Posts Tagged ‘1450 franklin’

Updated: New Condo Developments in San Francisco

 

 

 

 

For more information on any of the new condominium developments now selling or under construction, please contact me.

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Meredith Martin is a Broker Associate at Paragon Real Estate Group and can be reached at Meredith@OpeningDoors.me

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San Francisco Market Overview: August 2015

 

It’s been an uncommonly busy summer for real estate in the Bay Area. In fact, more single-family homes sold in the region last month than in any July since the housing bust! Even with median prices for homes and condos alike in San Francisco exceeding $1,000,000 for the 6th consecutive month and inventory at its lowest since January, the number of property sales recently has kept on pace with the spring months.

Even with prices in the area at record highs, there’s opportunity to buy within the six-figure range. Almost 100 sub-million dollar condos have traded hands this year in the Noe Valley / Cole Valley / Corona Heights area alone. This past week, two properties have come on the market with list prices under $500,000: a Victorian TIC in the heart of the Mission, and a Downtown studio condo. Not only may properties like these be great investment opportunities, but shelter from the city’s rent explosion as well.

Right around the corner, Labor Day Weekend marks the beginning of the last big market push before the end of the year. Historically, we see inventory spike in September, and I’m seeing many properties getting prepped right now for the open market. Employment in San Francisco is at a record high, and an interest rate hike is looming on the horizon — all things considered, it could be the perfect storm for a frenzied Q4.

In every market there are always ‘deals’. You just have to know where to look, how to win them and be prepared to act.

 

PS: Here’s a first look at the 67 new condos at the corner of Franklin and Bush, expected to begin selling this winter. Additional information: 1450FranklinSF.com

 

 

Meredith Martin is a Broker Associate at Paragon Real Estate Group and can be reached at Meredith@OpeningDoors.me

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