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Nearly One in Give San Francisco Homes Sells at a Loss

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Nearly One in Give San Francisco Homes Sells at a Loss


Nearly one in five homeowners in San Francisco are selling their homes for a loss.

Some 17.8 percent of homes sold in the city during the three months ending Feb. 29 traded at a loss, Newsweek reported, citing figures from Redfin.

In the three months ending Jan. 31, the share of homeowner losses was 17.9 percent — the city’s highest level in 11 years and a higher share than any other major U.S. city.

The typical homeowners sold their home for $155,500 less than they bought it for, mainly because prices have swung back to normal after the pandemic boom years, Redfin writes.

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Some home values have dropped further.

An unidentified homeowner sold a two-bedroom, two-bathroom condominium last week at 1075 Market Street for $675,000 — nearly half of what it last traded for in 2019, at $1.25 million. The condo is a five-minute drive to Union Square, and three minutes to the Tenderloin.

Home prices in San Francisco, among the most overvalued cities in the country, have plunged during a correction of the market starting in late summer 2022 and last spring.

Downtown San Francisco has been hit hard by a shift to remote work led by tech firms, which resulted in a 36.6 percent office vacancy.

A rise in retail theft led to Nordstrom, Whole Foods and other firms shutting down stores.

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All this has led to properties peeling off value.

While prices modestly bounced back in the City by the Bay between summer and fall last year, they started dropping again in October, according to Newsweek.

As of March 31, the average San Francisco home was worth $1.29 million, or 7.5 percent less than a year ago,  according to Zillow,

In California, home prices have also fallen since last year. The average home value in the Golden State was $783,666, down 44.5 percent compared to a year before. 

Across the nation, typical home prices were also down by 44.4 percent year over year to $354,179.

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Despite the drop in prices, the cost of buying a home in California remains high because of a chronic lack of inventory, which has buttressed prices. San Francisco is still the most expensive market in the nation, according to Newsweek.

At the same time, interest has ticked up in the San Francisco condo market, especially outside of the downtown core, according to The Real Deal.

The upswing in demand started late last year as interest rates came down, agents and developers say, and has continued this spring as tech buyers returning to the office are making deals with sellers who have come to terms with the drop in price required to close deals in the current market. 

— Dana Bartholomew

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San Francisco, CA

Sunset Night Market makes official return to San Francisco

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Sunset Night Market makes official return to San Francisco




Sunset Night Market makes official return to San Francisco – CBS San Francisco

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San Francisco, CA

Giants scratch Rafael Devers from lineup with tight hamstring

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Giants scratch Rafael Devers from lineup with tight hamstring


Friday, February 27, 2026 9:48PM

SCOTTSDALE, Ariz. — The San Francisco Giants scratched slugger Rafael Devers from the starting lineup because of a tight hamstring, keeping him out of a spring training game against the Los Angeles Dodgers on Friday.

The three-time All-Star and 2018 World Series champion is starting his first full season with the Giants after they acquired him in a trade with the Boston Red Sox last year.

Devers hit 35 home runs and had 109 RBIs last season, playing 90 games with San Francisco and 73 in Boston. He signed a $313.5 million, 10-year contract in 2023 with the Red Sox.

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He was 20 when he made his major league debut in Boston nine years ago, and he helped them win the World Series the following year.

Devers, who has 235 career homers and 747 RBIs, led Boston in RBIs for five straight seasons and has finished in the top 20 in voting for AL MVP five times.

Copyright © 2026 ESPN Internet Ventures. All rights reserved.



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San Francisco, CA

San Francisco court clerks strike for better staffing, training

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San Francisco court clerks strike for better staffing, training


The people cheering and banging drums on the front steps of San Francisco’s Hall of Justice are usually quietly keeping the calendars and paperwork on track for the city’s courts.

Those court clerks are now hitting the picket lines, citing the need for better staffing and more training. It’s the second time the group has gone on strike since 2024, and this strike may last a lot longer than the last one.

Defense attorneys, prosecutors and judges agree that court clerks are the engines that keep the justice system running. Without them, it all grinds to a slow crawl.

“You all run this ship like the Navy,” District 9 Supervisor Jackie Fielder said to a group of city clerks.

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The strike is essentially a continuation of an averted strike that occurred in October 2025.

“We’re not asking for private jets or unicorns,” Superior Court clerk employee Ben Thompson said. “We’re just asking for effective tools with which we can do our job and training and just more of us.”

Thompson said the training is needed to bring current employees up to speed on occasional changes in laws.

Another big issue is staffing, something that clerks said has been an ongoing issue since October 2024, the last time they went on a one-day strike.

Court management issued their latest statement on Wednesday, in which the court’s executive officer, Brandon Riley, said they have been at an impasse with the union since December.

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The statement also said Riley and his team has been negotiating with the union in good faith. He pointed out the tentative agreement the union came to with the courts in October 2025, but it fell apart when union members rejected it.

California’s superior courts are all funded by the state. In 2024, Sacramento cut back on court money by $97 million statewide due to overall budget concerns.

While there have been efforts to backfill those funds, they’ve never been fully restored.

Inside court on Thursday, the clerk’s office was closed, leaving the public with lots of unanswered questions. Attorneys and bailiffs described a slightly chaotic day in court.

Arraignments were all funneled to one courtroom and most other court procedures were funneled to another one. Most of those procedures were quickly continued.

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At the civil courthouse, while workers rallied outside, a date-stamping machine was set up inside so people could stamp their own documents and place them in locked bins.

Notices were also posted at the family law clinic and small claims courts, noting limited available services while the strike is in progress.

According to a union spokesperson, there has been no date set for negotiations to resume, meaning the courthouse logjams could stretch for days, weeks or more.



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