Hi Pete,
Its no surprise that the end 2008 and beginning of 2009 changed the real estate marketplace in San Francisco. Many of the cyclical norms when out the window and we are still in that period of market correction. SOMA and South Beach are two neighborhoods that have a large amount of inventory which is great for the commodity shopper.
My advice is to base your decision on mortgage rates rather than supply and demand of condos/lofts. As rates continue to be held low - take your time and continue to look for the right place.
Please feel free to contact me if I may provide more information.
Best of luck!
James
James Testa
Paragon Real Estate Group
415.515.6097
jtesta@paragon-re.com - Wed Aug 19 2009, 01:55