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ClockTower sold ten lofts this year after selling three in all of 2025, eight of them one-bedrooms at a median of $790,000
Every 2026 closing at ClockTower, the 1907 printing works on Second Street converted to lofts, against the record since 2020
Ten closings at 461 2nd Street through October 15, against one in the 2025 window. Median price per square foot is $984 against the building's 2022 high of $1,003. Median days on market is 48. The one paired resale, a 2020 purchase, came back 22.7 percent higher.
ClockTower went from almost no sales to ten. Ten lofts closed at 461 2nd Street between January 1 and October 15, against one in the same window of 2025, three for all of last year and two for all of 2024; $9.5 million of volume against $1.5 million. The record here only begins in 2020 and holds 35 closings, so the building's medians rest on small numbers in every year but this one.
The per-foot figure is close to the building's best. The year-to-date median is $984 a square foot; the high, on eight closings in 2022, was $1,003, so this year sits 1.9 percent under it. Eight of the ten sales were one-bedrooms at a median of $790,000 and $988 a foot, which is why the median sale price, $790,000, is the lowest in the record — the building sold its smaller lofts this year. The one two-bedroom, #T558 at 1,788 square feet, closed at $1,275,000 after 52 days.
The high sale is #C307, 1,574 square feet, at $1,700,000 on a county-recorded transfer in April. #461T, a 1,789-square-foot loft, closed in January at $1,350,000 after 79 days; its prior sale was $1,100,000 in July 2020, up 22.7 percent, and it is the only paired resale on record this year.
This is not a fast building. Median days on market is 48, and none of the eight listed sales went into contract inside two weeks. The low sale was #355T, a 676-square-foot one-bedroom, at $665,000.
2026 so far, against the same window in 2025
Closings at ClockTower between January 1 and October 15, 2026, set against January 1 to October 15, 2025. Days on market is median days from listing to contract on MLS-listed sales; "under 15 days" counts how many of those went into contract inside two weeks.
| Measure | 2025 (same window) | 2026 year to date |
|---|---|---|
| Closings | 1 | 10 |
| Dollar volume | $1,520,000 | $9,530,000 |
| Median sale price | $1,520,000 | $790,000 |
| Median $/sq ft | $823 | $984 |
| Median days on market | 41 | 48 |
| Under 15 days (of MLS sales) | 0 of 1 | 0 of 8 |
Year by year
Every recorded closing at ClockTower since January 2020, by calendar year. 2026 runs through October 15, 2026. Days on market is available for MLS-listed sales from 2020 onward.
| Year | Closings | Median price | Median $/sq ft | Median days | High sale |
|---|---|---|---|---|---|
| 2020 | 7 | $1,100,000 | $822 | 35 | $4,850,000 |
| 2021 | 3 | $1,205,000 | $897 | 12 | $1,455,000 |
| 2022 | 8 | $1,007,500 | $1,003 | 39 | $1,395,000 |
| 2023 | 2 | $1,322,500 | $1,021 | 16 | $2,070,000 |
| 2024 | 2 | $1,500,000 | $890 | 10 | $1,875,000 |
| 2025 | 3 | $1,140,000 | $792 | 60 | $1,520,000 |
| 2026 | 10 | $790,000 | $984 | 48 | $1,700,000 |
The building's highest median price per square foot in any year with five or more closings was $1,003 in 2022 (8 closings). 2026 year to date stands at $984.
By bedroom count, 2025 against 2026
| Beds | 2025 closings | 2025 median | 2025 $/sq ft | 2026 closings | 2026 median | 2026 $/sq ft |
|---|---|---|---|---|---|---|
| Not stated | 1 | $1,140,000 | — | 1 | $675,000 | — |
| 1 bed | 1 | $1,140,000 | $760 | 8 | $790,000 | $988 |
| 2 bed | 1 | $1,520,000 | $823 | 1 | $1,275,000 | $713 |
Every closing in 2026
All 10 closings through October 15, 2026, highest price first. Square footage and days on market are as recorded on the MLS; county-recorded transfers that never listed show no days.
