New Law Could Radically Alter Who Gets Affordable Housing In S.F.

As it currently stands, affordable or ‘Below Market Rate’ housing units in San Francisco are allocated by lottery with preferences given to households that hold a rare Certificate of Preference or tenants who have recently been evicted by way of the Ellis Act.  And being a resident in the... Read More »

Zito Sells Marin Villa For $8.15M And Records A Loss

Zito Sells Marin Villa For $8.15M And Records A Loss

Purchased for $8.863 million in 2007 and listed for $11.495 million in 2012, former San Francisco Giants ace and current Oakland A’s minor league pitcher Barry Zito has sold his Marin County villa for $8.15 million. Asking $8.995 million at the time of the sale, the two-acre Kentfield estate... Read More »

Designs For A Modern Central Waterfront Plaza

Designs For A Modern Central Waterfront Plaza

As with the new PG&E substation on Folsom, the Central Waterfront substation which will rise 30-feet in height along 23rd Street at Illinois will be set back 30 feet from the sidewalk in order to accommodate a new public plaza designed by Stanley Saitowitz/Natoma Architects. In a nod to... Read More »

NoPa Development Pushback

NoPa Development Pushback

With a growing number of proposed developments along lower Divisadero in the works, including plans for a 152-unit building to rise across the Divisadero Car Wash site and a 60-unit building at Divisadero and Grove, a petition demanding that developers be required to nearly triple the minimum number of... Read More »

Designs For A Modern Folsom Street Plaza

Designs For A Modern Folsom Street Plaza

A compact new PG&E substation addition will rise 30-feet in height adjacent to the much larger one at the corner of Folsom and Fremont which will remain in place. The new building will be set back 30 feet from the sidewalk, with a concrete façade designed by Stanley Saitowitz/Natoma... Read More »

Proposed NoPa Development Redesigned And Supersized

Proposed NoPa Development Redesigned And Supersized

The original plan for redeveloping the old Alouis Radiator shop on the southeast corner of Divisadero and Grove called for retaining the existing building’s façade along Divisadero and constructing sixteen residential units in a five-story addition behind. But with zoning changes allowing for increased density along the Divisadero corridor... Read More »

Benchmark Mortgage Rate Drops To A Three-Month Low

Benchmark Mortgage Rate Drops To A Three-Month Low

Having dipped back below 4 percent four weeks ago, the average rate for a 30-year mortgage has dropped to 3.84 percent, the lowest average rate since May and versus 4.10 percent at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year rate,... Read More »

Locksley Hall Fetches $47.5 Million

Locksley Hall Fetches $47.5 Million

Locksley Hall, the 9,235 square foot mansion perched on an acre of land with a pool at the southern tip of Belvedere, overlooking San Francisco with bridge to bridge views, has sold for a record setting $47.5 million. Built around 1900 for a prominent banker, the sellers who acquired the... Read More »

Pending U.S. Home Sales Index Relatively Unchanged In July

Having slipped from a nine-year high in June, the National Association of Realtors Pending Home Sales Index eked out a 0.5 percent gain in July. The index, for which 100 denotes an average level of activity, currently measures 110.9 which is 7.4 percent higher on a year-over-year basis versus 8.2... Read More »

San Francisco Home Sales And Median Price Slip

San Francisco Home Sales And Median Price Slip

Recorded sales activity for single-family homes and condos in San Francisco slipped 4.6 percent from June to July and is running 2.0 percent lower versus the same time last year versus 5.3 percent higher on a year-over-year basis last month. Keep in mind that sales activity typically drops 5 percent... Read More »