Its interesting to see the answers below. I love Ed's response. He's the quintessential shopper like us who knows where to look for value.
South Beach and SOMA have some fantastic new construction but occupancy levels tell you that no one is really buying them at these prices anymore. Arterra prices are down atleast $100K for every unit and 250 King recently had a $750K appt go on foreclosure and be listed for $600K.
Banks are calling their loans and at pretty soon these builders will have to slash rates to meet the loan requirements. I'd hang in there. Also the smaller the unit the more ridiculous the price.
Look at Cubix Yuerba Buena...at over $700/sq ft...they're selling walk-in closets calling them studios..Eventually, there will be no best time..just clinch the best deal you find...Best of luck!