Some of San Francisco's most recent condo developments still have large swaths of unsold units after sales failed to tick up during the third quarter — a time when inventory and sales expectations rise each year.
Meanwhile, a mere 13 of the 146 units at the Four Seasons Private Residences, 706 Mission St., have sold, according to a third-quarter condo report from Compass Development Marketing Group. City records show the last new deed dates to June 1, indicating that no sales closed in the third quarter.
"This is indicative that despite a slowdown there is still demand in the market, this is especially true of condo units that are well priced," she said."We had several agents last month sell condos in the city for over the asking price in less than 20 days.” Rosdail said that many condos are even struggling to sell below 2018 levels and that there's about six months of inventory on the market right now in the city."I think it's a good time to get a deal on a condo," she said."The question is when can they afford to do it?" noting that interest rates are set to go up again."People say marry the house and date the rate," she said."Maybe have a medium-term engagement with the rate.
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