Most Sub-Million Dollar Homes on the Market in S.F. Since 2016

Most Sub-Million Dollar Homes on the Market in S.F. Since 2016

The number of homes on the market in San Francisco, net of new sales, continues to climb and just crossed the 1,200 mark for the first time in 9-years. In fact, there are now 90 percent more homes on the market than at the same time last year and... Read More »

Pending Home Sales Inch Up in San Francisco, But…

For the first time since San Francisco’s stay-at-home order was issued in March, the number of homes in contract to be sold is effectively even on a year-over-year basis. That being said, the rebound in “pent up” sales activity, which was down nearly 50 percent at its nadir in... Read More »

Pending Home Sales Rebound Nationwide

Pending Home Sales Rebound Nationwide

Following two months of twenty-plus percent declines, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rounded 44.3 percent in May to 99.6 but remains 5.1 percent below its mark at the same time last year... Read More »

Proposal Deadline for Contested Waterfront Lot and Piers

Proposal Deadline for Contested Waterfront Lot and Piers

Responses to the Port of San Francisco’s Request for Proposals (RFP) to redevelop Piers 30-32, which is currently serving as a COVID-19 testing site, and Seawall Lot 330 across the street, upon which the hotly contested Embarcadero Navigation Center was constructed, are due today, June 26. Keep in mind... Read More »

Plans for Condos Atop Iconic Union Square Building Progress

Plans for Condos Atop Iconic Union Square Building Progress

As we first revealed earlier this year, plans to redevelop the iconic I. Magnin/Macy’s Building on the southwest corner of Geary and Stockton, across from Union Square, were in the works, plans which included the addition of 21 residential condos atop the building; the conversion of the building’s middle... Read More »

Deep Cut(s) for Storied North Beach Venue

Deep Cut(s) for Storied North Beach Venue

As we outlined in September of last year: Built for an Italian men’s club in 1919, complete with a gym, boxing ring, and private social/supper club space, the ornate “Garibaldi Hall” at 435/443 Broadway, which is now on the market, has a storied history to tell. The roughly 12,000-square-foot... Read More »

Squatter/Denser Plans for Lower Potrero Hill Site

Squatter/Denser Plans for Lower Potrero Hill Site

Plans to level the low slung commercial complex at 300 De Haro and develop a 13-story building at the corner of 16th Street appear to have been abandoned.  But a squatter set of plans for the odd shaped Lower Potrero Hill site have been drawn. While the 13-story structure was... Read More »

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Having climbed to over 57,500 in April, the number of San Francisco residents that filed a new/initial unemployment claim dropped to 24,243 in May. That being said, the number of employed people residing in the city has continued to decline and over 133,000 new unemployment claims have been filed... Read More »

Plans to Raze $16 Million Sea Cliff Home and Build Anew

Plans to Raze $16 Million Sea Cliff Home and Build Anew

Quietly acquired for $16 million in August of last year, plans to raze the 11,351-square-foot, three-story Mid-Century home at 4 Sea Cliff Avenue – which was built in 1956, expanded in 1998, upgraded in 2016 and occupies a 26,432-square-foot parcel overlooking Baker Beach, the Golden Gate and its Bridge... Read More »

Asking Rents in San Francisco Drop Even More, Listings Double

Asking Rents in San Francisco Drop Even More, Listings Double

The weighted average asking rent for an apartment in San Francisco has now dropped to $3,825 a month. While that’s not exactly cheap, it’s nearly 7 percent ($275) cheaper than four months ago, 10 percent ($450) cheaper than at the same time last year and 14 percent ($625) cheaper... Read More »