Designer Central SoMa Loft Nearly Fetches its 2014 Price

Designer Central SoMa Loft Nearly Fetches its 2014 Price

Designed by Adele Naude Santos, blending raw concrete walls with modern finishes, walls of windows, tiered ceiling heights and a “massive, sun-filled west facing deck” extending its living area, the 2,100-square-foot, two-bedroom loft at 236 Ritch Street traded for $1.895 million in the fourth quarter of 2014. This past... Read More »

Price Cuts Tick Up in San Francisco, Pending Sales Still Down

The percentage of homes listed for sale in San Francisco for which the asking price has been reduced at least once has ticked up a percentage point over the past week to 16 percent, which is 2 percentage points higher on a year-over-year basis and 7 percentage points higher... Read More »

Quickly in Contract and Sold! (Below its 2016 Price)

Quickly in Contract and Sold! (Below its 2016 Price)

The “fabulously located condominium” unit #1 at 1536 Pacific Avenue, which was built in 2009 and “designed to withstand the test of time with high quality materials, construction and finishes throughout,” sold for $2.5 million in February of 2016, fetching roughly $1,777 per square foot. In addition to three... Read More »

Sexy Time Redevelopment Closer to Reality

Sexy Time Redevelopment Closer to Reality

As we first reported last year: “Plans to raze the recently shuttered Institute for Advanced Study of Human Sexuality building at 1523 Franklin Street and construct a decidedly modern building designed by Alan Tse and Charles Chan Architectural Studio upon its corner parcel have been abandoned. But plans to... Read More »

Lowest Bay Area Home Sales in 11 Years, Prices Drop

Lowest Bay Area Home Sales in 11 Years, Prices Drop

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 3,857 in January, down 14.9 percent on a year-over-year basis. And in addition to representing another 11-year seasonal low, last month’s sales were an 11-year low in the absolute as well, according to... Read More »

Master Schedule for Modernization of Caltrain Officially Slips

Master Schedule for Modernization of Caltrain Officially Slips

As we first reported last year, while the projected Revenue Service Date (RSD) for Caltrain’s electrification and modernization project hadn’t been moved from December of 2021, the projected timeline to complete the first eight miles of electrified track and begin testing was running six (6) months behind schedule. And... Read More »

Mortgage Rates Hold

Mortgage Rates Hold

The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, but has since dropped 59 basis points, was unchanged over the past week, holding at 4.35 percent, which is 8 basis points below its mark at the same time last... Read More »

Pending Home Sales in the U.S. Tick Up, Down Year-Over-Year

Pending Home Sales in the U.S. Tick Up, Down Year-Over-Year

Having dropped 2.2 percent in December, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, ticked up 4.6 percent in January to 103.2 but remains 2.3 percent lower on a year-over-year basis and 8.1 percent below a cyclical high of... Read More »

$47.5 Million Woodside Estate Fetches Under $10 Million at Auction

$47.5 Million Woodside Estate Fetches Under $10 Million at Auction

Originally marketed by Sotheby’s with a $47.5 million price tag back in 2012, the asking price for “Woodhaven Manor” – which was built in 1988 and includes a 12,000-square-foot main home, a 1,200-square-foot carriage house and a 1,000-square-foot guest house on over 3 acres of land at 700 Kings... Read More »

Indexes for Bay Area Home and Condo Values Continue to Drop

Indexes for Bay Area Home and Condo Values Continue to Drop

Having dropped another 1.4 percent in December, which is the largest month-over-month decline in seven years, 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) shed nearly 3 percent in the fourth quarter of... Read More »