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Jesse Fowler, Real Estate Pro in San Francisco, CA

condos with 55 age limit

Asked by Jesse Fowler, San Francisco, CA Fri Aug 31, 2012

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I'd the question to be "Is there a market for buildings like this?" Developers get to build more units, based on the increased FAR (floor/area ratio) allowed by SF Planning code if the building is set aside for seniors.
My experience is that there isn't a market for these units. A project on 24th St. languished years ago, Frank Norris didn't fill up very quickly either.
It reflects the aging staying at home even when they are alone and living in a family home that should have been listed and sold to a new family a decade ago. A long time SF Realtor said once that San Francisans don't "move up" they add on or get carried out. It rings true to my experience.
0 votes Thank Flag Link Sat Sep 1, 2012
Jed Lane, Real Estate Pro in San Francisco, CA
MVP'08
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Hey Guys,

Not sure what your question is. Are you asking which places are 55+?

A regular condo such as Fank Norris or one that includes programs and food like the Carlisle?

Or pros and cons?

Rebecca
0 votes Thank Flag Link Sat Sep 1, 2012
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