For the past few months, there have been hardly any new condos for sale on the San Francisco market. With inventory so low, prices have surged, hitting $1,030 per square in the most recent analysis by The Mark Company, which examines the market for newly constructed condos each month. That crunch may finally start to ease slightly as a wave of new developments starts to sell over the next few months. The sales office for Vida on Mission Street opened last month, bringing 114 new units onto the market. It is just the first of many new developments about to hit the market. One of the largest is the San Francisco Shipyard and Candlestick Point, a 775-acre development that will launch sales this summer.
There are also 276 condos coming at Arden by Bosa in Mission Bay, 27 units at Amero in Cow Hollow, 47 new homes at 8 Octavia in Hayes Valley, 26 units at 870 Harrison in SoMa, 39 condos at Millwheel North in the Dogpatch, and 33 condos at 35 Dolores. These numbers are in contrast to the past few months, when almost no new projects have debuted. However, with demand still at sky-high levels, even all these new developments may not be enough to have a real impact on the condo crunch.
· March Trend Sheet [The Mark Company]
· Vida Sales Office Open and Selling on Mission Street [Curbed SF]
· 267 Condos About to Debut at Mission Bay's Arden by Bosa [Curbed SF]
· Cow Hollow's Amero Debuts Renderings, Floor Plans [Curbed SF]
· 8 Octavia Coverage [Curbed SF]