When it comes to neighborhoods where people are looking to buy a house in San Francisco, “less attractive” takes on a different meaning. If you have been saving your money, but you still can’t make it to the millions to buy, keep on reading. Follow the L Shape:
If you want a single-family home in San Francisco, your budget more than anything else is going to determine where you can buy. You may adore the views from Pacific Heights, but without several million to play with, you’re unlikely to be able to afford a home there, even a modestly sized 2 bed, 1 bath.
Condos and tenancy-in-common (TIC) units are different: with these, buyers have options in many neighborhoods, with price more determined by size, style and amenities than by street address alone. Plus, new business concerns and luxury condo developments in places formerly considered “less attractive” to buyers have changed the demand and prices therein.
“The vast majority of these sales occur in a large swath of neighborhoods forming a giant L shape, down the west side of the city, from Outer Richmond to the border with Daly City, and then sweeping across the southern side of San Francisco to Bayview and Hunter’s Point.” Within this L shape, western and central neighborhoods generally cost more than their southerly peers, while still staying under the $1M mark. READ MORE HERE.