San Francisco Home Values Slip From All-Time Highs

San Francisco Home Values Slip From All-Time Highs

Single-family home values within the San Francisco MSA slipped 0.9 percent from December to January and condominium values slipped for the second month in a row (down another 0.4 percent), according to the latest S&P Case-Shiller Home Price Index. While San Francisco home values dipped across all tiers of... Read More »

Noe Valley Space Invader Home Sells For $2.6M

Noe Valley Space Invader Home Sells For $2.6M

As we wrote about the Noe Valley “Space Invader” home two weeks ago: Listed for $2.25 million in 2012, the Noe Valley Victorian at 264 Clipper Street which was remodeled under the direction of Envelope Architecture + Design, and embedded with a Space Invader in the concrete out front, sold for $1.895... Read More »

Price Cut(s) For Designer Mint Plaza Penthouse

Price Cut(s) For Designer Mint Plaza Penthouse

Listed for $4.5 million last July, the price for the 3,221 square foot penthouse atop the Silver Building, which fronts Mint Plaza at 424 Jessie Street, was reduced to $4.3 million in November.  And in December the unit was de-listed from the MLS without a reported sale. Re-listed for $4.3 million... Read More »

Should Roommates Benefit From A Master Tenant’s Buyout?

Mid five-figure offers for tenants to vacate rent-controlled apartments are not uncommon in San Francisco.  And even six-figure offers have been made (and accepted). A couple of questions from a reader with respect to said buyouts, questions which we’d be willing to bet are based on more than idle... Read More »

Planning For Shuttered McDonald’s Site Underway

Planning For Shuttered McDonald’s Site Underway

The chain link fence which was cemented into place around the abruptly shuttered McDonald’s at 600 Van Ness has been keeping the taggers and transients at bay. And while McDonald’s has yet to file a formal proposal for developing the site, they have started to explore the parcel’s potential... Read More »

Noe Valley Infill: Five Stories With Condos Over Retail On 24th

Noe Valley Infill: Five Stories With Condos Over Retail On 24th

From the listing of the little single-family home at 3822 24th Street which purchased for $759,000 in March of 2012 and didn’t include the lot next door: “This SFR on 24th St in the heart of Noe Valley is a very special piece of SF real estate. The home... Read More »

Pending U.S. Home Sales Index Hits 21-Month High

The National Association of Realtors Pending Home Sales Index rose 3.1 percent from a revised 103.7 in January to 106.9 in February.  The index, for which 100 denotes an average level of activity, is at its highest level since June 2013 (at which point it measured 109.4) and is currently... Read More »

A $10 Million Two-Bedroom And Story Of Spite

A $10 Million Two-Bedroom And Story Of Spite

Purchased as a three-bedroom for $4.98 million in 2012, the full-floor Russian Hill unit #3 at 945 Green Street has been rebuilt as a two-bedroom and has just returned to the market listed for $9.95 million, “showcasing complementary elements of gracious scale & simplicity.” And while the website for... Read More »

New Designs For Market-Rate Tenderloin High-Rise

New Designs For Market-Rate Tenderloin High-Rise

While the Tenderloin Neighborhood Development Corporation has downsized their plans for an affordable development at Eddy and Taylor, the developers of the proposed market-rate building to rise up to 12-stories on either side of the Metropolis Hotel at the corner of Mason and Turk have increased the density of their... Read More »

Eviction Notices For Families In Chinatown Hotel Withdrawn, For Now

Eviction Notices For Families In Chinatown Hotel Withdrawn, For Now

The eviction notices signed by a vice president at Paragon Real Estate and served to two dozen families living in a single-room-occupancy hotel at 2 Emery Lane in Chinatown are being withdrawn.  And according the Mayor’s Office, the owners of the building have pledged not to issue any new... Read More »

Downsized Development And Grocery Approved For Tenderloin Site

Downsized Development And Grocery Approved For Tenderloin Site

Approved for the development of a 14-story building with 153 affordable apartments back in 2009, and with a 14,250-square-foot commercial space which was slated to become the Tenderloin’s first full-service grocery store, the Tenderloin Neighborhood Development Corp’s 168-186 Eddy Street project to rise on the northeast corner of Eddy... Read More »

Iconic Mission Bar’s Building On The Market, Zoned For More Height

Iconic Mission Bar’s Building On The Market, Zoned For More Height

The three-story building which Blondie’s Bar currently occupies at 540 Valencia Street in the Mission is on the market and listed for $2.1 million. In addition to the ground-floor bar space for which Blondie’s is currently paying $6,363 per month in rent, the term for which has not been... Read More »

Mortgage Rates Drop, Nearing 22-Month Lows

Mortgage Rates Drop, Nearing 22-Month Lows

Mortgage rates have dropped for the second week in a row and the average rate for a conforming 30-year mortgage is down to 3.69 percent, within 10 basis point of its 22-month low (3.59 percent) recorded last month.  At this time last year, the 30-year rate averaged 4.40 percent.... Read More »

420-Unit Building At Hayes And Van Ness Ready For Review/Vote

420-Unit Building At Hayes And Van Ness Ready For Review/Vote

The Emerald Fund’s proposed 420-unit building to rise up to 13-stories along Hayes, stretching from Van Ness Avenue to Polk Street, shouldn’t come as a surprise to any plugged-in readers as we first broke the news about the plans for the 150 Van Ness Avenue development back in 2013.... Read More »

Challenge Of Waterfront Height Limit Measure Survives First Ruling

The State’s legal challenge of San Francisco’s Proposition B, the voter-approved “No Wall on the Waterfront” measure which maintains existing height limits for waterfront property under the control of the Port of San Francisco unless a project specific up-zoning is approved in a public vote, has survived the City’s... Read More »