The announcement of a proposed 50-story, 712-unit skyscraper at the Sloat Garden Center location by the SF Zoo this past month stirred up quite a bit of debate on whether this is appropriate for the neighborhood and the west side of town. To put that into perspective, it will be approximately 600 feet tall, about the height of the Embarcadero Center Towers near the Ferry Plaza.
March brought us news that two of our local banks are in crisis mode. The feds came in and shut down Silicon Valley Bank. Its competitor, First Republic Bank, is still under tremendous pressure at the time of this writing.
The year is well underway, and like any other year, people are preparing for the big push in the spring real estate market. However, unlike every year, there is uncertainty in the air.
Being a rental property owner in San Francisco gets harder and harder each year. There is a new law that passed in 2020 that requires owners of residential units to get a license before they can increase the rent. This law went into effect for buildings with 10 or more units on July 1, 2022 and will go into effect for all other residential buildings on March 1, 2023 with updates required by every March 1 thereafter.
The Richmond District single-family median home prices finally took a dip after rising 10 years in a row, with prices declining by 8.9% and the number of sales by 9.3% in 2022. But these numbers do not tell the whole story as the market was a tale of two halves.
The Sunset District’s single-family median home prices finally took a dip after rising 10 years in a row with median prices declining by .3% and the number of sales by 10.7% in 2022.
As 2022 comes to an end, we have had an interesting year in the real estate market. The question being asked at the end of the year is always, “Where is the real estate market headed?”
Ever since I wrote about the mortgage interest rates going up from 3% to 4.5% a couple of months ago and how that translates to the amount of real estate a buyer can purchase, I have been getting many questions on how that looks now that the interest rate is around 6.5 to 7%.
This November, we will have a plethora of ballot measures to go through both on the state and local level. We are already bombarded with ads for online gambling, abortion rights, affordable housing and candidates running for offices. I will stick to my expertise and cover the real estate related measures in this column and comment on others that can have an effect on real estate.
As a student of real estate my entire life, 2022 holds special interest for me as this prolonged real estate cycle is changing. Normally in September I write about what we can expect in our fall real estate market because it marks the start of our second selling season of the year in San Francisco.
With more than 5,000 real estate agents selling properties in San Francisco, how do you go about choosing an agent to service your real estate needs?
In the past we’ve shown you a lot of before and after housing offers, where a once-humble Richmond abode undergoes renovation and comes out the other side with not only a new […]
A city like San Francisco needs hundreds of street names, and you run out of obvious ones surprisingly quickly. On top of that, people turn out to have very strong opinions about […]
San Francisco’s housing debates make a lot of noise over “luxury housing,” but if you ask around you’ll find that few people have any specific idea what that term means. If you […]
We’ve been playing the before-and-after home comparison game a lot lately–but then, we’re seeing an awful lot of freshly renovated properties in the neighborhood, so it’s bound to come up. Sometimes the […]
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