San Francisco, CA
California condo prices plunge in San Francisco, worth less than decade ago
Despite recent signs that San Francisco is on a path to economic recovery, condos in the city are yet to make a comeback, as several sellers are still slashing their asking prices to try to attract reluctant buyers.
As of Tuesday morning, there were a total of 687 condos listed for sale on real estate marketplace Zillow in San Francisco. Of these, 87 had price reduction—over 12 percent of all listings. Vacation rental investor Rohin Dhar, who often shares Zillow listings with dramatic price cuts on social media, wrote on X, formerly Twitter, about a one-bedroom condo unit in downtown San Francisco; it was recently sold for $680,000, down from the sum of $825,000 it fetched when it was purchased in 2015.
“As condo prices have declined in downtown San Francisco, one bedroom condos have been hit particularly hard,” Dhar wrote on the social-media platform. “Are you generally just better off renting than buying a one bedroom apartment?”
More From Newsweek Vault: Should I Buy a House Now or Wait? How to Determine the Right Time to Get a Mortgage
As condo prices have declined in downtown San Francisco
One bedroom condos have been hit particularly hard
Here we have one purchased in 2015 for $825k
That just sold in 2024 for $680k
Are you generally just better off renting than buying a one bedroom apartment? https://t.co/sbzDZjyalu pic.twitter.com/UvQWYiazeu
— Rohin Dhar (@rohindhar) August 9, 2024
The Zillow listing shows that the asking price for the property, which was sold on August 7, was reduced four times by the seller since the property was put up for sale in May this year for an initial asking price of $750,000—already much less than its 2015 price. The condo was built in 2009, and homeowner association (HOA) fees are $707 per month.
Dhar shared the listing for another one-bedroom condo unit in downtown San Francisco, which is now being sold for less than it fetched in 2005—about two decades ago. The 618 square feet condo at 260 King Street was sold for $505,000 in November 2005; 10 years later, in June 2015, it was sold again for a higher sum, $615,000; and in 2018, it was purchased for an even higher $670,000.
Now the condo’s seller is trying to get significantly less for the unit. The condo was listed in February for $579,000, and since then, has seen three different price cuts. On August 1, the asking price was lowered to $498,000, but the unit remains unsold. The condo was built in 2004—which means it is 20 years old—and HOA fees are $980 per month.
More From Newsweek Vault: How Much Is My House Worth? How to Determine Your Home’s Value
Justin Sullivan/Getty Images
Condo prices in San Francisco have seen significant drops since the pandemic, as the city faced a mass exodus of workers, especially in downtown, as well as office and retailers’ closures. Between February 2020 and February 2024, San Francisco’s condo values plunged by 12.8 percent, according to Zillow data, from $1.14 million to $997,000.
While some condo owners are still slashing listed prices and office buildings remain vacant, there have been reports that the situation is starting to change in San Francisco.
More From Newsweek Vault: The Hidden Costs of Homeownership
Patrick Carlisle, chief market analyst at Compass, recently told the San Francisco Chronicle that the city’s condo market will face a significant rebound this year, pointing at his company’s data showing that the median price of a condo rose by 5.6 percent between December 2023 and February 2024 compared to the same stretch of time in 2022-23.
San Francisco, CA
Retired San Francisco firefighter dies from lung cancer after Blue Shield denies treatment claims
SAN FRANCISCO (KGO) — The retired San Francisco firefighter at the center of a bitter insurance fight has lost his battle against cancer.
Ken Jones passed away Saturday, 14 months after being diagnosed with stage four lung cancer.
PREVIOUS REPORT: City asked to intervene after SF firefighter’s stage 4 lung cancer treatment denied by Blue Shield
We first told you about Jones in January — when the 17-year veteran and supporters asked the City Commission for help.
The Fire Department’s insurance carrier, Blue Shield, denied coverage for some of his recommended treatments.
Ken Jones was 70 years old.
SF firefighters rally for retiree denied cancer treatment by Blue Shield as more come forward
“After we got some publicity, thank you, a Blue Shield physician reached out to Ken’s physician, and they worked out a different plan that Blue Shield would cover. It’s still an incomplete plan,” said Helen Horvath, Jones’ wife when ABC7 Eyewitness News spoke to her in January, 2026.
Since then, Jones’ story has led to an investigation into other cases, with the city’s mayor vowing to support firefighters.
According to San Francisco’s Health Service Board, about 5,000 city employees and retirees are insured by Blue Shield. Now, city leaders are asking anyone who has been denied cancer treatment to speak up.
Tony Stefani with the Cancer Prevention Foundation said firefighters with a cancer diagnosis have a 14% higher chance of dying than other cancer patients in the general population.
“Current statistics tell us that 65% of the men and women in our profession are going to contract some form of cancer in their lifetime. Some of them will be fatal,” Stefani said.
In a Statement Blue Shield said, in part: “For Medicare members, health plans must follow medical policy established by the Centers for Medicare and Medicaid Services (CMS).”
Copyright © 2026 KGO-TV. All Rights Reserved.
San Francisco, CA
What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock
Few things are more valuable in the Bay Area than real estate. In San Francisco, the median house price is now over $2 million. Last month, at least seven houses in the city sold for $1 million over the asking price, and buyers regularly offer to pay in cash or waive contingencies to stay competitive. Yet there is one thing that remains even more valuable than a house, and possibly more valuable than money itself: stock in Anthropic or OpenAI.
