Quarterly New
Development Report

With most of the restrictions lifted and the general population in San Francisco vaccinated, business, travel, and leisure witnessed a surge as residents returned to pre-pandemic activities in Q2 2021. With low inventory for single-family homes and buyer demand back into the core urban living downtown, Q2 fundamentals showed an upward momentum for the condo sector. Coupled with low-interest rates, a transition of renters to buyers, second homes purchases, and homeowners looking to cash out, upgrade existing space, or location.

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