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September 21, 2020

Here’s Where You Can Negotiate the Best Price on a 2BR Condo

Looking to get a good price on a two-bedroom San Francisco condo? Check out a few of the 360 two-bedroom units currently on the market in San Francisco in buildings with ten or more units. These properties have been on the market for an average of 56 days, and I’m betting their owners would love to get offers from qualified buyers.

It helps to know where to look for the best deals. The neighborhoods where these condo buildings are located are Diamond Heights, Mission Dolores, Hayes Valley, Pacific Heights, Downtown/Financial District, Nob Hill, Van Ness/Civic Center, Mission, Mission Bay, SoMa/Yerba Buena, South Beach and Dogpatch/Central Waterfront.

These are the areas that have the softest condo markets in San Francisco right now—and the best opportunities to buy the ever-popular two-bedroom condo. A fair number of these listings have had price reductions since they’ve hit the market.

Many owners may also have been using these condos as income properties, and could be experiencing vacancies as renters move out of the city. So mortgage payments and HOA dues are costs such owners won’t want to carry for very long. Their alternative is to find new tenants for significantly less rent, which is probably not appealing (and may not be financially feasible).

The average citywide price for a two-bedroom condo (from August to Sept 20) is $1,425,000. If you approach your search the right way, you could land a spacious condo with in-unit laundry, parking and shared outdoor space in a central location for at or under that price point.

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