Buying San Francisco Condominiums
Median sales prices have fallen for San Francisco condominiums because of short sales and discounted foreclosures in recent month that were previously out of reach for many new condo buyers. The market has been in turmoil since end of 2007.
According to real estate information services, the bay area condos have fallen in price by as much as 6.7 percent to average sales price of $375,000 in late 2008. It is down almost 44.4 percent from November 2007 when the price was highest at $629,000. You can see why these condos are affordable now as before many were priced out of the market.
For the last couple years many potential buyers were sitting on sideline as the prices were at all time for last few years. Many top restaurants, bars, and entertainment in downtown offer excitement and fun for those who enjoy little adventure. It is much better than renting and apartment, in the past were better options, but with lower prices it is making it more within reach for those who have down payment money and good credit.
San Francisco condominiums can have price range anywhere from $400,000 to over $1,000,000, where in recent years have seen new condo developments in areas like Sea Cliff, St Francis Wood, and Sunset.
These condos are also an good investment opportunities for those who are interested in real estate in top areas of California. San Francisco offer great weather all year around and offer many places to visit within short distance like Lake Tahoe.
Luxury high rise San Francisco condos market has not taken much a hit. These luxurious high priced condominiums that are in south of the Market area are still in high demands. Even with the recession, luxury condominiums and penthouses have been selling, majority of them being in upper part of the building. These have been increasing in value anywhere from 15 to 20 percent with strong demands. Because of proximity to work many executives have preferred these condos.
According to real estate information services, the bay area condos have fallen in price by as much as 6.7 percent to average sales price of $375,000 in late 2008. It is down almost 44.4 percent from November 2007 when the price was highest at $629,000. You can see why these condos are affordable now as before many were priced out of the market.
For the last couple years many potential buyers were sitting on sideline as the prices were at all time for last few years. Many top restaurants, bars, and entertainment in downtown offer excitement and fun for those who enjoy little adventure. It is much better than renting and apartment, in the past were better options, but with lower prices it is making it more within reach for those who have down payment money and good credit.
San Francisco condominiums can have price range anywhere from $400,000 to over $1,000,000, where in recent years have seen new condo developments in areas like Sea Cliff, St Francis Wood, and Sunset.
These condos are also an good investment opportunities for those who are interested in real estate in top areas of California. San Francisco offer great weather all year around and offer many places to visit within short distance like Lake Tahoe.
Luxury high rise San Francisco condos market has not taken much a hit. These luxurious high priced condominiums that are in south of the Market area are still in high demands. Even with the recession, luxury condominiums and penthouses have been selling, majority of them being in upper part of the building. These have been increasing in value anywhere from 15 to 20 percent with strong demands. Because of proximity to work many executives have preferred these condos.
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When buying San Francisco condominiums, please review San Francisco Condominiums, and San Francisco Condominiums
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