| Unit | Bd | Sq ft | Sold | $/sq ft | Days | Closed |
|---|---|---|---|---|---|---|
| 461 2Nd Street #C307 | 1 | 1,574 | $1,700,000 | $1,080 | — | Apr 23 |
| 461 2nd Street, #461T | 1 | 1,789 | $1,350,000 | $755 | 79 | Jan 28 |
| 461 2nd Street, #T558 | 2 | 1,788 | $1,275,000 | $713 | 52 | Apr 24 |
| 461 2nd Street, #110C | 1 | 881 | $875,000 | $993 | 59 | Jan 22 |
| 461 2nd Street, #234C | 1 | 829 | $830,000 | $1,001 | 28 | Mar 31 |
| 461 2nd Street, #228C | 1 | 1,079 | $750,000 | $695 | 28 | Apr 07 |
| 461 2nd Street, #109C | 1 | 647 | $735,000 | $1,136 | 76 | Jul 29 |
| 461 2nd St #C106 | — | — | $675,000 | — | — | May 29 |
| 461 2nd Street, #106C | 1 | 739 | $675,000 | $913 | 37 | Jun 03 |
| 461 2nd Street, #355T | 1 | 676 | $665,000 | $984 | 43 | Apr 30 |
Paired resales
Units that closed in 2026 and had a prior recorded sale in the same building. The change is gross, before any improvements, fees or carrying costs.
| Unit | Prior sale | Prior price | 2026 sale | 2026 price | Change |
|---|---|---|---|---|---|
| 461 2nd Street, #461T | Jul 2020 | $1,100,000 | Jan 2026 | $1,350,000 | +22.7% |
1 of these resold above the prior price, 0 below.
Second and Bryant
ClockTower stands at Second and Bryant, a block from the Bay Bridge approach. Brannan Street, one block south, took three of the six leases over 100,000 square feet that CBRE counted citywide in Q3 2026 — Brex at 270 Brannan, Cognition's 182,000-square-foot sublease at 333 Brannan, Airbnb at 850 Brannan (SF Examiner). Anthropic's Howard Street buildings are four blocks north (The Real Deal). CBRE put SoMa asking rents at $82.57 a foot in Q3, up 31.7 percent on the year (SF Examiner).
The timetable that every South of Market building now sits inside is the public-offering calendar. Anthropic filed a confidential draft registration with the SEC on June 1, 2026, a week after a funding round that set its valuation at $965 billion (TechCrunch). As of this week the Standard reports the Anthropic listing has been pushed to November, after the midterms, that OpenAI's has moved to 2027, and that Anthropic is weighing a lockup longer than the usual six months (SF Standard). The same piece carries a Redfin estimate that current and former OpenAI and Anthropic employees could in theory buy close to a third of the metro area's homes with their proceeds, and the counter-argument from UC Berkeley's Enrico Moretti and the Bay Area Council's Jeff Bellisario that the money is concentrated in fewer hands than past booms and that these firms create fewer jobs per dollar because so much goes to data centers rather than headcount. The record in this report ends on October 15. None of it reflects a single share that has been sold.
Two citywide facts frame every building figure here. First, the office recovery is lopsided: CBRE put Q3 2026 vacancy at 27.7 percent citywide, down 6.6 points in a year, but Avison Young splits that into roughly 12 percent for Class A and north of 31 percent for Class B, and a Presidio Bay executive told Bisnow the headline number is misleading for that reason (Bisnow). Second, the condo market is still digging out: the Chronicle's May analysis found that only eight Bay Area ZIP codes showed inflation-adjusted condo gains over the year, all of them in San Francisco, and that Noe Valley's typical condo remained close to $400,000 below its 2019 level in real terms (SF Chronicle).
How this was counted
Two records feed this review. The MLS layer is one row per listing and carries days on market and square footage. The county layer reaches back further and catches transfers that never listed, but records the same closing once per data source, so the two were merged on unit, date and price and each closing kept once. Below-market-rate units and transfers under $300,000 are listed but excluded from every median. "Same window" means January 1 to October 15 of each year. Nothing here is a valuation of any unit, and nothing here is advice.
Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272
- https://www.sfexaminer.com/news/the-city/sfs-high-office-vacancy-rate-drops-again-as-ai-fueled-recovery-shows-legs/article_14d60cc1-a6dc-4228-9a44-b5b8c4d36b8c.html
- https://therealdeal.com/san-francisco/2026/04/07/anthropic-signs-another-san-francisco-office-lease/
- https://techcrunch.com/2026/06/01/anthropic-files-to-go-public/
- https://sfstandard.com/pacific-standard-time/2026/10/14/pst-anthropic-openai-ipos-sf-wealth/
- https://www.bisnow.com/news/san-francisco/office/ai-surge-driving-sf-office-market-leasing-to-strong-totals-in-decades
- https://finance.yahoo.com/markets/stocks/articles/bay-area-condo-values-still-120000717.html
- ClockTower · 461 2nd St · South Beach
Tim McMullen, CA DRE #02016832. Real estate services provided by Tim McMullen, Broker, CA DRE #02016832. Figures are from recorded sales; nothing here is an opinion of the value of any home.