Median S.F. Home Price Hits A Record $1.15M And Sales Slip Again

Median S.F. Home Price Hits A Record $1.15M And Sales Slip Again

Recorded sales activity for single-family homes and condos in San Francisco slipped 1.4 percent in May and is currently running 6.1 percent lower on a year-over-year basis, versus 5.6 percent lower last month. Sales activity in San Francisco typically increase around 10 percent from April to May. As sales... Read More »

Historic ‘Steinhart Hotel’ Hits The Market Seeking $27M

Historic ‘Steinhart Hotel’ Hits The Market Seeking $27M

Looking to start a tech commune in San Francisco?  Well, the 57-unit ‘Steinhart Hotel‘ at 952 Sutter Street has just hit the market for $27 million. And according to the listing, 48 of the units could be delivered vacant at the close of escrow. While touting an opportunity to... Read More »

Bay Area Home Values Climb, Condo Values Hit New High

Bay Area Home Values Climb, Condo Values Hit New High

Single-family home and condominium values within the San Francisco Metropolitan Area gained 2.0 and 2.2 percent respectively in April, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is running 10.0 percent higher on a year-over-year basis and is within 3.7 percent... Read More »

Nurses Union Announces Opposition To Warriors’ Mission Bay Arena

Nurses Union Announces Opposition To Warriors’ Mission Bay Arena

Citing fears of gridlock traffic and a loss of parking for Mission Bay healthcare workers and their patients, the influential California Nurses Association has announced its opposition to the Golden State Warriors’ proposed arena across from UCSF’s new Medical Center at Mission Bay. While the Mission Bay Alliance has vowed an... Read More »

Flower Mart Tenants And Developer Agree, But The Battle Isn’t Over

Flower Mart Tenants And Developer Agree, But The Battle Isn’t Over

The ceremonial signing of the final agreement between the San Francisco Flower Mart Tenants’ Association, Kilroy Realty and the San Francisco Flower Mart LLC which will end the tenants’ threatened ballot measure to block the proposed redevelopment of the Mart is about to occur. While the agreement aligns the... Read More »

Pending U.S. Home Sales Index At Highest Point Since Early 2006

The National Association of Realtors Pending Home Sales Index ticked up 0.9 percent in May from a downward revised level of 111.6 in April. The index, for which 100 denotes an average level of activity, is at its highest point since April 2006 (at which point it measured 113.7)... Read More »

Another SoMa Gas Station Destined For Redevelopment

Another SoMa Gas Station Destined For Redevelopment

The lease for the Shell station on the southwest corner of Fifth and Folsom expires in February 2017.  And while plans for the two-parcel site have yet to be submitted to San Francisco’s Planning Department for review, the western parcel upon which the service station sits has hit the... Read More »

Inventory Of Homes For Sale In San Francisco Slips, With An Exception

The inventory of listed homes for sale in San Francisco ticked down around 3 percent over the past few weeks and is currently running 8 percent lower on a year-over-year basis, driven in part by an early slowdown in new listing activity moving into the summer season and a... Read More »

Developer Suddenly Selling A Pair Of ‘Unparalleled’ Opportunities

Developer Suddenly Selling A Pair Of ‘Unparalleled’ Opportunities

While Artthaus made headlines earlier this month for filing plans to construct a seven-story building with 131 Group Housing Units and shared kitchens at 1798 Bryant Street in the Mission, and another 36 Group Housing Units at 45 Dore in SoMa, it doesn’t appear that the developer actually plans... Read More »

The Pink House Returns For $4M Less

The Pink House Returns For $4M Less

Designed by legendary architect John Mead Howells, built in 1912, and listed for $11.75 million in 2012, the asking price for “The Pink House” on Belvedere Island was reduced four times before the property was withdrawn from the market in 2013. The formal living room on the main floor... Read More »

Planning Balks At Proposed Height For Central SoMa Tower(s)

Planning Balks At Proposed Height For Central SoMa Tower(s)

San Francisco’s Planning Department has just finished its review of the preliminary plans for a 37-story tower to rise at 636 4th Street.  And it doesn’t support what has been proposed and rendered below. As proposed, the current K&L Wine Merchants building and adjacent Latte Express would be razed... Read More »

Foreclosed-Upon Inner Sunset Home Sells For Sub-2005 Price

Foreclosed-Upon Inner Sunset Home Sells For Sub-2005 Price

Purchased for $765,000 in December of 2005, the 1,500 square-foot single-family home at 1554 19th Avenue was foreclosed upon last July and listed by the bank’s agent for $1,017,500 this past December. Six price cuts later, the asking price was down to $699,000 in May.  And yesterday, the sale of... Read More »

Frozen Valencia Street Development Cleared To Recommence, But…

Frozen Valencia Street Development Cleared To Recommence, But…

Frozen mid-construction by a Superior Court Judge who ruled that San Francisco’s Board of Appeals had abused its discretion and “failed to set forth the analytic route it traveled” when the Board reversed an earlier vote which would have limited the Mission District development at 1050 Valencia Street to... Read More »

Sixth Street Rising: Nine Stories And The Circle Of Life

Sixth Street Rising: Nine Stories And The Circle Of Life

Plans to raze the former City Life Church at 363 6th Street and construct a nine-story building, with 104 residential units over 700 square feet of ground-floor commercial space and a basement garage for 45 cars (and 109 bikes), could be approved by San Francisco’s Planning Commission in three... Read More »

A Gold Coast Home For $2.85 Million, In Alameda

A Gold Coast Home For $2.85 Million, In Alameda

We’d be willing to bet this isn’t what most people picture when they hear Alameda, especially if they’ve never been. Sitting on a half-acre lot in the Gold Coast neighborhood, the four-bedroom home at 1208 Saint Charles Street measures over 4,500 square feet, with a blend of original architectural... Read More »