In a recent edition of the San Francisco Business Times J.K. Dineen wrote an article about the condo market in the city. Unfortunately, I cannot insert a link to the article. However, for prospective buyers interested in the condo market, I recommend the article.
Dineen wrote "More than 2,500 new condominiums across the city will be move-in ready this year. On Rincon Hill some 700 new homeowners will take occupancy in the Infinity and One Rincon Hill. In Mission Bay', Intracorp's green Arterra will take root, and the first phase of Nat Bosa's Radiance should open. On the other side of Market Street will be the Hayes, Symphony Towers and the Argenta." Dineen further wrote that "industry observers will be watching closely for defectors. What percentage of buyers will walk away from the 3% deposit put down when the unit went into contract?" I recommend the article.
Check back in the next few weeks. My colleagues and I will be writing about sales in specific buildings, incentives offered in selected buildings, and new sales offices opening. I also suggest for your reading pleasure an earlier post by my colleague, Virginia Thackwell. in which she cited reasons for engaging a buyer's agent to represent in the purchase of a home in a new development.
Sam Vitkoski
SoMa Specialist
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