The two locations are so different, this is a tough choice. Mission Bay is going to continue to grow and evolve. On the plus side you have the promise of 10,000+ new jobs in stem cell research, biotech and medicine over the coming ten years. All of those people will need a place to live. That location isn't too far outside the part of Soma and South Beach that offer nice restaurants, convenient access to grocery stores and night life et cetera. The waterfront is being developed, too, to become nicer for evening walks.
The downside to that location is that there aren't a lot of residential buildings down there and most of the planned development is commercial. I have a feeling that area will feel more like Emeryville than San Francisco when it's all said and done. It's hard to know yet, but I wouldn't be surprised if the area swells with people by day and then feels a little vacant in the evening and during weekends.
18th and Dolores, on the other hand, is very well established. I think that will be an attractive location for people for decades to come. If you're in a two unit building you probably own a Victorian/Edwardian style unit, which is also really popular. By the way, I am working with several buyers who really love that area and need a 2/1. If you do decide to list, I'd love to take a look...
I think this all boils down to which location will best provide the lifestyle you're seeking. Will more space and being by the waterfront trump the walkability and charm of Mission Dolores?
My good friend, Mark Choey specializes in properties in SOMA, South Beach, and Mission Bay. And especially condos. He told me that the market in those areas are still strong despite the national weakness. Especially premium properties, well staged, are getting multiple offers. He can provide so much more specifics and comps (he's closed on a number of transactions this month). His contact info is at:
He's a great guy, and I highly recommend him.... more
There are currently about 50 condos available in the Mission Bay area; most of them are in five major developments. NAR reported condo prices in San Francisco as a whole to have dropped just over 5% from the second quarter to the third quarter so it seems prices have been affected. In this area in particular they also tend to have a longer time on the market than average.
Having said that, this area is not yet fully developed, and there are some very interesting things coming up that are getting a lot of attention. One is the building Arterra which is set to be San Francisco's first LEED certified residential high rise. Also the UCSF reasearch campus, once finished, will no doubt breathe life into the area. I just wrote about this area and the various developments in my blog; feel free to take a look. www.sanfranciscohomes.blogspot.com... more