Last week I was lucky enough to be invited to a talk that was being held at the headquarters of DPR Construction in San Francisco. The discussion was all about Net Zero Energy building practices and the gradual trend towards energy efficient design and building. What better place to have this discussion than in San Francisco’s first Certified Net Zero Energy Commercial Building. The panel was made up of several industry leaders in this particular field as well as the well renowned author Chip Conley.
As our industry gradually...
I finally had a chance to visit the highly anticipated luxury new construction at 450 Hayes St today, and here are all the juicy details!
Address: 450 Hayes St. SF/btw Gough & Octavia
Developer: DM Development & DDG (Previous projects include 8 Octavia and 400 Grove)
Designer: Handel Architect (Previous projects include Millennium Tower, NEMA)
(Hayes St view from one of the 4th floor unit!)
The building will have a total of 36 units, featuring...
Happy New Year!
As we enter a new and exciting year in 2016, I just wanted to share with everyone a quick summary of what SF real estate market would look like in 2016, as I've been recently reading many reports released by various sources including San Francisco Association of Realtors, California Association of Realtors, Fannie Mae etc.
Price: The San Francisco median sales price was up 15.7 percent(y-o-y) to $1,150,000 in 2015. Home prices should continue to rise in 2016 but perhaps at a tempered pace as the market approaches a natural balancing point. As Fannie Mae sees it, the year ahead will be less like a person in love and more like one in a satisfying long term relationship.
Inventory: Inventory went down by 3.7% in...