Redesigned for Luxury and Put Back in Play

Redesigned for Luxury and Put Back in Play

The underdeveloped lot at the corner of Cleveland Street and Park Boulevard in Oakland’s Cleveland Heights neighborhood hit the market in 2004 with permitted plans for a 25-unit building – including 24 residential units, one commercial space and a 25-car garage – to rise on the 2805 Park Boulevard... Read More »

Benchmark Mortgage Rate Hits a 31-Month Low

Benchmark Mortgage Rate Hits a 31-Month Low

As foreshadowed, the average rate for a 30-year mortgage dropped 11 basis points over the past week to 3.73 percent, which is now down 121 basis points (1.21 percentage points) since the fourth quarter of last year and represents the lowest 30-year rate since November of 2016. At the... Read More »

Pending Home Sales Drop in the West but Tick Up Overall

Pending Home Sales Drop in the West but Tick Up Overall

Having dropped 1.5 percent in April, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 1.1 percent in May to 105.4 but remains 0.7 percent lower on a year-over-year basis and 6.1 percent below a cyclical high of... Read More »

Port Will Solicit Proposals for Contested Waterfront Lot and Piers

Port Will Solicit Proposals for Contested Waterfront Lot and Piers

San Francisco’s Board of Supervisors unanimously rejected an appeal of the approved, but hotly contested, plans for a temporary Navigation Center to be constructed on the Port’s current parking lot parcel known as Seawall Lot 330, across from Piers 30-32, last night. As such, three portable structures are now... Read More »

High-End Loft Fetches 15 Percent Over Its 2015 Price

High-End Loft Fetches 15 Percent Over Its 2015 Price

We’ve been intrigued by the truly high-end conversion of unit #102 at 355 Bryant Street since the 2,200-square-foot loft hit the market listed for $2.195 million, or roughly $1,000 per square foot, back in 2006, outfitted with Italian cabinetry, hardware, wall systems and book-matched slabs of Carrara marble. Reduced... Read More »

Index for Bay Area Home Values Ticks Up, Condos Down YOY

Index for Bay Area Home Values Ticks Up, Condos Down YOY

Having ticked up a downwardly revised 2.0 percent in March, 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 up 1.6 percent in April. And while the index remains 0.4 percent... Read More »

Pace of New Home Sales in the U.S. Takes Another Hit

Having dropped a downwardly revised 3.7 percent in April, the pace of new single-family home sales in the U.S. shed another 7.8 percent in May to a seasonally adjusted rate of 626,000 sales, which is 3.7 percent below the pace of sales at the same time last year. At... Read More »

Big Plans for Shuttered Nightclub Site

Big Plans for Shuttered Nightclub Site

Having been shuttered back in 2016, the sale of the Club Tapatio building at 4742 Mission Street, which once housed the Rock Garden and Club New Yorker as well, closed escrow last month. Plans to raze the longstanding club to make way for a seven-story residential building to rise... Read More »

Light House Condo now Listed at a Larger Seven-Figure Loss

Light House Condo now Listed at a Larger Seven-Figure Loss

Purchased for $6.495 million in April of 2016, the 5,493-square-foot “Light House” condo at 651 Dolores Street, one of four condos within the converted Second Church of Christ Scientist, across from Dolores Park, returned to the market in August of 2017 with a $6.795 million price. Reduced to $6.349... Read More »

Number of Homes for Sale in SF Holds, Pending Sales Down

While effectively unchanged over the past week, as expected, the number of homes on the market in San Francisco (710) is now running roughly even with the same time last year. At the same time, pending sales activity in the city remains down and has been running an average... Read More »