Articles Filed Under: Bubble (Or Not)

(399 posts)

Pending Home Sales in San Francisco are Down

While the inventory of homes for listed for sale in San Francisco recently hit a 7-year high and is now running over 30 percent higher on a year-over-year basis, the number of homes in contract has actually fallen. And in fact, the number of pending home sales in San... Read More »

Sub-2015 Priced ‘Ultra-Premium’ Condo in the Mission Reduced

Sub-2015 Priced ‘Ultra-Premium’ Condo in the Mission Reduced

Purchased for $1.625 million in mid-2015, the two-bedroom Mission District condo #205 in the “V20” building at 3590 20th Street, at the corner of Valencia, was on the market for 4.7 percent less ($1.549 million) last year but failed to find a buyer. Today, the “ultra-premium V20 home” is... Read More »

Massive Recology Site Rezoning and Redevelopment Plans Revealed

Massive Recology Site Rezoning and Redevelopment Plans Revealed

Ambitious plans to redevelop the nearly 6-acre Recology site at 900 7th Street – which is bounded by 7th, Berry, De Haro, Carolina and Channel – are in the works. And as envisioned by SOM, the $850 million development could yield over 1,000 units of housing; nearly 400,000 square... Read More »

Index for Bay Area Home Values Inches Up, NY Slips, Vegas Jumps

Index for Bay Area Home Values Inches Up, NY Slips, Vegas Jumps

Having ticked up 1.1 percent in May, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.5 percent in June to an all-time high and is running 10.7 percent higher... Read More »

Pending Home Sales Drop in the U.S. despite More Inventory

Pending Home Sales Drop in the U.S. despite More Inventory

Having inched up 0.4 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, declined 1.3 percent in April to 106.4 in March and is now running 2.1 lower versus the same time last year and 5.3 percent... Read More »

Another “V20” Penthouse Takes a Big Hit in the Mission

Another “V20” Penthouse Takes a Big Hit in the Mission

Purchased for $2.595 million ($1,411 per square foot) in mid-2015, the two-level penthouse unit #505 at 3590 20th and Valencia (a.k.a. the “V20” building) returned to the market listed as “the ultimate luxury living in the best part of the Mission” for $2.349 million ($1,277 per square foot) this... Read More »

Index for Bay Area Home Values Jumps

Index for Bay Area Home Values Jumps

Having ticked up 1.0 percent in February, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – jumped another 2.1 percent in March to a new record high and is now running 11.3... Read More »

Price Cut for Approved SoMa Development and Land

Price Cut for Approved SoMa Development and Land

Approved by the City last year, the plans for a 24-unit development to rise up to six stories in height upon the former CrossFit site at 1228 Folsom Street and its underlying Western SoMa parcel hit the market earlier this year priced at $6.95 million or roughly $290,000 per... Read More »

Bottom Third of Bay Area Home Values Just Hit Pre-Recession High

Bottom Third of Bay Area Home Values Just Hit Pre-Recession High

Having inched up 0.4 percent in January, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – ticked up another 1.0 percent in February and is now running 10.1 percent higher on a... Read More »

Mission District Penthouse Dropped over $350K

Mission District Penthouse Dropped over $350K

Having been withdrawn from the MLS in August and quietly de-stagged, we missed it when the Inner Mission penthouse unit #504 at 3590 20th and Valencia (a.k.a. the “V20” building) closed escrow with a contract price of $2.239 million or roughly $1,236 per square foot in early October. But... Read More »