Articles Filed Under: Bubble (Or Not)

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Twice as Many Condos on the Market in San Francisco

Twice as Many Condos on the Market in San Francisco

While home sales in San Francisco slowed to a five-year seasonal low last month, new listing activity has remained strong.  And as a result, there are now twice as many condos listed for sale in the city than there were at the same time last year and the most... Read More »

Stunning Pac Heights Home Re-Listed at a $2 Million Loss

Stunning Pac Heights Home Re-Listed at a $2 Million Loss

Designed by renowned architect Joseph Esherick and built in 1962, the Mid-Century Modern ‘Larsen House’ at 2610 Scott Street traded hands for the first time in late 2014, listed for $9.75 million and fetching $11.75 million or roughly $2,525 per square foot. Six months later, the “exquisite and rare”... Read More »

Purchased Last Year, Foreclosed upon This Week

Purchased Last Year, Foreclosed upon This Week

Listed for “$800,000” early last year, or roughly $560 per square foot in an area where properties had been selling for around twice as much, it shouldn’t come as too much of a surprise that 48-50 Pond Street in the Castro sold for $1,310,000 and nearly “65 percent over... Read More »

Most Homes on the Market in San Francisco since Late 2011

While the number of single-family homes and condos on the market in San Francisco typically ticks down at this time of the year, new listings have outpaced sales for the second week in a row, there are now more homes actively listed for sale in the city (940) than... Read More »

Purchased Last Year, Foreclosed upon Last Week

Purchased Last Year, Foreclosed upon Last Week

Listed for “$699,000” early last year, or roughly $450 per square foot in an area where single-family homes had been selling for 75 percent more, it shouldn’t be too shocking that the “spacious Miraloma Park home with panoramic San Francisco Bay VIEWS ready for renovation!” at 701 Teresita Boulevard... Read More »

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 »