Articles Filed Under: Bubble (Or Not)

(355 posts)

50 Percent More Homes on the Market in San Francisco

Having jumped 15 percent over the past week alone, the net number of unsold homes listed for sale in San Francisco (715) is now running 56 percent higher versus the same time last year, the greatest year-over-year increase we’ve recorded since the market tanked in 2008 and the highest... Read More »

Demand for Office Space in San Francisco has Dropped

Demand for Office Space in San Francisco has Dropped

For the first time since 2010, the average asking rent for Class A office space in San Francisco’s Central Business District has declined versus the quarter before, slipping 0.9 percent to $70.64 per square foot in the first quarter of the year. That being said, including Class B space,... Read More »

Price Reductions for Condos in San Francisco on the Rise

While the inventory of listed condos for sale in San Francisco only ticked up one percent over the past week, with new listings outnumbering new sales by just a few, the number of condos listed for sale on the MLS is now 57 percent higher versus the same time... Read More »

Another Team Looking to Flip an Approved Development Site in SF

Another Team Looking to Flip an Approved Development Site in SF

As we first reported earlier this month, the 363 6th Street site which was approved for the development of 104 apartments last year is now on the market rather than having broken ground. And as a plugged-in tipster notes, the adjacent 988 Harrison Street site, which was approved for... Read More »

Never Mind in Noe Valley

Never Mind in Noe Valley

Listed for $3.55 million last October, the asking price for the completely remodeled Noe Valley home at 439 Clipper Street was subsequently reduced to $3.25 million, at which point the listing was updated to tout the ‘best priced home in Noe Valley’ and to warn that the ‘seller [would... Read More »

New Single-Family Home Sales Slumped Last Month

New Single-Family Home Sales Slumped Last Month

The seasonally adjusted pace of new single-family home sales across the U.S. fell 9.2 percent from December to January. And at a run rate of 494,000 sales, the current pace is 5.2 percent lower versus the same time last year. The annual pace of new single-family home sales as... Read More »

Whoops

Whoops

Purchased for $3.450 million seven months ago, the renovated Lower Haight Victorian at 630 Page Street was re-listed at the same price last October and then reduced to $3.299 million in November, at which point the listing was updated to tout a “One and only price reduction!” Withdrawn from... Read More »

LinkedIn’s Tumble Could Roil the Market in San Francisco

Back in 2014, when LinkedIn pre-leased the entire 450,000-square-foot building at 222 Second Street that’s slated to open its doors later this year with room for up to 2,500 employees, its stock was trading around $175 per share. As a plugged-in reader wrote at the time: “For tech companies... Read More »

One Year Later and worth $175,000 Less in the Mission

One Year Later and worth $175,000 Less in the Mission

Purchased as a remodeled “grand-scale Italianate Victorian flat located at the intersection of the best part of the Mission and Eureka & Noe Valley neighborhoods” for $1.450 million in March 2015, the 1,440-square-foot condo at 979 Guerrero Street returned to the market this past November listed for $1.495 million.... Read More »

No Competition for a Reinvented Noe Valley Victorian

No Competition for a Reinvented Noe Valley Victorian

Purchased out of probate as a contractor’s special with three bedrooms, one bath and without a garage for $850,000 in 2008, the then 1,164 square foot Noe Valley home at 439 Clipper Street returned to the market with plans for $1,295,000 in 2014. Having failed to sell the vision,... Read More »