Residential properties have been going into contract in limited numbers since San Francisco’s shelter-in-place (SIP) order took effect on March 17th.
Just over 100 single-family homes, condos, TICs and two- to four-unit buildings have earned the “active contingent” or “pending” status in the MLS—actually quite impressive, given the virus outbreak and its far-reaching economic effects.
But high-end buyers are nowhere to be found. Though there is a newly contingent four-unit income property in Bernal Heights listed for $3,250,000, all the other properties top out in the $2.5M list price range. Continue Reading