Refined Design and Timing for That Creative Uptown Tower

Refined Design and Timing for That Creative Uptown Tower

As we first reported early last year, plans for a 27-story “creative office building,” with an oxidized metal frame, trim and finishes, to rise up to 465 feet in height upon the entire Uptown Oakland block bounded by West Grand, Telegraph, 22nd and Valley have been drawn. As refined... Read More »

Plans to Develop Lucca Ravioli’s Mission District Parking Lot

Plans to Develop Lucca Ravioli’s Mission District Parking Lot

Having hit the market in August, Lucca Ravioli’s detached parking lot at 1120 Valencia sold for $3.5 million and plans to develop the Mission District parcel have been drafted. And as preliminarily envisioned, a five-story building would rise up to 55 feet in height upon the site, with 18... Read More »

Rents in San Francisco and Oakland Reversed Course in 2018

Rents in San Francisco and Oakland Reversed Course in 2018

Having dropped in 2017, the weighted average asking rent for an apartment in San Francisco and Oakland ticked up in 2018 but both markets remain below peak. Including one-off rentals, as well as those in larger developments, the average asking rent for an apartment in San Francisco is now... Read More »

2018 Ends with More Homes for Sale in SF, Pending Sales Down

2018 Ends with More Homes for Sale in SF, Pending Sales Down

With only a handful of homes having been newly listed for sale over the past week, and the seasonal culling of unsold listings – which will likely return to the market as “new” in the new year – having peaked, the number of homes actively listed for sale in... Read More »

Bay Area Home Sales Drop, Median Price Trending Down

Bay Area Home Sales Drop, Median Price Trending Down

Having rebounded to a 7-year seasonal low in September, the number of single-family homes and condos that traded hands across the greater Bay Area totaled 6,147 in November, down 14.1 percent on a month-over-month basis (versus a typical seasonal drop of around 10 percent) and 15.2 percent lower versus... Read More »

Palo Alto Prestige Trades for Nearly $2 Million Less

Palo Alto Prestige Trades for Nearly $2 Million Less

Purchased for $8.5 million in June of 2016, the “sumptuous” Palo Alto home at 1117 Hamilton Street, which sits on a “prestigious Crescent Park” parcel and features “exquisite architectural and interior design, exotically-sourced materials, hand-crafted finishes, and elegant appointments throughout,” returned to the market listed for $8.95 million in... Read More »

Pending U.S. Home Sales Continue to Drop Despite More Inventory

Pending U.S. Home Sales Continue to Drop Despite More Inventory

Having dropped 2.6 percent in October, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, declined another 0.7 percent in November to 101.4 and is now running 7.7 percent lower on a year-over-year basis and 9.7 percent below last year’s... Read More »

Mortgage Rates End the Year Half a Point Higher

Mortgage Rates End the Year Half a Point Higher

Having hit a 7-year high of 4.94 percent last month, the average rate for a benchmark 30-year mortgage has since dropped 39 basis points, including 7 basis points over the past week, to 4.55 percent but remains 56 basis points above its mark at the same time last year,... Read More »

Indexes for Bay Area Home Values Slip and Fall

Indexes for Bay Area Home Values Slip and Fall

Having slipped 0.7 percent in October, 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 – has shed a total of 1.0 percent over the past quarter and its year-over-year gain has dropped... Read More »

Refined Timing for Affordable Development to Rise in Mission Bay

Refined Timing for Affordable Development to Rise in Mission Bay

The ground for the 152-unit development which will rise up to 74 feet in height, not including its parapets, on the western half of Mission Bay South Block 6, along Merrimac Street, between China Basin and Mission Bay Boulevard North, is now expected to be broken this coming April... Read More »