Price Cut for Storied North Beach Venue

Price Cut for Storied North Beach Venue

宝贝镜子里的你多浪As we outlined in September of last year: Built for an Italian men’s club in 1919, complete with a gym, boxing ring, and private social/supper club space, the ornate “Garibaldi Hall” at 435/443 Broadway, which is now on the market, has a storied history to tell. The roughly 12,000-square-foot... Read More »

Squatter/Denser Plans for Lower Potrero Hill Site

Squatter/Denser Plans for Lower Potrero Hill Site

宝贝镜子里的你多浪Plans to level the low slung commercial complex at 300 De Haro?and develop a 13-story building at the corner of 16th Street appear to have been abandoned.? But a squatter set of plans for the odd shaped Lower Potrero Hill site have been drawn. While the 13-story structure was... Read More »

Plans for Condos Atop Iconic Union Square Building Progress

Plans for Condos Atop Iconic Union Square Building Progress

As we first revealed earlier this year, plans to redevelop the iconic I. Magnin/Macy’s Building on the southwest corner of Geary and Stockton, across from Union Square, were in the works, plans which included the addition of 21 residential condos atop the building; the conversion of the building’s middle... Read More »

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Number of Bay Area Unemployment Claims Hits a Million (YTD)

Having climbed to over 57,500 in April, the number of San Francisco residents that filed a new/initial unemployment claim dropped to 24,243 in May. That being said, the number of employed people residing in the city has continued to decline and over 133,000 new unemployment claims have been filed... Read More »

Plans to Raze $16 Million Sea Cliff Home and Build Anew

Plans to Raze $16 Million Sea Cliff Home and Build Anew

Quietly acquired for $16 million in August of last year, plans to raze the 11,351-square-foot, three-story Mid-Century home at 4 Sea Cliff Avenue – which was built in 1956, expanded in 1998, upgraded in 2016 and occupies a 26,432-square-foot parcel overlooking Baker Beach, the Golden Gate and its Bridge... Read More »

Asking Rents in San Francisco Drop Even More, Listings Double

Asking Rents in San Francisco Drop Even More, Listings Double

The weighted average asking rent for an apartment in San Francisco has now dropped to $3,825 a month. While that’s not exactly cheap, it’s nearly 7 percent ($275) cheaper than four months ago, 10 percent ($450) cheaper than at the same time last year and 14 percent ($625) cheaper... Read More »

Reductions on the Rise

The percentage of homes on the market in San Francisco which have undergone at least one official price reduction is currently running around 21 percent, which is six (6) percentage points, or roughly 39 percent, higher than at the same time last year. And with inventory levels up 60... Read More »

Pace of Existing-Home Sales Down Nearly 30 Percent Nationwide

Pace of Existing-Home Sales Down Nearly 30 Percent Nationwide

Having plummeted nearly 18 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 9.7 percent in May to an annual rate of just 3.91 million sales. As such, the current pace of sales is now down 26.6 percent on a year-over-year basis according... Read More »

Number of Homes on the Market in S.F. Continues to Climb

Number of Homes on the Market in S.F. Continues to Climb

Having hit a 9-year high in the absolute last week, the number of homes on the market in San Francisco has continued to climb and now totals 1,140, representing 60 percent more inventory than at the same time last year and 110 percent more inventory than in 2015 as... Read More »

Bay Area Unemployment Rate Drops with Labor Force Decline

Bay Area Unemployment Rate Drops with Labor Force Decline

Based on employment data through the second week of May, the estimated number of San Francisco residents with a paycheck has dropped by over 92,000 over the past three months to 481,500, while the labor force has shrunk by over 36,000 to 550,900, for an unemployment rate of 12.6... Read More »