Articles Filed Under: Bubble (Or Not)

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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 »

Bay Area Home Values Hit Another High but Gains Really Slow

Bay Area Home Values Hit Another High but Gains Really Slow

Having ticked up 1.1 percent in February to an all-time high, 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 – gained another 1.0 percent in March and the index for area condos... Read More »

Year-Old Lumina Condos Now Listed at a Loss

Year-Old Lumina Condos Now Listed at a Loss

Purchased for $1,375,000 or roughly $1,610 per square foot in March of last year, the one-bedroom Lumina condo #D20H at 338 Main Street returned to the market listed for $1,499,000 two months ago, a sale at which would have represented apples-to-apples appreciation of 9.0 percent over the past year.... Read More »

A Record-Smashing Deal on San Francisco’s Waterfront

A Record-Smashing Deal on San Francisco’s Waterfront

The Hong Kong-based SRE Group has purchased an 80 percent stake in the eight-story parking garage at 75 Howard Street, a waterfront site which is fully approved and permitted for a 20-story, 120-unit condominium tower to rise. And according to the Business Times, the price for the majority stake... Read More »

San Francisco Home Sales and Median Price Slip as Bay Area Gains

San Francisco Home Sales and Median Price Slip as Bay Area Gains

While the number of single-family homes and condos that traded hands in San Francisco last month jumped 44.5 percent from an upwardly revised 346 in February to 500 in March with typical seasonality in play, the volume was 5.3 percent lower on a year-over-year basis versus a 7.9 percent... Read More »

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 »