Articles Filed Under: Bubble (Or Not)

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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 »

Stunning Telegraph Hill Penthouse Quietly Sells for a Significant Loss

Stunning Telegraph Hill Penthouse Quietly Sells for a Significant Loss

Purchased for $5.5 million in May of last year, the remodeled penthouse condo at 341 Filbert Street – which offers big Telegraph Hill, Bay Bridge, and skyline views – returned to the market two months ago listed for $5.995 million, a sale at which would have represented appreciation of... Read More »

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 »