Election Results and Turnout in San Francisco (UPDATED)

Election Results and Turnout in San Francisco (UPDATED)

Based on a tally of 221,151 votes, which now includes all 102,345 ballots cast at polling places along with 118,806 of a potential 320,207 vote-by-mail ballots which had been processed prior to the election, here are the preliminary results for the real estate related ballot measures we’re tracking: Proposition... Read More »

#Vote2018

As of yesterday, roughly 500,400 people were registered to vote in San Francisco, down from 513,400 the day before the election in 2016; 366,000 mail-in ballots had been issued for today’s election (up from 346,000 at the same time in 2016); and 126,200 ballots had been returned (down from... Read More »

Brazen Airbnb Scofflaws Agree to Another $2.25 Million in Fines

Brazen Airbnb Scofflaws Agree to Another $2.25 Million in Fines

Having been charged with evicting tenants from rent-controlled units and then illegally marketing the apartments as short-term rentals on Airbnb, Homeway and VRBO, Darren and Valerie Lee agreed to pay $276,000 in penalties and fees back in 2015. As we first reported at the time, the settlement included injunctive... Read More »

Plans to Save the Façade of Iconic North Beach Sausage Factory

Plans to Save the Façade of Iconic North Beach Sausage Factory

As we first reported last year: Built in 1948, the shuttered Buon Gusto Sausage Factory at 535 Green Street was once the largest sausage and salami producing facility in the west. The 8,600-square-foot building, which is in need of work and includes a 4,000-square-foot basement, sits on an 11,000-square-foot... Read More »

40 Percent More Homes on the Market in San Francisco

Having peaked at a 7-year high last month in the absolute, the relative number of homes listed for sale in the San Francisco (940) remains around 40 percent higher versus the same time last year. At a more granular level, the number of single-family homes currently listed for sale... Read More »

The Most Expensive Home in San Francisco is Still Under Wraps

The Most Expensive Home in San Francisco is Still Under Wraps

The San Francisco mansion at 2901 Broadway has been listed for $55 million. Or rather, it was listed for $55 million back in 2007, prior to the market tanking. Based on our calculations, which we just double checked, that’s $10 million more than the current $45 million price tag... Read More »

Million Dollar Reduction for Rare Pac Heights Parcel and Plans

Million Dollar Reduction for Rare Pac Heights Parcel and Plans

The Pacific Heights parcel and approved plans for a modern 6,800-square-foot home to rise on the site, which were drawn by John Maniscalco Architecture and the subject of both a confidentially settled lawsuit and unsuccessful Discretionary Review (DR), hit the market earlier this year with a $9.995 million price tag. While... Read More »

Waylaid NoPa Development Slated for Approval, Again

Waylaid NoPa Development Slated for Approval, Again

While waylaid by efforts to increase the percentage of below market rate (BMR) units the proposed six-story building to rise on the old Alouis Radiator shop turned Seismic Retrofitters parcel at 650 Divisadero Street would be required to provide, the project could be approved by San Francisco’s Planning Commission... Read More »

City Bracing for Lawsuit over Adoption of Its Central Soma Plan

City Bracing for Lawsuit over Adoption of Its Central Soma Plan

While San Francisco’s Board of Supervisors have upheld Planning’s certification of the City’s framework to mitigate the projected environmental impacts of its ambitious Central SoMa Plan, it has yet to formally adopt said Plan, the vote for which was anticipated to occur last month. If adopted by the Board,... Read More »

Mortgage Rates Slip but Hover near 8-Year Highs

Mortgage Rates Slip but Hover near 8-Year Highs

Having jumped to 4.9 percent in early October, which was the highest average rate since early 2011, the average rate for a benchmark 30-year mortgage has slipped 7 basis points over the past three weeks to 4.83 percent, which is still 89 basis points above its mark at the... Read More »