to Rise Right Here

Challenged by neighbors and the City alike, albeit for very different reasons, plans to double the size of the 2,200-square-foot Nob Hill home which sits on the front of a 3,571-square-foot lot at 1151 Washington Street, adjacent to the Betty Ong Recreation Center’s playground, have been shelved.  And significantly... Read More »