The San Francisco real estate market is experiencing fluctuations with condos being sold at discounted prices. A condo purchased for $880k in 2019 is now listed for $538k. Building owners are offering discounted prices to tenants on premier real estate. Yerba Buena Island in San Francisco Bay has a new condo development with homes starting at $700k for a studio and $4M+ for a townhome. Another condo in downtown Bay Area, originally sold for $550k in 2006, is now listed for $430k in 2024 with a high HOA fee of $835 per month.
The condo market is getting hit hard in a number of downtown Bay Area locations. This one... 2006 - sold for $550k 2016 - sold 10 years later for $550k 2024 - Listed for $430k Doesn't help that the HOA is $835 per month https://t.co/iIH2IAwcPx
In the middle of the San Francisco Bay sits Yerba Buena Island. Growing up, there was NOTHING there. Now, there's a new condo development with 266 homes. 10 minutes on a ferry or a 1 mile drive to downtown SF. Starting at $700k for a studio. $4M+ for a townhome. https://t.co/abHXOgeFBk
At San Francisco's famed California Street, a new wave of building owners are acquiring premier real estate at a discounted price and passing savings onto tenants who otherwise would have been priced out. https://t.co/EtgDTnH0c7
Condo for sale in downtown San Francisco Purchased in 2019 for $880k Now listed for $538k https://t.co/GW4gBQqBok
This San Francisco office tower was empty when it sold at a discount last year. Now, it’s filling up with eight new leases since fall. https://t.co/2a5hBO2TRb