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Market
Will housing prices in San Francisco decline by the end of 2025 due to the new development?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
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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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Significant price drop • 33%
Stable prices • 34%
Significant price increase • 33%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Significant Decrease (>5%) • 25%
Moderate Decrease (1-5%) • 25%
No Significant Change • 25%
Increase • 25%
$70M - $80M • 25%
$80M - $90M • 25%
$90M - $100M • 25%
Over $100M • 25%
Elon Musk • 25%
Mark Zuckerberg • 25%
Larry Page • 25%
Other • 25%
Significant decrease • 25%
Moderate decrease • 25%
No change • 25%
Increase • 25%
Yes • 50%
No • 50%
Increase in vacancy rates • 25%
Decrease in vacancy rates • 25%
No significant change • 25%
Other outcome • 25%