Yes, a two-bedroom condo is always preferable to a one bedroom. But what happens when you’re preapproved for a loan that puts you in one-bedroom territory? I thought I’d look at the pros and cons of this property type.
The average 1BR condo range citywide year-to-date (excluding below-market-rate or senior-zoned units) is roughly $880,000. The neighborhoods that most frequently have 1BR inventory are Diamond Heights, Eureka Valley, Pacific Heights, Hayes Valley, Mission Dolores, Downtown/Financial District, Nob/Russian Hills, the Van Ness corridor, Mission Bay, SoMa and South Beach. Continue Reading