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Market
What will be the impact of the Stonestown Galleria development on San Francisco's housing market by the end of 2025?
1
Resolution / Starting Odds
Significant decline in prices • 25%
Moderate decline in prices • 25%
No significant change • 25%
Increase in prices • 25%
Reports from the San Francisco City Controller or other official housing market reports
Story
San Francisco Approves Largest West Side Residential Development with 3,500 Homes
Jul 17, 2024, 12:44 AM
The plan to convert the Stonestown Galleria from a shopping center to an urban neighborhood received its final approvals at the Board of Supervisors on Tuesday. This development will include 3,500 walkable new homes, retail, and open space, making it the largest residential development on San Francisco’s west side in more than 50 years. A City Controller’s report found that if these homes are built, housing prices will decline in San Francisco. The project aims to make San Francisco more affordable and accessible, with the new homes located next to Muni.
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Significant price drop • 33%
Stable prices • 34%
Significant price increase • 33%
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Decrease in vacancy rates • 25%
No significant change • 25%
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Significant decrease in housing costs • 25%
Moderate decrease in housing costs • 25%
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Increase in housing costs • 25%
Elon Musk • 25%
Mark Zuckerberg • 25%
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Significant decrease • 25%
Moderate decrease • 25%
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Increase • 25%
Significant Decrease (>5%) • 25%
Moderate Decrease (1-5%) • 25%
No Significant Change • 25%
Increase • 25%
Yes • 50%
No • 50%
Significant decrease in property prices • 25%
Moderate decrease in property prices • 25%
No significant change in property prices • 25%
Increase in property prices • 25%
Increase in business revenue • 25%
Decrease in business revenue • 25%
No significant change • 25%
Mixed impact • 25%
$70M - $80M • 25%
$80M - $90M • 25%
$90M - $100M • 25%
Over $100M • 25%
Yes • 50%
No • 50%