Asking Rents in Oakland Inch Up, But…

Asking Rents in Oakland Inch Up, But…

Having slipped back under $2,300 a month a few weeks ago, the weighted average asking rent for an apartment in Oakland has since inched up around 2 percent to a little over $2,300 a month but is still 12 percent lower than at the same time last year and... Read More »

The Return(s) of a Formerly Foreclosed Upon Noe Valley Home

The Return(s) of a Formerly Foreclosed Upon Noe Valley Home

Having been foreclosed upon, flipped and then completely remodeled to yield a nearly 3,000-square-foot Noe Valley home, with a “dramatic open floor plan,” four en-suite bedrooms and a two-car garage, 1164 Church Street sold for $2.45 million in October of 2013, as we outlined at the time. Since further... Read More »

Pace of Construction in San Francisco Drops, but…

Pace of Construction in San Francisco Drops, but…

With the number of units of housing that finished up construction across San Francisco at the end of last year having outpaced the number of units for which the ground was newly broken, the net number of units under construction across the city dropped 8 percent from the third... Read More »

Number of Homes on the Market in San Francisco Ticks Up

Number of Homes on the Market in San Francisco Ticks Up

Having inched up 2 percent last week, the net number of homes for sale across San Francisco has since ticked up another 4 percent to around 920, which is 10 percent more homes on the market than at the same time last year, another 10-year seasonal high and 90... Read More »

Apartment Rents in San Francisco Appear to Have Bottomed

Apartment Rents in San Francisco Appear to Have Bottomed

Having continued to inch down last month, the weighted average asking rent for an apartment in San Francisco appears to have bottomed at around $3,050 a month, down around 25 percent since the pandemic hit and nearly 32 percent below a 2015-era peak. And with the average asking rent... Read More »

Auction of Marin Mega-Estate Site Fades to Black

Auction of Marin Mega-Estate Site Fades to Black

Listed for $39 million back in 2015, the asking price for the 140-acre “King Mountain Estate” site, an assemblage of six Marin parcels stretching from Kentfield to Larkspur, upon which a local rock god had planned to build a modern 19,000-square-foot home, was dropped to $25 million last year,... Read More »

Scofflaw Permit Expediter Agrees to a $1.7 Million Settlement

Scofflaw Permit Expediter Agrees to a $1.7 Million Settlement

Walter Wong, the permit expediter for the 555 Fulton Street project and head of the W. Wong Construction Company, has agreed to repay the City for $1.45 million in no-bid contracts and grants awarded to Wong and his companies by San Francisco’s Department of Public Works, the SFPUC, and... Read More »

Conversion of Iconic Union Square Building Closer to Reality

Conversion of Iconic Union Square Building Closer to Reality

The plans for redeveloping the iconic I. Magnin/Macy’s Building on the southwest corner of Geary and Stockton, across from Union Square, have been refined as newly rendered by Handel Architects. While the top three floors of the building are still envisioned to be converted into 21 high-end condos, the... Read More »

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

The average rate for a benchmark 30-year mortgage inched down another 2 basis points (0.02 percentage points) over the past week to 2.94 percent, which is 34 basis points below its mark at the same time last year, down 24 basis points over the past six weeks, and back... Read More »

San Francisco’s City Hall Will Reopen in June

San Francisco’s City Hall Will Reopen in June

Having closed to the public in March of last year, San Francisco’s City Hall will reopen for in-person services, such as applying for marriage licenses, obtaining birth and death certificates, recording and researching documents, registering businesses, and the processing of property and business taxes and fees, along with general... Read More »