The 2021 Fall real estate market in San Francisco is officially underway. There are presently 337 single-family homes, 701 condos and 74 TIC interests currently available, with more inventory on the way.
Single-family homes under $3M are going into contract quickly, but there’s a glut of condos sitting on the market. In fact, more than half have been out there for 21 days or more. And I’m seeing some good deals out there for buyers. If you’re a buyer aiming to purchase a property before the end of 2021, make sure you don’t bypass the market sitters that may have gotten lost in the shuffle, are slightly overpriced, or have some sort of objection that you might be able to live with at the right price.
For example, I think 74 Brady #6 is a great deal for a buyer seeking a large loft convenient to public transit, freeways and Hayes Valley restaurants and retail. The tri-level, 2BR/2.5BA clocks in at more than 1600 square feet and has in-unit laundry, parking and storage. They started out at $1,395,000 back in May and the current list price is now $1,125,000.