Articles Filed Under: Industry Stuff

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Banked Pacific Heights Home Fetches an Eye-Popping $13.5M

Banked Pacific Heights Home Fetches an Eye-Popping $13.5M

Purchased for $10 million in 2013, the completely remodeled home at 2755 Fillmore Street has sat empty for the past three years. And having returned to the market this past May listed for $13.5 million, or $2,577 per finished square foot, the re-sale of the Pacific Heights property has... Read More »

New Condo Sales in San Francisco down over 30 Percent in 2016

New Condo Sales in San Francisco down over 30 Percent in 2016

We’ve compiled the monthly sales data for new condominiums in San Francisco over the past two years. While it’s not an aggregate statistic which the sales and marketing companies release, total contract signings in the first half of 2016 totaled under 400, down over 30 percent versus the first... Read More »

Three Times as Many Reduced Listings on the Market in SF

With the number of new listings for homes on the market in San Francisco having slightly outpaced sales activity over the past week, the number of homes currently listed for sale in San Francisco (808) remains at a five-year seasonal high and is now running 67 percent higher versus... Read More »

Price Index for New Condos in San Francisco Turns Negative

Price Index for New Condos in San Francisco Turns Negative

Following a trend we first noticed emerging last year, the price index for new construction condominiums in San Francisco, as compiled by the Mark Company, dropped 3 percent in June and is now running 2 percent lower versus the same time last year, the first year-over-year drop for the... Read More »

Senators Urge Federal Investigation into Use of Airbnb

Senators Urge Federal Investigation into Use of Airbnb

Concerned that short-term rentals “may be exacerbating housing shortages and driving up the cost of housing in communities,” U.S. Senators Dianne Feinstein (California), Elizabeth Warren (Massachusetts) and Brian Schatz (Hawaii) are urging the Federal Trade Commission to launch a formal investigation into the commercial use of short-term rental... Read More »

A Surefire Way to Secure an Over Asking Sale in San Francisco

A Surefire Way to Secure an Over Asking Sale in San Francisco

Purchased for $670,000 in 2005, the subsequently remodeled Bayview home at 1426 Van Dyke Avenue resold for $630,000 in 2007. And in 2012, the property was foreclosed upon and taken back by the bank. Listed as a two-bedroom fixer, with 1,200 square feet of finished space and an unwarranted... 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 »

A Power Move in the Works on Ocean Avenue

A Power Move in the Works on Ocean Avenue

The Power Trading Company is now operating on a month-to-month lease. The two buildings the grocery store occupies at 1524 and 1532 Ocean Avenue are now on the market for $2.3 million and $1.7 million respectively. And plans to redevelop the two properties, with a proposed 18 apartments over... Read More »

The Result of Getting Rid of Tenants and Remodeling in the Mission

The Result of Getting Rid of Tenants and Remodeling in the Mission

The two-unit Mission District building with an unwarranted in-law at 867-869 South Van Ness Avenue was purchased for $1.625 million early last year, with the upper unit occupied by a protected tenant, an elderly couple estimated by a reader to be in their late 60s. Five months later, the... Read More »

Development Deja Vu on Potrero Hill

Development Deja Vu on Potrero Hill

Speaking of Potrero Hill parcels which are approved for development but are on the market rather than preparing to break ground, the 1000 Mississippi Street site, which sits just below the massive public housing site to be redeveloped on the southeastern slope of Potrero Hill, is now being marketed... Read More »