Articles Recently Tagged: Real Estate Records

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Pac Heights Compound Fetches $18.1 Million

Pac Heights Compound Fetches $18.1 Million

Purchased as a legal three-unit building for $7.3 million in early 2014 and then gutted, merged, expanded and “restored,” 2476 Broadway returned to the market listed as a “Stately Pacific Heights Compound” for $22 million this past May. Reduced to $19.5 million in August, the property was in contract... Read More »

The Nearly 64,000 Apartments and Condos in SF’s Housing Pipeline

The Nearly 64,000 Apartments and Condos in SF’s Housing Pipeline

With new proposals for slightly more units of housing than finished construction in the third quarter of 2016, the overall pipeline of apartments and condos under development in San Francisco has inched up by 400 to a record 63,700. While that’s 4,700 more units in the pipeline than at... Read More »

Mission Dolores Statement Home Fetches a Record $6.85 Million

Mission Dolores Statement Home Fetches a Record $6.85 Million

Originally marketed at $9 million, the sale of the modern 4,665-square-foot home at 50 Oakwood Street, which was listed on the MLS for $7.998 million in late April, has closed escrow with a contract price of $6.85 million, making it the most expensive home sale on record in Mission... Read More »

San Jose Breaks the Million Dollar Mark for Single-Family Homes

For the first time ever, a major metropolitan area in U.S. has recorded a median sale price above $1 million for single-family homes. And that honor belongs to San Jose, which includes Sunnyvale and Santa Clara. Behind San Jose at $1,085,000, which is 10.7 percent higher versus the same... Read More »

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Citing the emergence of “slow or no growth policies” amongst both start-ups and more established local firms, the office vacancy rate in San Francisco jumped 1.6 percent in the second quarter of 2016, the largest quarterly increase since the first quarter of 2009, according to data from Cushman &... Read More »

Index for Bay Area Home Values Ticks up but Rate of Change Slows

Index for Bay Area Home Values Ticks up but Rate of Change Slows

The Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area gained 1.5 percent in April, hitting an all-time high and surpassing the previous cycle peak recorded in May 2006 by 4 percent. But the rate of change has been slowing since the second quarter of 2015,... Read More »

Bay Area Home and Condo Indexes Hit All-Time Highs

Bay Area Home and Condo Indexes Hit All-Time Highs

With solid gains across all three price tiers, the Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area gained 2.3 percent in March and is now running 8.5 percent versus the same time last year, hitting a new all-time high and surpassing the previous cycle peak... Read More »

Median Home Price Hits $1.3M in SF as Bay Area Sales Slow

Median Home Price Hits $1.3M in SF as Bay Area Sales Slow

Bay Area home sales dropped 7.3 percent in April versus the same time last year, with all nine counties recording a decline, ranging from 2.6 percent in Contra Costa to a 15.2 percent drop in San Mateo. And while the recorded sales volume of single-family homes and condos in... Read More »

Office Rents in Oakland Hit an All-Time High

While demand for office space in San Francisco slipped last quarter, asking rents in Oakland’s Central Business District gained 8 percent, are up 36 percent versus the same time last year and have hit an all-time high, eclipsing the dotcom era peak at the end of 2000. In addition,... Read More »

Demand for Office Space in San Francisco has Dropped

Demand for Office Space in San Francisco has Dropped

For the first time since 2010, the average asking rent for Class A office space in San Francisco’s Central Business District has declined versus the quarter before, slipping 0.9 percent to $70.64 per square foot in the first quarter of the year. That being said, including Class B space,... Read More »