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.
This represents a buying opportunities for those who have been priced out of the market in last couple of years. San Francisco condominiums are in location where it is close to many top restaurant, bars, and entertainment in downtown San Francisco and offers a unique living space for those who want an urban living with excitements. It is better than renting an apartment, which was better option, but with decline of prices, it is making it affordable for those who have 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.
One of the bright side is high rise San Francisco condominiums is luxury high priced condominiums that are on the south of Market area. Even with down economy penthouses and luxury condominiums are selling with out any problems, especially those on the upper part of the builders, where prices are continuing to climbing 15 to 20 percent with strong demands. Because of proximity to their jobs many executives are buying up these condos. - 20896
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.
This represents a buying opportunities for those who have been priced out of the market in last couple of years. San Francisco condominiums are in location where it is close to many top restaurant, bars, and entertainment in downtown San Francisco and offers a unique living space for those who want an urban living with excitements. It is better than renting an apartment, which was better option, but with decline of prices, it is making it affordable for those who have 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.
One of the bright side is high rise San Francisco condominiums is luxury high priced condominiums that are on the south of Market area. Even with down economy penthouses and luxury condominiums are selling with out any problems, especially those on the upper part of the builders, where prices are continuing to climbing 15 to 20 percent with strong demands. Because of proximity to their jobs many executives are buying up these condos. - 20896
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When purchasing San Francisco condominiums, please review San Francisco Condominiums, and San Francisco Condominiums
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