If you have been thinking about buying a pied-á-terre in San Francisco, now is the time! According to the Multiple Listing Service (which tracks properties for sale and that have been sold) there has been a decline of 8 to 10 percent in the median price of condos between the 4th quarters of 2019 and 2020.
I recently represented a couple who lives on the Peninsula and they were hoping to buy a condo in the city. What they didn’t realize is that they could buy a two-bedroom condo in Pacific Heights with a view for well within their budget and they found the perfect place on Jackson Street. We made an offer of $1.2 million, $59,000 off the list price. The savvy seller accepted it, realizing the market had gone down for condos (even those with nice finishes and views).
The buyers, Michelle and Tony, were so happy with their purchase that they “Yelped” me.
“Carol came to us highly recommended by another agent and she fully exceeded our expectations. She is an expert on the San Francisco market and was a trusted guide throughout the entire buying process. She had great suggestions about putting together a strong offer within our budget. We were very grateful for her diligence and attention to detail when reviewing documents and responsiveness in keeping us updated throughout the inspection and repair process. We are thrilled with our new home and so thankful that we worked with Carol, and would not hesitate to recommend her to anyone who is looking for a top-notch agent.”
I have the perfect pied-á-terre on the market right now!
If you are looking to buy a pied á terre or even to buy your first place, this is the time to do it in the city. Give me a call and I’ll be happy to help!