Articles Filed Under: Trends

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Pricing Index for New Condos in San Francisco Ticks Up, Sales Slip

Pricing Index for New Condos in San Francisco Ticks Up, Sales Slip

The number of purchase contracts signed for new construction condos in San Francisco slipped at the end of 2017 – from 61 in November to 37 in December – and were down 33 percent on a year-over-year basis, according to sales office data collected by The Mark Company. At... Read More »

Plans to Limit Restaurants and Bars as Neighborhood Retail Falters

Plans to Limit Restaurants and Bars as Neighborhood Retail Falters

With the rise of online retail sales and services impacting the viability of brick and mortar retail in San Francisco, landlords are seeing an increase in demand for street level spaces to be occupied by new restaurants and bars and an increase in vacancies for spaces which are restricted... Read More »

Development Driving the Office Market in San Francisco

Development Driving the Office Market in San Francisco

The average asking rent for office space in San Francisco inched up 0.7 percent in the fourth quarter of 2017 to end the year at an all-time high of $71.02 per square foot per year. That being said, the year-over-year gain in asking rent dropped to 1.8 percent, down... Read More »

Rents in San Francisco and Oakland down at the End of 2017

Rents in San Francisco and Oakland down at the End of 2017

Continuing the trend we first noticed forming at the end of 2016, asking rents for apartments in San Francisco and Oakland ended the year lower than at the start of 2017. In fact, based on a comparison of nearly 2,400 listings, the weighted average asking rent for an apartment... Read More »

Median Bay Area Home Sale Price Hits All-Time High, Sales Slip

Median Bay Area Home Sale Price Hits All-Time High, Sales Slip

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 7,268 in November, down 5.0 percent from an upwardly revised 7,653 in October and 2.7 percent lower versus the same time last year. And in San Francisco, the recorded sales volume last month... Read More »

Benchmark Mortgage Rate Inching Up, Ending 2017 Around 4%

Benchmark Mortgage Rate Inching Up, Ending 2017 Around 4%

As expected, the average rate for the benchmark 30-year mortgage inched up 5 basis points over the past week to 3.99 percent, which is the highest rate in five months and versus 2017’s low of 3.78 percent but still 33 basis points below the 4.32 percent rate in place... Read More »

Pending U.S. Home Sales Inch up but Expected to Slow

Having gained 3.5 percent in October, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, inched up another 0.2 percent in November to 109.5 which is 0.8 percent higher on a year-over-year basis but 2.5 percent below its 2017 peak... Read More »

Bay Area Home Values Tick Up, Condo Values Slip

Bay Area Home Values Tick Up, Condo Values Slip

Having inched up 0.5 percent in September, 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 – ticked up 1.2 percent in October while the index for Bay Area condos slipped 0.2 percent.... Read More »

Bay Area Unemployment Rates Just Dropped to Record Lows

Bay Area Unemployment Rates Just Dropped to Record Lows

Having slipped in October, the number of people living in the city of San Francisco with a job increased by 4,600 in November to a record 557,400 and the unemployment rate dropped to 2.3 percent, which is the lowest unemployment rate in San Francisco’s modern history, with the previous... Read More »

San Francisco Population Hits 880,000; Bay Area Over 7.7 Million

The estimated population of San Francisco proper has crossed the 880K mark, hitting 880,418 on the first of July, according to data from California’s Department of Finance. That’s an increase of 7,955 or 0.91 percent since July 1, 2016, matching the population growth rate over the previous year which... Read More »