If you’re searching for a home to buy, you may have noticed that there’s plenty of inventory in the condo market. While almost every single-family home that comes on the market slams into contract within a week or two with multiple offers, that isn’t really the case with condos. Many are selling for at or even below asking, and buyers aren’t typically paying 20% or more above the list price.
There are 341 condos available at the moment, with an average price-per-square-foot list price of $1,140. But interestingly, more than half of these units have been on the market for 21 days or more. (By San Francisco real estate standards, that amount of time hints at a property that’s sitting on the market.) Continue Reading