SF Condo Market Report: Q2 2024
The condo market gained traction in the second quarter as sales volume got a boost and even the luxury category made a stronger showing.
SoMa/South Beach
The condo market gained traction in the second quarter as sales volume got a boost and even the luxury category made a stronger showing.
The San Francisco condo market—while not as strong as its single-family home counterpart—has been holding its own this spring.
San Francisco homes don’t typically have air conditioning. But developers and homeowners are installing AC more frequently these days.
The San Francisco condo market didn’t take any dramatic turns over the first quarter of 2024. The median price jumped up slightly, and and there were a few significant luxury market sales.
Check out the top condo sales of 2023, many of which were paid for in cash.
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.
High HOA dues combined with high interest rates are bogging down the condo market.
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 Millennium’s tilting and leaning drama is finally ending as $100M worth of foundation work wraps up. But a soft downtown condo market won’t help Millennium values recover quickly.
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.
My clients close tomorrow on a water view condo at The Infinity. They’re getting a great home—and a great deal, too.
There’s plenty of inventory and deals to be had in three of San Francisco’s most vibrant and popular neighborhoods.
Values trended up in April despite the ongoing buyer-seller condo stalemate.
Condo median price and volume leapfrogged over the previous two months of 2023—good news for San Francisco’s condo market.