Articles Filed Under: Bubble (Or Not)

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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 »

Whoops

Whoops

Purchased for $3.450 million seven months ago, the renovated Lower Haight Victorian at 630 Page Street was re-listed at the same price last October and then reduced to $3.299 million in November, at which point the listing was updated to tout a “One and only price reduction!” Withdrawn from... Read More »

LinkedIn’s Tumble Could Roil the Market in San Francisco

Back in 2014, when LinkedIn pre-leased the entire 450,000-square-foot building at 222 Second Street that’s slated to open its doors later this year with room for up to 2,500 employees, its stock was trading around $175 per share. As a plugged-in reader wrote at the time: “For tech companies... Read More »

One Year Later and worth $175,000 Less in the Mission

One Year Later and worth $175,000 Less in the Mission

Purchased as a remodeled “grand-scale Italianate Victorian flat located at the intersection of the best part of the Mission and Eureka & Noe Valley neighborhoods” for $1.450 million in March 2015, the 1,440-square-foot condo at 979 Guerrero Street returned to the market this past November listed for $1.495 million.... Read More »

No Competition for a Reinvented Noe Valley Victorian

No Competition for a Reinvented Noe Valley Victorian

Purchased out of probate as a contractor’s special with three bedrooms, one bath and without a garage for $850,000 in 2008, the then 1,164 square foot Noe Valley home at 439 Clipper Street returned to the market with plans for $1,295,000 in 2014. Having failed to sell the vision,... Read More »

Pace of Existing U.S. Home Sales Tumbles

Having dipped 3.4 percent in October, the seasonally adjusted pace of existing-home sales in the U.S. dropped another 10.5 percent in November, the largest monthly decline since July of 2010. And at an annual rate of 4.76 million sales, the pace is now 3.8 percent lower than at the... Read More »

Following up on a Trio of Unfinished Flips

Following up on a Trio of Unfinished Flips

Purchased for $1.525 million in 2013, plans to expand the Bernal Heights view-home on an oversized lot at 233 Franconia Street by over 60 percent have since been approved and permitted and the home has been gutted. Listed for $1.895 million this past October and reduced to $1.795 million... Read More »

Square Prices at 42 Percent Below Last Private Round

In an attempt to engineer a big post-offering pop, and avoid an infectious fizzle, Square (SQ) priced its shares, which will start trading Thursday, at $9 apiece. The $9 price is 18 percent below the low-end of the expected range and 42 percent below the $15.46 price at which... Read More »

Buyer?  Buyer?  Buyer?

Buyer? Buyer? Buyer?

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 thirteen months ago, 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 »