San Francisco market has been farely insulated from the financial turbulance in recent months. Inventory is extremely low that multiple offers are very common. Most newer buildings in financial district, Northbeach, and even Van Ness can be sold within 20 days after being listed. The price have gone up easily 10% from 2009. 500K can only get you a studio unit with no parking at One Hawthorne, or if you don't mind to compete with multiple buyers, that will buy you a 850 sf one bedroom in Civic Center/ Van Ness Area. What will dictate the market trend will be the financing and how the foreclosed properties will be handled by the banks. As far as I can see, the financing has been loosened up a bit in the forth quater of 2011. This certainly create more buying opportunities and drive up demand.
Company: Vanguard Properties
Phone: 925-212-8500
Email: morgan at vanguardsf dot com
