State of the 3+ Unit TIC Market: March 2024
Covid and higher loan interest rates have softened the TIC market. But buyers are purchasing TICs in desirable locations and getting more for their money than they would for a condo.
Russian/Telegraph Hills
Covid and higher loan interest rates have softened the TIC market. But buyers are purchasing TICs in desirable locations and getting more for their money than they would for a condo.
Many houses and condos have sold off market since the start of 2024. Here’s a look at what’s been going on.
We are officially in the holiday home stretch for 2023. Here’s a breakdown of what’s available in the house, condo and TIC markets.
We saw YOY median price and volume declines, but some buyers bucked the trend and really went for it when it came to spacious, updated flats in older buildings.
The tenancy-in-common (TIC) market continues to represent a small slice of properties sold in San Francisco. But TICs can put buyers on a path to get more space in a better location than a condo will allow.
We saw year-over-year (YOY) drops in volume and median price in September, but the luxury market came to life with a $17.5M penthouse closing after almost 500 days on the market.
We’re still seeing lots of condo inventory in San Francisco, and I’m hoping buyers take advantage of the recently lower interest rates to purchase some of the available units.
The San Francisco condo market is still sluggish, with way more units on the market than there are in contract. The good news, however, is that buyers don’t appear to be giving up on purchasing condos in the city.
Condo median price and volume leapfrogged over the previous two months of 2023—good news for San Francisco’s condo market.
We are officially in the holiday home stretch for 2022. Here’s a breakdown of what’s available in the house, condo and TIC markets.
July saw a low condo absorption rate, but a higher year-over-year average price.
A two-bedroom condo is ideal, but don’t overlook the value of a one-bedroom.
San Francisco’s single-family home market is extremely competitive. Inventory is perennially limited and there are always way more buyers than there are homes for them….
We are officially in the holiday home stretch for 2021, and that means buyers and sellers should be prepared to do some heavy negotiating if anyone wants to wrap things up by the end of the year. Here’s a breakdown of what’s available in the house, condo and TIC markets.
Savvy buyers know to leave some room to overbid. In that spirit, here are three homes I recommend considering if you can afford up to $2M.