Articles Filed Under: Bubble (Or Not)

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A Killer Loss

A Killer Loss

Purchased by a member of The Killers for $3.45 million last July, the Lower Haight Victorian at 630 Page Street has just resold for $2.995 million, a 13 percent drop in value for the home on an apples-to-apples basis over the past ten months. Listed for $3.45 million in... Read More »

Have Sellers Started Rushing for an Exit in San Francisco?

A plugged in reader who’s in the market for a mid-seven figure home in San Francisco toured a few this weekend and reports that two agents “used the term “rushing for the exit” to describe sellers.” In related news, the inventory of single-family homes and condos listed for sale... Read More »

Iconic Silicon Valley VC Selling His Marina Mansion and HQ

Iconic Silicon Valley VC Selling His Marina Mansion and HQ

The Marina District mansion that PayPal co-founder, turned iconic Silicon Valley venture capitalist, Peter Thiel, purchased for $6.5 million in 2010 (and then spent a pretty penny to reconfigure and redecorate), has just hit the market listed for $9.25 million. Thiel had actually rented the 7,000-square-foot home at 2140 Jefferson... Read More »

Zynga’s Business is Still Worth Less Than its Building

Zynga’s Business is Still Worth Less Than its Building

Are you surprised that Zynga’s office building at 650 Townsend Street was recently estimated to be worth more than the company? You shouldn’t be, it has been that way for years. Or as we first reported in 2012: Zynga’s Business is Now Worth Less Than its Building. Read More »

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 »