Articles Filed Under: Trends

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Asking $10,000 per Square Foot in Palo Alto!

Asking $10,000 per Square Foot in Palo Alto!

The 936-square-foot bungalow at 961 Lincoln Avenue in Palo Alto is now on the market for the first time in nearly a century and asking $9,998,000, or roughly $10,680 per square foot! Okay, so the list price includes the adjacent undeveloped parcel at 955 Lincoln, which could be combined... Read More »

A Record 63,400 Apartments and Condos in SF’s Housing Pipeline

A Record 63,400 Apartments and Condos in SF’s Housing Pipeline

With new proposals for over 2,000 units of housing having been submitted to the City in the first quarter of 2016, there are now a record 63,400 apartments and condos in San Francisco’s housing pipeline, including 7,300 units which are currently under construction and should be ready for occupancy... Read More »

Pending Home Sales Drop in the West

While the National Association of Realtors Pending Home Sales Index rose 1.4 percent from 109.1 in February to 110.5 in March and measures 1.4 percent higher versus the same time last year, contract activity dropped in the West, both month-over-month and year-over-year. The Pending Home Sales Index for the... Read More »

Bay Area Home Values Hit an All-Time High

Bay Area Home Values Hit an All-Time High

Driven by the top-third of the market, the Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area ticked up 1.1 percent in February to a new all-time high, surpassing the previous peak set ten years ago in May of 2006. The single-family home index has gained... Read More »

New Single-Family Home Sales Seesaw, Take a Hit in the West

While the seasonally adjusted pace of new single-family home sales across the country slipped 1.5 percent from a revised 519,000 in February to 511,000 in March, it’s now running 5.4 percent higher versus the same time last year (485,000) as opposed to 6.1 percent lower on a year-over-year basis... Read More »

Bay Area Home Sales Slip, Smallest Median Price Gain in Four Years

Bay Area Home Sales Slip, Smallest Median Price Gain in Four Years

While the recorded sales volume of single-family homes and condos in San Francisco ticked up from 423 in February to 502 in March, the 18.7 percent gain was less than half the typical 40.9 percent seasonal increase for this time of the year and the sales volume slipped 2.1... Read More »

Existing U.S. Home Sales Tick up but Year-Over-Year Gains Decline

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 5.1 percent in March to an annual rate of 5.33 million, but the year-over-year gain dropped to 1.5 percent, down from 2.2 percent higher in February and versus an 11.0 percent gain the month before. At the... Read More »

Another Team Looking to Flip an Approved Development Site in SF

Another Team Looking to Flip an Approved Development Site in SF

As we first reported earlier this month, the 363 6th Street site which was approved for the development of 104 apartments last year is now on the market rather than having broken ground. And as a plugged-in tipster notes, the adjacent 988 Harrison Street site, which was approved for... Read More »

Inventory in ‘Overheated’ San Francisco Climbs

The inventory of unsold homes listed for sale in San Francisco ticked up to 615 over the past week and is now running 40 percent higher versus the same time last year, the greatest year-over-year increase we’ve recorded since 2010 and the highest mid-April inventory level since 2012. Redfin’s... Read More »

San Francisco and East Bay Employment Slip

San Francisco and East Bay Employment Slip

While the unemployment rate in San Francisco has now held at 3.3 percent for four months in a row, the number of people living in the city with a job slipped by 300 in March to 535,200. And while it’s a nominal change, it’s the first March without a... Read More »