Bay Area Home Sales Plunge to an 11-Year Seasonal Low

Bay Area Home Sales Plunge to an 11-Year Seasonal Low

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 5,970 in September, down 18.9 percent on a year-over-year basis and the slowest September in terms of sales since 2007, according to recorded sales data from CoreLogic. In San Francisco, recorded sales totaled... Read More »

Illegal Airbnb-Ing Activity in SF Persists but on the Decline

Illegal Airbnb-Ing Activity in SF Persists but on the Decline

The number of formal complaints related to illegal short-term rental activity in San Francisco has continued to drop, with a total of 231 complaints lodged in the first three quarters of the year, down nearly 50 percent versus 2017 and 55 percent fewer than the 516 lodged in the... Read More »

Destination Waterfront Hotel Redesigned

Destination Waterfront Hotel Redesigned

Facing pushback from the Bay Conservation and Development Commission’s (BCDC) Design Review Board, which determined that the plans for a 155-room resort hotel to rise up to six stories in height on the Jack London Square parcel known as F3 would not adequately provide “a distinctive waterfront place with... Read More »

Pending Home Sales in San Francisco Remain Down

While the inventory of homes for sale in San Francisco is now running 40 percent higher on a year-over-year basis and price cuts are on the rise, the number of homes in contract remains lower versus the same time last year. And in fact, while the year-over-year drop in... Read More »

Index for Bay Area Home Values Slips

Index for Bay Area Home Values Slips

Having inched up 0.6 percent to a record high in July, 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 – slipped 0.3 percent in August but remains 10.6 percent higher on a... Read More »

Concept Proposals for SF’s Historic Piers Are Due

Concept Proposals for SF’s Historic Piers Are Due

Responses to the Port of San Francisco’s request for concept proposals from developers and tenants interested in redeveloping thirteen of San Francisco’s historic piers, along with the Agriculture Building adjacent to San Francisco’s Ferry Building, are due this Wednesday, October 31, at 5PM. Once again, proposed concepts for the... Read More »

Plans for New Polk Gulch Tower Formalized

Plans for New Polk Gulch Tower Formalized

A formal application to raze the vacant two-story building at 925 O’Farrell Street, which had previously been home to Thai Stick Shabu Shabu, and develop a skinny 14-story tower upon its Polk Gulch parcel, which was secured for $3.6 million last year, has now been submitted to Planning. While... Read More »

Inventory Peaks in San Francisco, Price Cuts on the Rise

With the number of homes actively listed for sale in the San Francisco hovering around 960, the 7-year high it hit last week, inventory levels appear to have peaked for the year and are now running an average of 40 percent higher on a year-over-year basis. At a more granular... Read More »

The Latest Timing and Budget for 157 Affordable Apartments to Rise

The Latest Timing and Budget for 157 Affordable Apartments to Rise

The financing to build 157 below market rate (BMR) rental units upon the former Phoenix Continuation High School site turned Mission District Navigation Center at 1950 Mission Street is now expected to close sometime between mid-November and December 15. The ground is expected to be broken within 10 days of... Read More »

High-Tech Noe Home Back on the Market

High-Tech Noe Home Back on the Market

The “High-Tech Noe Home” at 525 28th Street hit the market as new for $3.6 million in June of 2014 and sold for $3.65 million that July. Designed by EE Weiss Architects, an elevator runs from the two-car garage to the top floor of the four-story, four-bedroom home, with... Read More »