For as long as I can remember in my 15+ year real estate career in San Francisco, the selling pattern here has always been about listing low and selling for way more.
But there are some property types and neighborhoods where most homes are selling for list price—or below.
Right now, you can expect to pay the asking price or less for condos in larger (20+ units) buildings in the Financial District, Downtown, Van Ness/Civic Center, South of Market, South Beach and Mission Bay.
You have your pick of new construction projects like The Austin, Lumina, 1238 Sutter, One Mission Bay and The Harrison, which are selling now. There are also the tried-and-true buildings like The Brannan and Infinity, as well as a myriad of mid- to high-rise buildings that offer nice amenities and parking. (These “older” buildings tend to offer parking for most units, which isn’t always the case in new construction projects.)
The added perk? You’ll experience less buyer competition and won’t have to agonize over how much more than the list price you’ll have to offer—especially in the $1,000,000M+ category. Give me a shout if you’d like to talk about the options in your price range (ebermingham@zephyrsf.com | 415.823.4656).