Real Estate Market Gets Hot!

  Real Estate Market Gets Hot!

It’s the second quarter of 2012 and the percentage of listings accepting offers is at an all time high! As the demand for single bedroom condos continues to rise, inventory supply remains tight. In comparison to the second quarter of 2011, prices for one bedroom condos (in the second quarter of 2012) has increased by over 20% while the price of two bedroom condos has risen by 4%!

The significant price increase in one bedroom condos (as seen above), can be attributed to the ever rising cost of rentals. The popularity of homes in the greater South Beach area has yet to diminish which is due to the continuous development and growth of UCSF, and the tech and bio tech industries.