Home Sales Up in SF as Median Price Drops the Most since 2011

Home Sales Up in SF as Median Price Drops the Most since 2011

The number of single-family homes and condos that traded hands across the Bay Area ticked up 6 percent from July (7,901) to August (8,374) and was 3.2 percent higher versus the same time last year (8,113), ending a five month run of year-over-year declines. And in San Francisco, the... Read More »

Million Dollar Cut for Modern Mission Dolores Statement Home

Million Dollar Cut for Modern Mission Dolores Statement Home

Designed by Stanley Saitowitz, listed for $7.998 million in April, and withdrawn from the MLS without a reported sale in July, the modern 4,665-square-foot Mission Dolores home at 50 Oakwood Street has just returned to the market listed for a million less ($6.995 million). Marketed as an “oasis in... Read More »

Market Street Development Could Be Cut Short by New Report

Market Street Development Could Be Cut Short by New Report

Plans to level the the Golden Gate Building at 1028 Market Street, which was previously home to Hollywood Billiards and is now occupied by “The Hall,” and develop a new 13-story building – with 186 apartments over 4 ground-floor restaurant/retail spaces and a basement garage for 42 cars on... Read More »

Pushback on the Plans to Build atop Hopwater’s Historic Home

Pushback on the Plans to Build atop Hopwater’s Historic Home

San Francisco’s Planning Department has finished its preliminary review of the proposed plans for adding five new floors and twenty one-bedroom apartments atop the historic Key Klub building at 850 Bush Street which is located within the Lower Nob Hill National Register Historic District and is currently home to... Read More »

Benchmark Mortgage Rate Ticks down but Odds of a Rate Hike Jump

Benchmark Mortgage Rate Ticks down but Odds of a Rate Hike Jump

The average rate for a 30-year mortgage ticked down two basis points to 3.48 percent over the past week, which is 38 basis points below the 3.86 percent rate in place at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. At the same... Read More »

Pace of Existing U.S. Home Sales and Median Price Drop Again

Following a 3.2 percent drop in July, the seasonally adjusted pace of existing-home sales in the U.S. ticked down another 0.9 percent to an annual rate of 5.38 million sales in August. But the current rate, which represents the second slowest pace since the beginning of the year, remains... Read More »

Folsom Street Rising: Six Stories in Western SoMa Closer to Reality

Folsom Street Rising: Six Stories in Western SoMa Closer to Reality

The Planning Commission hearing for a proposed 24-unit building to rise up to six stories in height at 1228 Folsom Street has been slated for October 13. As we first reported about the Western SoMa project back in 2014, the proposed development would stretch from Folsom to Clementina Street,... Read More »

Possible Site for another Rincon Hill Tower in Play

Possible Site for another Rincon Hill Tower in Play

Built in 1930, prior to which a number of residential buildings had resided on the Rincon Hill site, the two-story industrial building at 511 Harrison Street has served a number of commercial tenants over the past 85 years, was the site of One Rincon Hill’s original sales office, and... Read More »

Ground Broken for 120 Affordable Transbay District Rentals

Ground Broken for 120 Affordable Transbay District Rentals

The ground has formally been broken for 120 affordable apartments to rise on Transbay Block 7 (a.k.a. 255 Fremont), behind the new 32-story tower dubbed Solaire on Transbay Block 6 (a.k.a. 299 Fremont), between Fremont and Beale. Originally slated for an 85-unit building, the structural design for 255 Fremont... Read More »

84-Unit Roost @ Blake Project Closer to Reality

84-Unit Roost @ Blake Project Closer to Reality

Approved for development at the end of last year, the final design for the 84-unit “Roost @ Blake” project to rise up to five stories in height across the 2029-2035 Blake Street site in Berkeley, just west of Shattuck Ave, is slated to be approved by the City’s Zoning... Read More »