Articles Recently Tagged: Records

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Bay Area Luxury Home Values Hit All-Time High

Bay Area Luxury Home Values Hit All-Time High

First Republic’s “Prestige Index” for the values of San Francisco Bay Area homes worth at least $1.0 million and currently averaging $3.45 million rose 3.8 percent from the second to third quarter of 2014 and is 14.3 percent higher on a year-over-year basis. Having gained 38.4 percent from the current cycle bottom in the first Read More »

San Francisco Median Home Price Returns To Record Territory

San Francisco Median Home Price Returns To Record Territory

The number of San Francisco homes sold and the median price paid both rebounded in October, with the sales volume up 14.5 percent from September and even with the October before.  The sales volume in San Francisco typically rises from September to October but has increased has averaged 3.6 percent over the past ten years. Read More »

Mission Dolores Home Sale Sets Neighborhood Record

Mission Dolores Home Sale Sets Neighborhood Record

While the “Castle On the Park” at 601 Dolores sold as a 17,000-square-foot single-family home for $6.6 million in 2011, it has since been converted into a school.  And as such, 41 Cumberland, the sale of which has just closed escrow for $4,999,500, is now the most expensive home within the borders of Mission Dolores.  And Read More »

The Finest Home In Diamond Heights Sets Two Records

The Finest Home In Diamond Heights Sets Two Records

Listed as “the finest home in Diamond Heights” last month, the sale of 11 Cameo Way has just closed escrow with a reported contract price of $2.868 million, making it the most expensive home sale in the history of Diamond Heights. And at $1,017 per square foot, it’s the first reported home sale for over Read More »

Employment In San Francisco Hits Another All-Time High

Employment In San Francisco Hits Another All-Time High

Employment in San Francisco has reached another all-time high as the number of residents with a paycheck increased by 1,300 last month and now totals 477,600 with an unemployment rate of 4.4 percent, the second lowest rate since 2008, according to California’s Employment Development Department. That’s 17,600 more people employed in San Francisco than at the Read More »

Bay Area Rents Hit Record High, And Oakland Has Risen The Most

The average asking rent for an apartment in the Bay Area increased to a record $2,234 in the third quarter of 2014, up 3.5 percent over the past three months and 11.4 percent higher versus the same time last year.  And the average Bay Area studio is now renting for $1,931 per month, according to RealFacts, Read More »

Timing For Record Setting 16th Street Development: 2018 (Or Later)

Timing For Record Setting 16th Street Development: 2018 (Or Later)

MX3 Ventures has filed their preliminary plans to raze the two-story Superior Automotive shop at 3140 16th Street and construct a five-story building with four floors of condos over 8,000 square feet of ground floor retail on the Inner Mission site, a site for which the group paid a record setting $8.7 million a few Read More »

San Francisco Condo Values Hit Record High, House Values Slip

San Francisco Condo Values Hit Record High, House Values Slip

Single-family home values within the San Francisco MSA slipped 0.4 percent from June to July but remain 10.3 percent higher than at the same time last year, the smallest year-over-year gain since 2012, according to the latest S&P Case-Shiller Home Price Index. And while still 10.7 percent below a 2006 peak, the aggregate index for Read More »

Demand For Office Space In San Francisco Breaks Dot-Com Record

Back in 1999, the year before the dot-com boom busted, 7.4 million square feet of office space was leased in San Francisco.  Through the first three quarters of 2014, 7.6 million square feet of office space has been leased in the city, setting a new record with a quarter left to go. That being said, Read More »

Nearly 70,000 More Employed In San Francisco Since Early 2010

Nearly 70,000 More Employed In San Francisco Since Early 2010

Employment in San Francisco has reached another all-time high as the number of San Francisco residents with a paycheck jumped by 5,500 last month – the largest increase in a single month since the end of 2009 – and now totals 476,300 with an unemployment rate of 4.7 percent, according to California’s Employment Development Department. That’s Read More »

San Francisco Home Sales And Median Price Slip

San Francisco Home Sales And Median Price Slip

Home sales in San Francisco and the median price paid for a property in the city both dropped a little over 5 percent in August versus July.  Over the past decade, home sales in San Francisco have increased an average five percent over the same period of time, and home sales in the city are Read More »

Record-Breaking Prices In Hayes Valley, But An ‘Adjustment’ As Well

Record-Breaking Prices In Hayes Valley, But An ‘Adjustment’ As Well

With sales of the designer condos at 8 Octavia having kicked-off in July, around a third of the development’s 40 market rate units are now in contract, according to our sources. And according to the developer, record-breaking prices for the neighborhood of over $1,300 per square foot have been achieved for top-end units on the Read More »

Bay Area Luxury Home Values Hit A New High

Bay Area Luxury Home Values Hit A New High

First Republic’s “Prestige” index for the values of San Francisco Bay Area homes worth at least $1.0 million, and currently averaging $3.3 million, jumped 4.6 percent in the second quarter of 2014 and is running 12.2 percent higher on a year-over-year basis. Having gained 33.4 percent from the current cycle bottom which occurred in the Read More »

SF’s Record Employment Run Continues, Hiring Jumps In July

SF’s Record Employment Run Continues, Hiring Jumps In July

While the unemployment rate in San Francisco ticked up from 4.6 percent to 4.9 percent in July due to a sharp increase in the size of the city’s labor force, the largest increase in over four years, the number of San Francisco residents with jobs increased by 3,600 last month and employment in San Francisco has Read More »

Bay Area Million-Dollar Home Sales Hit An All-Time High

A total 5,734 homes sold for over a million dollars across the Bay Area last quarter, surpassing the previous peak of 5,699 recorded in 2005.  857 of the 5,734 million-dollar homes sold (15 percent) were in San Francisco, a second-quarter record and 13 percent higher versus the second quarter of last year. Santa Clara county recorded the Read More »