Tag Archives: millennium

SF Condo Market Sees Summer Softening

SF Condo Market Sees Summer Softening

The San Francisco condo market tends to hop into a hammock for a siesta around July and August. For buyers who aren’t on vacation and serious about snagging a new home or investment property before the big Fall push, summer can present a wonderful opportunity to avoid bidding wars and get a pretty good deal.

There are 200 condos on the market as of this writing, and almost half are looking at a days on market (DOM) count of 21 days or more. 38 of these condos are listed for under $1M, and 29 for $1.5M+. For once, the luxury market isn’t leading the market-sitter pack. Continue Reading

Condo Prices Back to 2004?

Robert Selna at The Chronicle wrote a good piece today on condo resale prices. I spoke with Robert late last week for the article (thanks for the quote!), and we both concluded that it seems like the condo market in San Francisco has hit its bottom.

I think the biggest insight you can glean from the story is the fact that condo prices seem to be where they were in 2004. So sellers, if your current list price is well above the comparative sales for a similar unit in 2004—and no buyers have stepped forward—you might want to revisit your asking price.

What’s Up With the St. Regis?

Every once in a while, multiple properties hit the market in a particular neighborhood, block or building, and it makes you wonder what’s going on. I recently noticed that there are seven condos currently available at the St. Regis (188 Minna) in the SoMa area, which is kind of a big number within one property. Continue Reading

My Millennium Tower Tour

I recently took a hardhat tour of the Millennium Tower, a luxury high rise on Mission at First Street. The building is still under construction, and none of the units are actually finished yet. Our tour mainly included viewing the penthouse and upper-level spaces, as well as a few of the units in the second, less expensive building. Move-in dates are not expected to be until May or June of 2009. Continue Reading

Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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