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Home Buyers Find Available Options in Short Supply

Housing scarcity remains as there are only 711 unsold new condominiums in the San Francisco market, leaving a 2.2-month supply of remaining inventory, according to Polaris Pacific’s latest research report.

Lumina Lumina has sold 600 of its 656 residences (credit: Steelblue).

SAN FRANCISCO—There are roughly 710 unsold new condominiums in the San Francisco market. This is a 14% decrease from last year, leaving a 2.2-month supply of remaining inventory—a 5.5% decrease from last year, according to Polaris Pacific’s December research report.

One high-rise property is an example of the scarcity of new condos on the market. Tishman Speyer‘s Lumina—the city’s largest condominium community—has sold 600 of its 656 residences. However, there are a limited selection of one-, two- and three-bedroom condominiums still available for sale with approximately 45,000 square feet of amenities included.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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