Articles Filed Under: Bubble (Or Not)

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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Having been withdrawn from the MLS in August and quietly de-stagged, we missed it when the Inner Mission penthouse unit #504 at 3590 20th and Valencia (a.k.a. the “V20” building)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 »

Index for Pending Home Sales in the U.S. Hits 31-Month Low

The National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, held at a downwardly revised 106.0 from August to September, which is 3.5 percent lower on a year-over-year basis and the lowest reading since January 2015. The index has dropped 5.6... Read More »

Angling for a Bidding War to Fetch a 2015 Price

Angling for a Bidding War to Fetch a 2015 Price

Listed for $1.17 million, or roughly $768 per square foot, in January 2015, the ClockTower loft unit #C322 at 461 2nd Street quickly sold for an “over asking!” price of $1.45 million, or roughly $951 per square foot, and closed escrow within three weeks of being listed. This past... Read More »

Lumina Condos Listed at Losses Reduced Again

Lumina Condos Listed at Losses Reduced Again

Purchased from Lumina’s sales office for $3,149,500 or $2,003 per square foot in June of last year, the 1,572-square-foot, two-bedroom unit #D35A, which is now described as the “highest and largest” two-bedroom with two baths in the development’s tower D, returned to the market listed for $3,449,000 this past... Read More »

More Sub-2015 Pricing in South Beach

More Sub-2015 Pricing in South Beach

Purchased as new for $952,000 or roughly $1,213 per square foot back in November 2015, the 785-square-foot, one-bedroom condo #403 at 72 Townsend Street returned to the market this past March priced at $998,000. While the re-sale of 72 Townsend Street #403 has now closed escrow with a contract... Read More »