Skip to main content
  1. News
  2. Business & Finance
  3. Personal Finance

Condo sales up, TICs down

See also

Recent research by Paragon Real Estate reveals that condo sales in the city now outnumber house sales. This trend will only get stronger as new condo developments are built – and most striking among those projects are the series of mid-rise buildings lining Market between Gough and Noe. With very few houses built new in San Francisco, they generally simply replace older homes.

Paragon has found that there has been a decline in sales for TICs and 2-to-4-unit buildings. This is happening for a variety of reasons, including financing issues and complex tenants’ rights and eviction issues.

Thus, existing TICs are still a hot item, but fewer buildings are converting to TIC units. Two-to-four-unit buildings, when available, are still a desirable commodity for the investor market.

See the link above or the graph accompanying this story for more information.

Dreaming of San Francisco? Cece Blase offers local advice to San Francisco buyers, sellers and owners-- and feeds the dreams of those who wish they could live in Tony Bennett's 'City by the Bay.' Call 415-577-0809 or email cblase@paragon-re.com. www.ceceblase.com

Advertisement

News

  • Gaza school shelled
    Israeli airstrikes topple a school in Gaza suspected of housing rockets; dozens killed
    Video
    Video
  • Ebola outbreak
    An American with Ebola virus died shortly after boarding three planes
    World News
  • Why dogs smell butts
    Researchers figure out why dogs like to smell each other's butts
    Pets
  • Time to stop tanning
    The surgeon general advises us not to tan as melanoma cases are on the rise
    Health News
  • Zimmerman lands dream job
    George Zimmerman lands his dream job as a security guard at a gun/motorcycle shop
    Headlines
  • 10 smartest states
    Here are the 10 most educated states in the U.S., did yours make the cut?
    US News