When purchasing a San Francisco Condominiums
Median sales prices have fallen for San Francisco condominiums because of short sales and discounted foreclosures in recent month that were previously out of reach for many new condo buyers. The market has been in turmoil since end of 2007.
According to one real estate information service, the bay area condominiums have fallen by as much as 6.7 percent to median price of $375,000 in late 2008 and it is down 44.4 percent from November 2007 highs with median price of homes sales at $629,000.
This represents a buying opportunities for those who have been priced out of the market in last couple of years. San Francisco condominiums are in location where it is close to many top restaurant, bars, and entertainment in downtown San Francisco and offers a unique living space for those who want an urban living with excitements. It is better than renting an apartment, which was better option, but with decline of prices, it is making it affordable for those who have cash.
San Francisco condominiums can have price range anywhere from $400,000 to over $1,000,000, where in recent years have seen new condo developments in areas like Sea Cliff, St Francis Wood, and Sunset.
Because of good weather all year around and many local places to visit like Lake Tahoe, it makes these condos more desirable and are good investments.
Luxury high rise San Francisco condos market has not taken much a hit. These luxurious high priced condominiums that are in south of the Market area are still in high demands. Even with the recession, luxury condominiums and penthouses have been selling, majority of them being in upper part of the building. These have been increasing in value anywhere from 15 to 20 percent with strong demands. Because of proximity to work many executives have preferred these condos.
According to one real estate information service, the bay area condominiums have fallen by as much as 6.7 percent to median price of $375,000 in late 2008 and it is down 44.4 percent from November 2007 highs with median price of homes sales at $629,000.
This represents a buying opportunities for those who have been priced out of the market in last couple of years. San Francisco condominiums are in location where it is close to many top restaurant, bars, and entertainment in downtown San Francisco and offers a unique living space for those who want an urban living with excitements. It is better than renting an apartment, which was better option, but with decline of prices, it is making it affordable for those who have cash.
San Francisco condominiums can have price range anywhere from $400,000 to over $1,000,000, where in recent years have seen new condo developments in areas like Sea Cliff, St Francis Wood, and Sunset.
Because of good weather all year around and many local places to visit like Lake Tahoe, it makes these condos more desirable and are good investments.
Luxury high rise San Francisco condos market has not taken much a hit. These luxurious high priced condominiums that are in south of the Market area are still in high demands. Even with the recession, luxury condominiums and penthouses have been selling, majority of them being in upper part of the building. These have been increasing in value anywhere from 15 to 20 percent with strong demands. Because of proximity to work many executives have preferred these condos.
About the Author:
When purchasing San Francisco condominiums, please review San Francisco Condominiums, and San Francisco Condominiums
posted by Credit Counseling at
3:07 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home