Last week, 160 Noe Street, an Edwardian home in San Francisco’s desirable Duboce Triangle neighborhood, was listed for sale at $2.9 million—or the equivalent amount in Anthropic or OpenAI shares, as based on those companies’ current valuations. Rachel Swann, the listing agent, says she was inspired to set these unusual terms after meeting several Anthropic employees at an open house for a different property. “These people have a lot of paper wealth, but they don’t always have the liquidity to do things they want,” Swann says. Some of these employees were expecting to come into as much as $50 million from their Anthropic shares, and wondered if they could use that as leverage to buy a house, according to Swann. “This kept coming up over and over again.”
Swann’s listing is unconventional, but not singular. In April, an investment banker named Storm Duncan offered to exchange his Mill Valley home and an adjacent parcel of land for Anthropic shares. And in May, Vijay Chattha, who owns an agency that does PR for tech companies, listed his Healdsburg home for $2.5 million, or $2 million in Anthropic stock. “I want to sell my house, and I want to invest in Anthropic,” Chattha says. “Why not combine the two?
Chattha’s house—a three bed, three bath with a pool and a bocce court in a part of Sonoma County that abuts some of the region’s most famous wineries—also comes with coveted short-term rental status, allowing the owner to list it on platforms like Airbnb. Only a handful of properties in Healdsburg come with that status, and only about a dozen come up for sale in a given year.
Chattha is offering a $500,000 discount to Anthropic employees because he believes the value of Anthropic shares will grow faster than any other investment, and his vacation home in wine country is the best bargaining chip he has to try to access them. “If you look at Anthropic’s growth last year, it’s insane,” he says, noting the $380 billion valuation the company claimed in February. “Now they’re raising at $965 billion. That’s three X in like three months.” He added that he was open to exchanging the house for shares in Anthropic, but not OpenAI, because he prefers using Anthropic’s products.
The real estate listings come at a time when investors are salivating at the record-high valuations of Anthropic and OpenAI, and even those considered wealthy by Bay Area standards are feeling FOMO about the affluence that could come from these companies’ debuts on the stock market. (On Monday, Anthropic submitted paperwork for its initial public offering; OpenAI is also reportedly preparing to file in the coming months.) Despite the unprecedented valuations of these companies, many people believe their stock prices will only go up, and that anyone who gets a piece now could win the jackpot.
People are clamoring to buy equity in OpenAI and Anthropic on the secondary market, leading to a frenzy of transactions that may or may not be legitimate. As a result, Anthropic updated its policy around “unauthorized Anthropic stock sales” this spring, which notes that “if someone purports to sell Anthropic shares without proper board approval, that transaction is invalid.” A spokesperson for Anthropic pointed back to this policy when asked about the possibility of exchanging company shares for real estate.
San Francisco, CA
Live Updates: San Francisco Primary Election 2026
Welcome to our running tally of Election Night results. Or, as this is California, well beyond tonight, as results continue to trickle in.
The first batch of results should arrive at 8:45 p.m., with three more to follow tonight. The Department of Elections has the breakdown.
San Francisco is voting in three special elections, for District 2 and District 4 supervisors and for a Board of Education member. Both supervisor races are referendums on housing, especially District 2, while the main backdrop of the D4 race is all the hot feelings around the fate of the Sunset Dunes Park (nee Great Highway).
The winners of all three special races will have to compete again in November for their seats.
Keeping it local, SF is also voting on four ballot measures. Prop A is for a bond to pay for an emergency water-system. B is for term limits. C and D are dueling measures related to the “overpaid CEO” tax. (Links go to our reporting on each race or issue; or click here for our Election 2026 page.)
Vote local, think national: Which two candidates will advance to the November election to replace Nancy Pelosi?
Statewide races include the primaries for governor, education superintendent, lieutenant governor, and much more.
Polls close soon. If you haven’t voted yet, find your polling station here.
Tuesday, June 2, 5:40 p.m.
Two and a half hours until our polls close. Before we go down the local rabbit hole, a reminder that other states have primary action today: New Jersey, Iowa, New Mexico, South Dakota, and Montana.
Why does it take so long to get results in California? CalMatters has you covered on that story. We shouldn’t expect a call tonight on the governor’s race.
The last big election was November 5, 2024. (Remember?) Ten days later, there were still races to call in San Francisco.
So if you’re waiting for the pundits (and maybe even us) to tell you What It All Means, you might have to wait a while.
More from The Frisc…
-
World4 minutes agoTrump expands Cuba sanctions beyond US companies in major crackdown on foreign enablers
-
Politics7 minutes agoBessent flips script on Dem senator with reminder about his son’s past ties to Epstein
-
Health19 minutes agoNew ways to prevent flu revealed in ‘accidental’ lab breakthrough, study finds
-
Sports22 minutes agoRussell Wilson announces retirement from NFL after 14 seasons
-
Technology27 minutes agoDark web monitoring: does it put your data at risk?
-
Business34 minutes agoIn a first for the country, voters in Monterey Park ban data centers
-
Entertainment37 minutes agoReview: Muscling past a flat script, a big-screen ‘Masters of the Universe’ embraces its own silliness
-
Politics49 minutes agoHilton and Becerra lead California’s unsettled governor’s race; Steyer faces elimination