Reductions on the Rise, Let us Count the Ways…

With roughly 29 percent of the homes currently listed for sale in San Francisco have been reduced at least once, which is three percentage points higher than at the same time last year, we turn our attention to the various verbiage and positioning now in play. There’s the straightforward... Read More »

End-of-Year Pricing in Play

End-of-Year Pricing in Play

Purchased for $1,055,500 in June of 2017, the 819-square-foot unit #11G at 401 Harrison Street, a “highly coveted corner 1br home w/ water & marina views at The Harrison,” returned to the market priced at $1,149,000 last year. In addition to Siberian oak flooring and high-end appliances in the... Read More »

Bonus Development on the Edge of the Mission Closer to Reality

Bonus Development on the Edge of the Mission Closer to Reality

As we first reported earlier this year: In a move which shouldn’t catch any plugged-in readers by surprise, plans for 7-story development to rise upon the 1458 San Bruno Avenue parcel, adjacent to Potrero del Sol Park and the Meadows Livingstone School, on the southeastern edge of the Mission,... Read More »

Lavishly Remodeled Loft Fails to Fetch Its 2014 Price

Lavishly Remodeled Loft Fails to Fetch Its 2014 Price

Purchased for $1.18 million in late 2014, the lavishly remodeled unit #1 in the former Smitty Knitting Factory building at 75 Lansing Street, a 1,400-square-foot unit which features Venetian plaster, Italian tile, exotic wood finishes, returned to the market priced at $1.295 million this past June, a sale at... Read More »

Luxury Two-Bedroom Fetches $225K Less

Luxury Two-Bedroom Fetches $225K Less

As we outlined in September, having sold for $2.425 million in April of 2016 (with 35 percent down and a below average 2.848 percent interest rate on a $1.58 million loan), the two-bedroom unit #22E in the LUMINA tower at 338 Main Street returned to the market priced at... Read More »

Benchmark Mortgage Rate Inches Up, Fed Signals a Pause

Benchmark Mortgage Rate Inches Up, Fed Signals a Pause

The average rate for a 30-year mortgage inched up 5 basis points over the past week to 3.73 percent but remains 90 basis points (0.90 percentage points) below its mark at the same time last year and within 32 basis points of a three/six-year low, according to Freddie Mac’s... Read More »

Down a Million in Dolores Heights

Down a Million in Dolores Heights

The “one-of-a-kind” view home at 352 Cumberland Street, which totals around 2,800 square feet of space, including two vacant studio units which front the street, and occupies a 2,850-square-foot parcel on “one of the most coveted blocks in Dolores Heights,” a block and a half from Dolores Park, was... Read More »

Draft Plans and Timing for Affordable Condos to Rise in Mission Bay

Draft Plans and Timing for Affordable Condos to Rise in Mission Bay

The draft plans for a below market rate (BMR) condo building to rise up to 8 stories in height on Mission Bay Block 9A, a slender 30,000-square-foot site bounded by the future Bridgeview Way, China Basin Street, the future public green space (“P19”) fronting Terry A. Francois Boulevard and... Read More »

Luxury One-Bedroom Takes a $180K Hit

Luxury One-Bedroom Takes a $180K Hit

As we outlined in October: Purchased from the sales office for $1.57 million in February of 2016, the 993-square-foot, one-plus-bedroom unit #8J atop the Lumina plaza building at 333 Beale Street returned to the market priced at $1.449 million this past September. In addition to twelve-foot ceilings, two “spa-inspired... Read More »

Detailed Plans for Burned-Out North Beach Site Revealed

Detailed Plans for Burned-Out North Beach Site Revealed

As we first reported last week, big plans to demolish the façade of the burned-out Verdi Building at 659 Union Street, between Columbus and Powell in the heart of North Beach, and redevelop the site are in the works. And as newly rendered by Gould Evans below, the project... Read More »