San Francisco's housing market is red-hot, but not every segment is created equal.
Arrian recently told the San Francisco Business Times, "The market is asking who is bidding on a one-of-one versus a one-of-many, and pricing each accordingly. We've seen this dynamic before, but in today's environment, it feels much more pronounced."
Homes with vintage character and single-family stock in prime neighborhoods are clearing in under 12 days, while tower and mid-rise condos sit 30+ days as rising HOA fees and elevated rates push financed buyers to the sidelines. The same buyer paying 125% over ask for a 1908 Edwardian in Pac Heights won't necessarily pay list for a 2007 tower condo two miles away.
Read the full article HERE for a deeper look.
