Lee Clancy, Both Buyer and Seller in San Francisco, CA

How will the America's Cup affect property values in SF?

Asked by Lee Clancy, San Francisco, CA Fri May 25, 2012

Help the community by answering this question:

Answers

6
It's crazy how much some of these places are renting for. $2000K/night???

Seems like some people are capitalizing on being able to charge a ridiculous amount while others seem more reasonable

The rentals at http://www.americascupaccommodations.com are only $180-$450/night...still no chump change but pretty decent compared to others.

I'd check Craigslist too...there are probably people looking to rent out as America's Cup gets closer. I'll be crashing on my friend's couch for the price of cooking dinner :P
0 votes Thank Flag Link Fri Mar 29, 2013
Lee,

Last year my clients near the water were approached my a network television group to buy the property they owned near the race's finish line. Our hotels, and all rentals (even pricey ones on craigslist) will sell out.

It is a fantastic opportunity to anyone near the water to create revenue, but my guess is that there will only be a few who actually buy property for the races. I feel that those who may have, probably already have purchased.

Fun Question!

S
0 votes Thank Flag Link Sun Sep 2, 2012
I do not believe people will buy to take advantage of the races. Those who have views will probably have parties. But that is just a part of having the view. I do not know or have heard of anyone buying just to see America's Cup. In general, most people want a "great view." And that is the driving force behind where and what they will buy. The race is secondary in my opinion.

Best,

Sally
0 votes Thank Flag Link Fri May 25, 2012
That is literally a "million dollar question." I have clients with water view homes and dollar signs in their eyes asking me whether there will be a demand from America's Cup participants and entourage for available homes to rent or purchase, but am only hearing anecdotes about deals that have been consummated. The only definite housing needs so far are from advance people just want a functional rental that meets their needs. There is a "hospitality" page on the America's Cup Website-- I'm pointing any client who hopes to rent their home out to the contact link on that page. http://www.americascup.com/hospitality

I will be really interested to see how others will answer this question.
0 votes Thank Flag Link Fri May 25, 2012
It will and has already effected the rental market significantly. As for property values, it's hard to say. It will depend greatly on the location, style and size of the property. See this home:

http://www.americascuphome.com

Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
Web Reference: http://www.oggikashi.com
0 votes Thank Flag Link Fri May 25, 2012
I seriopusly doubt that America's Cup is either significant enough, nor lasts long enough to have an impact.
I doubt that even the Super Bowl makes a dent in Real Estate values.
Real Estate is a long term investment.
And it can take months to complete a transaction, not counting a long fence-sitting before.

Good luck and may God bless
0 votes Thank Flag Link Fri May 25, 2012
Thanks Ron...what do others think? My guess is that for some areas of the city near the waterfront, there will be a noticeable appreciation closer to the time of the actual event.
Flag Fri May 25, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer