While the number of single-family homes and condos on the market in San Francisco (930) is suddenly twice as high as it was at the same time last year, the big year-over-year jump is currently being driven by an exodus of listings last March. That being said, overall inventory... Read More »

Having been entitled by Planning last year, the plans for an 8-story building to rise up to 80 feet in height on the Out of the Closet site on the southeast corner of Polk and California have been slightly refined to yield 97 units, versus 100 as approved, but... Read More »

Purchased for a breathless “$1,700 per square foot,” or “$1.65 million for a tear down(!),” in the third quarter of 2019, plans to raze the uninhabitable 950-square-foot Portola District home that sits on a nearly 10,000-square-foot lot at 666 Hamilton Street have been drawn.  And if approved by Planning... Read More »

While the Fed has just affirmed its intentions to maintain a low rate environment through 2023, the average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time in seven months two weeks ago, inched up another 4 basis points (0.04 percentage points) over the... Read More »

Despite some recent misreports in the media, apartment rents in San Francisco haven’t started to rebound, at least not yet. In fact, the weighted average asking rent for an apartment in the city is still holding at around $3,100 month, which is down 22 percent on a year-over-year basis... Read More »

Nearly 7,000 applications (6,849) were received for the 108 Below Market Rate (“BMR”) rental units in the new 537-unit development at 500 Folsom Street, on Transbay Block 9, which was completed at the end of 2019. And while waylaid by the pandemic, BRIDGE Housing was able to have 100... Read More »

Having inched up a percent last week, the net number of homes on the market in San Francisco has since dropped 5 percent driven by an uptick in contract activity. And in fact, while there are still 22 percent more homes on the market (930) than at the same... Read More »

Purchased as a nearly 2,500-square-foot, “top floor flat in an elegant two-unit building in Jordan Park” for $1,662,500 in December of 2014, 68 Parker was extensively remodeled in 2015, with a redesigned higher-end kitchen, new baths and built-ins. The remodeled three-bedroom flat then re-sold for $2,625,000 in April of... Read More »

While the unemployment rate in San Francisco inched down from 6.4 percent in December to 6.3 percent in January, prior to the State’s Stay Home Order having been lifted at the end of the month, the drop was once again driven by a reduction in the local labor force... Read More »

The second phase of the approved master plan for redeveloping the 33-acre public housing development atop Potrero Hill, a five-phase plan which aims to eventually rebuild over 600 units of distressed public housing and create an additional 155 affordable homes, along with approximately 800 market rate units spread across... Read More »