Many condo buyers were priced out of San Francisco condominiums in the past. But because of the recent downturn in the economy and turmoil in the financial market, many of these condos are now becoming available to many more buyers. Short sales and discounted foreclosure on rampant in San Francisco bay area.
The prices real estate have fallen significantly in the bay area, according to one real estate information service the price have fallen as much as 6.7 percent. The average sales price of San Francisco condominiums were at $629,000 in November of 2007 but now it has declined to $375,000 down 44.4 percent.
This is causing a frenzy among buyers of condominiums that were prices out of the market in the last few years. San Francisco condos are in location where many of the areas top restaurants, bars, and entertainments are in downtown. Downtown offers unique urban living with excitement of a big city. It is much better than renting an apartment, which was better options when the prices were high, but with decline of prices it is making it more affordable for those with cash.
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 also are a good investment for those who are interested in real estate in one of the top areas in California. Of course California offers great weather all around and San Francisco also offer many places to visit.
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.
The prices real estate have fallen significantly in the bay area, according to one real estate information service the price have fallen as much as 6.7 percent. The average sales price of San Francisco condominiums were at $629,000 in November of 2007 but now it has declined to $375,000 down 44.4 percent.
This is causing a frenzy among buyers of condominiums that were prices out of the market in the last few years. San Francisco condos are in location where many of the areas top restaurants, bars, and entertainments are in downtown. Downtown offers unique urban living with excitement of a big city. It is much better than renting an apartment, which was better options when the prices were high, but with decline of prices it is making it more affordable for those with cash.
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 also are a good investment for those who are interested in real estate in one of the top areas in California. Of course California offers great weather all around and San Francisco also offer many places to visit.
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 purchasing San Francisco condominiums, please review San Francisco Condominiums, and San Francisco Condominiums
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