What’s Hot District by District in SF Real Estate
Despite the fact that SF house and condo sales are slow this summer (with condo inventory very high and condo sales really down), there are areas catching fire in new sales.
Check out the chart below which depicts each SF district by percentage of MLS listing going into contract in the second quarter of 2016. Looks like the Sunset district (D2 on the chart) is really burning up the sales now with 124 houses sold.
The frostiest area is the city’s largest condo market by sales: District 9 (includes Bernal Heights, the Central Waterfront / Dogpatch, Inner Mission, Mission Bay, Potrero Hill, South Beach, and South of Market (SoMa)). Yet despite having the most condo sales the district overall is the coolest by % of listing accepting offers. And new condo projects are being built up there. On the hotter side for D9, the house sales there were the second highest in the city.
Sales of TIC units have dropped 50% year over year and they are the weakest property segment in this chart.