The Market is very active in San Francisco

The demand for condos in San Francisco has been strong throughout January and February, but new construction is shrinking! The market has been very active.  According to sales office data collected by the Mark Company,  80 condos were placed under contract or sold in January, a 70% increase over December, and a 344%  increase year over year.  Pricing is up 6% compared to this time last year. Inventory is down 34% . Many of San Francisco’s most illustrious towers are on their way to being completely sold out. Lumina has sold 95% of its homes and The Harrison has only half of its units left. 75% of One Mission Bay is gone.  But new buildings are on the horizen.  There are opportunities to purchase at 815 Tennessee and  Stage 1075 is gearing up for their grand opening. A new construction in Jackson Square, called 288 Pacific is not officially open to the public yet, however I can get clients in early to see the residences and reserve a unit.  If you are considering purchasing a new home, please do not hesitate to contact me!

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