Bay Area home sales fall, but prices rise
Bay Area home sales fell and prices rose a bit in October, but overall it was a quiet month, new figures show. However, it was just before Donald Trump was elected president, and mortgage rates jumped half a percentage point.
Anecdotally, real estate agents say some buyers have exited the market since the election because their loan got too expensive, they became unsure of their immigration status or just got cold feet. But so far, no data suggest that the election is having an impact on the local real estate market.
The median price paid for all homes sold in the nine-county Bay Area in October was $675,000, according to a CoreLogic report released Wednesday.
Dogpatch, San Francisco: A Hub for the Creative
At the end of the day, when Dennis Herrera is done with projects like suing the developers of San Francisco’s notoriously sinking Millennium Tower, he goes home to his solidly built house near the bay. Mr. Herrera, 54, has been San Francisco’s city attorney since 2001. He has lived in Dogpatch, a waterfront enclave on the eastern side of the city, even longer.
Walk-through: Contemporary Victorian in Cole Valley
Once a destination for 1960s rock stars, this Queen Anne Victorian near Haight-Ashbury is now a remodeled four-bedroom home full of upscale finishes. George Harrison, Janis Joplin, James Brown, Jimi Hendrix and others visited when Rolling Stone magazine photographer Baron Wolman and wife Juliana Wolman lived there. All three levels open to outdoor spaces; the lower level leads to a patio and fire pit in the terraced backyard. A dual-sided fireplace offers visual contrast in the great room that opens to a rear deck through a collapsible glass wall. Stainless steel appliances and high-gloss cabinets are in the open kitchen that includes a Corian-topped island. There is a wet bar in the downstairs family room and a custom steel-blade staircase connects all levels. The home is open Sunday from 2 to 4 p.m. Visit www.164belvedere.com for details.
Is San Francisco’s Castro district losing its gay identity?
On the streets of San Francisco’s Castro district, baby strollers are more common than drag queens these days, and homeowners are as likely to identify as “techie” as LGBT. The famed neighbourhood, the epicentre for gay pride activism in the 1960s and 1970s, is in the midst of a transformation, which some describe as a battle for the heart of the community.