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San Francisco Luxury Condo Market Early Autumn Update
The San Francisco luxury condo market is shaping up for a record-breaking month of new listing activity. According to Paragon Real Estate, by mid-month, 49 new luxury condo, co-op and TIC listings hit the SF market since the beginning of September.
That follows June’s new high in sales volume, and feverish spring real estate markets around the Bay Area. Though the more affordable segments were most frenzied, home markets were somewhat hotter than condo markets.
The biggest shift in the luxury condo market has been the dramatic year-over-year drop in sales in the greater South Beach-SoMa district, even as listing inventory there hit new highs. Paragon notes, virtually every market indicator – months supply of inventory, average days on market, and others – indicate it is the softest luxury condo market in the city. It is also the area where many large, new projects continue to come on market, which Paragon surmises is almost certainly cannibalizing MLS sales as they aggressively compete with the resale market.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Economy
- ◦Sale/Acquisition


