Sub-2016 Pricing for a Luxury Two-Bedroom with Views

Sub-2016 Pricing for a Luxury Two-Bedroom with Views

Purchased for $2.425 million in April of 2016, the two-bedroom unit #22E in the LUMINA tower at 338 Main Street returned to the market looking nearly new and priced at $2.488 million this past June, a sale at which would have represented total appreciation of 2.6 percent for the... Read More »

Calling All Billionaires, or Deep-Pocketed Developers, Take Two

Calling All Billionaires, or Deep-Pocketed Developers, Take Two

Having sat vacant since the former house which had occupied the prime Russian Hill parcel on the northwest corner of Broadway and Taylor was demolished back in 1910, big plans to redevelop the oversized 1000 Broadway site were pitched back in 2006. In 2012, the hedge fund which had... Read More »

Supersized Plans for North Beach Factory Site Rendered Anew

Supersized Plans for North Beach Factory Site Rendered Anew

As we first reported earlier this month, bigger plans to redevelop the iconic Buon Gusto Sausage Factory building at 535 Green Street – which was once the largest sausage and salami producing facility in the west – and its adjacent parking lot parcel are in the works. And having been... Read More »

Bay Area Home Sales and Median Price Were Down, Again

Bay Area Home Sales and Median Price Were Down, Again

While the number of single-family homes and condos that traded hands across the greater Bay Area inched up 0.5 percent from June to just over 7,400 in July, sales were down 2.2 percent on a year-over-year basis and totaled an eight-year seasonal low, according to recorded sales data from... Read More »

Revised Plans for Cursed Van Ness Corridor Corner Approved, But…

Revised Plans for Cursed Van Ness Corridor Corner Approved, But…

The revised plans for a seven-story building to rise up to 70 feet in height on the southeast corner of Pacific and Van Ness, as newly rendered by Ian Birchall and Associates below, were approved last month. And with its 30-day appeal period having expired on Monday, the project... Read More »

Pending Home Sales in the US Drop

Pending Home Sales in the US Drop

Despite mortgage rates having dropped to a near three-year low, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, dropped 2.5 percent in July to 105.6, which is now down 0.3 percent on a year-over-year basis and 6.0 percent below... Read More »

Different Drivers Pushing Average Rents up in SF and Oakland

Different Drivers Pushing Average Rents up in SF and 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 to around $4,350 per month, which is roughly 2 percent above its mark at the same time last year and within a percent of its... Read More »

Height of Proposed Tower(s) Likely to Be Reduced

Height of Proposed Tower(s) Likely to Be Reduced

As we first revealed last month, bonus plans for a 245-unit residential building to rise up to 294 feet in height on the northwest corner of Harrison and Hawthorne have been drawn.  And in order to build up to 294 feet in height upon the 650 Harrison Street parcel,... Read More »

Indexed Appreciation for Bay Area Homes Drops to Under a Percent

Indexed Appreciation for Bay Area Homes Drops to Under a Percent

Having inched up 0.3 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 – eked out a 0.2 percent gain in June. As such, the index is now 0.2 percent... Read More »

Price for the “Most Expensive Home in San Francisco” Reduced

Price for the “Most Expensive Home in San Francisco” Reduced

Priced at $45 million last year, which was misreported by some as being “the most expensive home ever listed” in San Francisco, “Residence 950” at 950 Lombard Street – which now offers around 9,500 square feet of rather spectacular living space spread across a 15,700-square-foot Russian Hill lot with... Read More »