Boardinghouse Turned Mansion Finally Trades

Boardinghouse Turned Mansion Finally Trades

Unofficially priced at $29.5 million when it was showcased in 2008, the 15,000-square-foot Pacific Heights mansion at 2820 Scott Street, which was a boarding house prior to being purchased by the Paige family in 2005, after which it was renovated, remodeled, and re-decorated, has been on and off the... Read More »

Permits for a Designer Mega-Mansion Have Been Secured

Permits for a Designer Mega-Mansion Have Been Secured

As we outlined back in 2018: Purchased by Mark and Alison Pincus for $16 million in 2012, the nearly 12,000-square-foot Pacific Heights pad at 2950 Pacific Avenue, the rear facade of which is pictured above, returned to the market in 2014 with plans to add a bunker below the... Read More »

Mortgage Rates Inch Up

Mortgage Rates Inch Up

Having inched over 3 percent for the first time in seven months last week, the average rate for a benchmark 30-year mortgage has since inched up another 3 basis points (0.03 percentage points) to 3.05 percent. That being said, the average 30-year rate is still 31 basis points below... Read More »

Densified Polk Street Development Positioning to Break Ground

Densified Polk Street Development Positioning to Break Ground

With the refined plans for a denser, 53-unit building to rise up to 65 feet in height upon the current Jug Shop complex site, on the northeast corner of Polk and Pacific, having been approved and permit requests for the project having been filed, the project team is positioning... Read More »

Mortgage Loan Activity Slips Driven by a Drop in Refinancings

Having ticked up 2 percent last week, mortgage loan activity across the U.S. has since slipped a percent, driven by a drop in refinancing activity, according to the Mortgage Bankers Association. In fact, while applications to refinance were up 100 percent on a year-over-year basis just two months ago,... Read More »

Redesigned Penthouse Reduced, Donated and in Contract

Redesigned Penthouse Reduced, Donated and in Contract

Purchased for $2.85 million in May of 2013, the 2,100-square-foot penthouse unit 1C atop the Watermark at 501 Beale Street was redesigned and dramatically remodeled in 2014, yielding a designer residence with an open floor plan; panoramic Bay, bridge and city views; and an oversized master suite with an... Read More »

COVID Case Rate Drops to a 4-Month Low in San Francisco

COVID Case Rate Drops to a 4-Month Low in San Francisco

Having hit a revised pandemic high of 375 on January 8, the 7-day average number of daily new COVID-19 cases diagnosed in San Francisco has dropped to 52, which is the lowest 7-day average since the end of October, 2020, with a percent positive rate for those who are... Read More »

Challenged Infill on Valencia Street Slated for Approval

Challenged Infill on Valencia Street Slated for Approval

Speaking of bonus-sized infill buildings poised to rise in the Mission, the refined plans for a 65-foot-tall building to rise on the San Francisco Auto Works parcel at 1021 Valencia Street are slated to be approved this week. While the parcel is technically only zoned for development up to... Read More »

Inventory Levels Inch Up in San Francisco

Having slipped last week, the net number of homes on the market in San Francisco has since inched back up 1 percent to 980, representing 35 percent more inventory than at the same time last year and versus a nearly 30 percent deficit nationwide. That being said, while inventory... Read More »

Bonus-Sized Development in the Mission Closer to Reality

Bonus-Sized Development in the Mission Closer to Reality

As we first revealed back in 2019, a redesign of the proposed development to rise on the shuttered Mission District garage site at 1721 15th Street was in the works, a bonus-sized approach which could more than double the number of units to rise on the parcel as originally... Read More »