Articles Filed Under: Bubble (Or Not)

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Bay Area Home Values Slip While National Index Gains

Bay Area Home Values Slip While National Index Gains

Having inched up at the end of last year, 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 – slipped 0.4 percent in January while the national index ticked up 0.2 percent for... Read More »

San Francisco Home Sales Drop to a Five-Year Low

San Francisco Home Sales Drop to a Five-Year Low

The number of single-family homes and condos that traded hands in San Francisco dropped to a five-year low of 308 in February. That’s down 4 percent from a downwardly revised 322 sales in January (versus a typical 12 percent seasonal bump). And on a year-over-year basis, home sales in... Read More »

New Condo Pricing Continues to Drop in San Francisco

New Condo Pricing Continues to Drop in San Francisco

While the number of purchase contracts signed for new condominiums in San Francisco quintupled from 18 in January to 95 in February with plenty of seasonality in play, the sales volume was down 25 percent versus the same time last year and is running 7 percent lower over the... Read More »

Potrero Hill Penthouse Now Listed at a Loss

Potrero Hill Penthouse Now Listed at a Loss

Purchased for $1,635,000 in May of 2014, the two-bedroom Onyx penthouse unit #406 at 415 De Haro Street, in the flats of Potrero Hill, returned to the market listed for $1,735,888 this past September, a sale at which would have represented total appreciation of 6.2 percent for the well-finished... Read More »

Telegraph Hill’s Hillside Is on the Market

Telegraph Hill’s Hillside Is on the Market

A 120-foot-wide chunk of the Telegraph Hill hillside fronting Sansome Street, below the homes at the end of Alta above, is now on the market for $1.4 million and is being positioned as an “opportunity of a lifetime,” with rough renderings for either a 9,000-square-foot private estate or a... Read More »

Contemporary Pac Heights Condo Reduced to Mid-2015 Price

Contemporary Pac Heights Condo Reduced to Mid-2015 Price

Having sold as new for $699,000 in June of 2012, the one-bedroom Pacific Heights condo #203 at 1840 Washington Street, a steel-framed building “with luxury finishes and timeless modern design,” returned to market listed for $949,000 this past September, a sale at which would have represented total appreciation of 35... Read More »

Apples-To-Apples in Central SoMa, including Interest Rates

Apples-To-Apples in Central SoMa, including Interest Rates

Speaking of list price reductions in San Francisco, the asking price for the “rarely available” corner one-bedroom unit #802 on a penthouse level of the Palms at 555 4th Street, a level which is outfitted with gas stoves and Sub-Zero refrigerators, has just been reduced for the fourth time.... Read More »

San Francisco Approaching Bubble Territory per UBS

San Francisco Approaching Bubble Territory per UBS

According to UBS Wealth Management’s Global Real Estate Bubble Index, the residential real estate market in San Francisco is increasingly overvalued and approaching bubble territory, while New York and Boston remain fairly valued and Chicago is undervalued, as was the case at the same time last year. The index... Read More »

Stunning Pac Heights Home Sells for Over Asking and a $1.75M Loss

Stunning Pac Heights Home Sells for Over Asking and a $1.75M Loss

Purchased for $11.75 million in late 2014, the Mid-Century Modern ‘Larsen House’ at 2610 Scott Street, which was designed by renowned architect Joseph Esherick and built in 1962, has re-sold for $10 million or $2,148 per square foot. While the sale represents an apples-to-apples loss of 15 percent ($1.75... Read More »

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Citing the emergence of “slow or no growth policies” amongst both start-ups and more established local firms, the office vacancy rate in San Francisco jumped 1.6 percent in the second quarter of 2016, the largest quarterly increase since the first quarter of 2009, according to data from Cushman &... Read More »