Bay Area Employment Trends up to Another Record High

Bay Area Employment Trends up to Another Record High

Having ticked up in October, the number of people living in San Francisco with a job increase by another 5,500 over the past month to a record 571,000 at the end of November and the labor force increased by 5,000 to 583,700, pushing the unemployment rate, which hit a... Read More »

Trendyloin Penthouse Finally Trades after Nine Years on the Market

Trendyloin Penthouse Finally Trades after Nine Years on the Market

Back in 2009, the roughly 3,600 square foot penthouse unit #2101 atop The Hamilton at 631 O’Farrell Street hit the market with a $4.5 million price tag, as we first reported at the time. Subsequently remodeled and relisted multiple times over the past nine years, including with a post-remodel... Read More »

The Plans for a Decaying City Block Have Been Drawn

The Plans for a Decaying City Block Have Been Drawn

Formerly owned by the Garibaldi family, the 2.2 acre Portola District block bounded by Woolsey, Hamilton, Wayland and Bowdoin streets, which is known as 770 Woolsey and is currently home to the decaying greenhouse remains of the family’s old University Mound Nursery (a.k.a The Rose Factory), was acquired by... Read More »

Up and Down on the Edge of Nob Hill

Up and Down on the Edge of Nob Hill

Having sold as new for $1.235 million in March of 2014, the 1,143-square-foot unit #511 at 1788 Clay Street (a.k.a. Marlow) has just traded hands with a $1.48 million contract price. And yes, on a straight line basis, that’s “up 19.8 percent!” since the first quarter of 2014. But... Read More »

The Fed Raises Rates, Signals Two More Hikes in 2019

As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling expectations for two more quarter-point increases in 2019, down from a previously expected three. The Fed dropped the benchmark... Read More »

Historic Lower Haight Theater Lofts Unit Takes a Little Hit

Historic Lower Haight Theater Lofts Unit Takes a Little Hit

Purchased for $1.62 million in August of 2015, the 1,845-square-foot loft unit #106 in the historic Theatre Lofts building at 560 Haight Street, a “chic industrial” conversion which “features double height windows, steel beams, vintage polished concrete and great ceiling volume,” returned to the market priced at $1.695 million... Read More »

Year-Over-Year Decline in Existing U.S. Home Sales Is Accelerating

Year-Over-Year Decline in Existing U.S. Home Sales Is Accelerating

While the seasonally adjusted pace of existing-home sales across the U.S. ticked up 1.9 percent in November to an annual rate of 5.32 million sales, the pace is now running 7.0 percent lower versus the same time last year, down from 5.1 percent lower on a year-over-year basis in... Read More »

Upgraded Russian Hill Victorian Nearly Fetches Its 2016 Price

Upgraded Russian Hill Victorian Nearly Fetches Its 2016 Price

Purchased for $2.95 million in June of 2016, the “exceptional” Russian Hill home on an extra-wide corner lot at 2500 Leavenworth Street, with “soaring 12-foot ceilings, hardwood floors and period details,” not to mention sweeping views from its upper level and deck, was subsequently upgraded and now features a... Read More »

Mission District Parking Lot Positioned for Big Development

Mission District Parking Lot Positioned for Big Development

Plans to develop the 20,000-square-foot parking lot parcel at 321 Florida Street, between 16th and 17th Streets in the Mission, are in the works. And as envisioned, over 150 units of housing could rise on the site. While the parcel is only zoned for development up to 68 feet,... Read More »

Adorable Bernal Heights Home Nearly Fetches its 2015 Price

Adorable Bernal Heights Home Nearly Fetches its 2015 Price

Purchased for $1.065 million in July of 2015, the “adorable” Bernal Heights home at 430 Nevada Street, which is located “within walking distance to bustling Cortland Ave” and features two bedrooms and one bath, with 880 square feet of finished space, a landscaped rear garden, one-car garage and bonus... Read More »