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April 27, 2010

Attack of the $1M+ Condos

Is it just me, or are there an awful lot of luxury condos on the market right now?

There are currently 143 condos available in the $1M+ price range, according to the San Francisco Association of Realtors (SFAR) MLS. And of these, 66 are in the $1M-$1.3M range. A total of 27 condos are priced from $2M-$7,350,000.

SoMa and South Beach have the bulk of the inventory, with a whopping 50 condos in the $1M+ range. If you’re a seller in this category, it might be time to revisit your pricing and competition. And buyers, work those negotiations; it’s definitely your market in these neighborhoods.

And that most expensive, $7,350,000 condo? The 3BR penthouse at The Infinity.

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