Neighborhood Farm vs School Battle Underway

Neighborhood Farm vs School Battle Underway

Purchased for $1.295 million in early 2014, the 203 Cotter Street parcel extends nearly 500 feet back through the middle of its Mission Terrace block and has been home to Little City Gardens, the only commercial farm within the city limits of San Francisco, since 2010. The buyer of... Read More »

Benchmark Mortgage Rate Drops, Nearing Its All-Time Low

Benchmark Mortgage Rate Drops, Nearing Its All-Time Low

The average rate for a 30-year mortgage ticked down six basis points to 3.42 percent over the past week and is now running 43 basis points below the 3.85 percent rate in place at the same time last year and within 11 basis points of its 3.31 percent all-time... Read More »

Pending U.S. Home Sales Drop to Second Lowest Level this Year

Having ticked up 1.3 percent in July, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, dropped 2.4 percent to 108.5 in August, which is the second lowest level since the 105.4 recorded in January of this year. As such,... Read More »

$5 Million Price Cut for That Contemporary Atherton Compound

$5 Million Price Cut for That Contemporary Atherton Compound

Newly built upon a 2.5-acre Atherton parcel which was purchased for $7.5 million in 2011, the contemporary estate at 246 Atherton Avenue – which now includes a 18,200-square-foot main home, a 2,300-square-foot pool house, a 1,500-square-foot guest house and two detached two-car garages (in addition to the two-car garage... Read More »

Sale of Oakland Development Forecasts Future Rents

Sale of Oakland Development Forecasts Future Rents

Slated to be completed in December, the 25-unit building under construction at 528 Thomas L. Berkley Way, adjacent to the Great Western Power Company gym in Oakland’s Uptown District, is now on the market for $17 million. That’s $680,000 per unit or roughly $792 per square foot at asking.... Read More »

San Francisco Approaching Bubble Territory per UBS

San Francisco Approaching Bubble Territory per UBS

According to UBS Wealth Management’s Global Real Estate Bubble Index, the residential real estate market in San Francisco is increasingly overvalued and approaching bubble territory, while New York and Boston remain fairly valued and Chicago is undervalued, as was the case at the same time last year. The index... Read More »

Bay Area Condo Values Slip for the Second Time, House Values Stall

Bay Area Condo Values Slip for the Second Time, House Values Stall

Having ticked up 0.4 percent to a record high in June, the Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area stalled in July and the index for Bay Area condo values slipped for the second month in a row. In addition, the year-over-year gain for... Read More »

Most Homes on the Market in San Francisco since Late 2011

Most Homes on the Market in San Francisco since Late 2011

While recorded sales activity in San Francisco ticked up last month, the pace of new listings has ticked up even more. And the number of single-family homes and condos listed for sale in San Francisco now totals 885, which is most at any point in time since the end... Read More »

Mrs. Doubtfire House Priced at $4.45 Million, Peek Inside

Mrs. Doubtfire House Priced at $4.45 Million, Peek Inside

While it’s still not listed on the MLS nor yet official inventory, the asking price for the iconic “Mrs. Doubtfire House” at 2640 Steiner Street, which was purchased for $1.395 million in 1997, has been set at $4.45 million. According to the agent for the four-bedroom Pacific Heights home... Read More »

Pace of New U.S. Home Sales Back below Average but up in the West

Pace of New U.S. Home Sales Back below Average but up in the West

The pace of new single-family home sales in the U.S. dropped 7.6 percent from an upwardly revised annual rate of 659,000 sales in July to an annual rate of 609,000 sales in August but remains 20.6 percent higher than the rate of sales at same time last year (505,000)... Read More »