Jeffrey Marples: San Francisco Real Estate Agent at Marker Luxury Properties
Hooray. New SF Condo Inventory!
With only 265 condos and townhomes for sale in SF, supply is seriously tight and now that summer’s here demand is mounting. Prices are rising, which is great for those who already own real estate here but can be frustrating for buyers.
No matter which category you’re in, it’s nice to know builders are answering the clarion call for new urban residences. Many of the new buildings coming on the market are in the mid-rise range. One condo development on track to ease the condo shortage is 8 Octavia, a newer, technology-enhanced community, which finalized construction and began occupancy in late 2014.
8 Octavia is an eight-story, glass building in Hayes Valley. It houses 47 units with retail space on the first floor. The architects reimagined an early modern design of adding an exterior layer of floor-to-ceiling louvered panels and added individual, remote control technology. This allows residents to manipulate amounts of natural light, views and privacy throughout the day while customizing energy efficiency in real time.
The shared common areas feature an interior jewel-box designed viewing garden and an artfully furnished and landscaped rooftop terrace with panoramic city views. Oiled, wide-plank oak flooring, imported from a monastery in Austria, compliments the cool modern interior with the warmth of a distant sun.
A smartphone, keyless entry system maximizes security and allows homeowners the ability to monitor and grant access from around the world. Residents also enjoy San Francisco’s first virtual doorman. Professional operators greet visitors, accept deliverables and offer other assistance.
At 8 Octavia, buyers choose from 1-2 bedroom floor plans and penthouses. All residences have state-of-the-art SieMatic handle-free kitchens and patented, space-saving storage systems. The interiors are all about flex space. Some plans even offer an optional movable wall to configure rooms on demand. Penthouse plans include some with private roof decks with some arranged as bi-level townhomes.
Amero condos have energy efficient features, modern floor plans and a roof deck in Cow Hollow. The Amero offers 27 newer downtown San Francisco condos. Also in the building queue is 35 Dolores in Mission Dolores.
The South of Market area is offering a mid-rise. 870 Harrison, a mixed-use, six-story, 26-unit community with roof garden and secure parking.
While these new and nearly new condos in SF will help relieve the strain of buyer demand in San Francisco, it will probably take a while before price increases and inventory increases restore the balance between supply and demand.
In the meantime, there are many other nice “nearly new” buildings available. Contact us to learn about those and tell us what type of home would make your heart sing. Then let us keep an eye out for the right one.
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Though not guaranteed, information and statistics in this article have been acquired from sources believed to be reliable.
San Francisco sits on California’s central coast and is the state’s fourth most populous city. Mid and High Rise condo buildings are common here, because of the restricted land space.
The highly desirable area of Cow Hollow has a brand new community in the neighborhood - Amero. Located at the corner of Filbert and Van Ness, this 7 story mid-rise building houses 27 units. A mix of flats and townhome style residences (some two and three level) offers high end finishes. Private decks and patios are available for outdoor time, or residents can also take advantage of the rooftop terrace with BBQ grill and dining areas for entertaining. Upper level units will have ...
8 Octavia is a brand new condo building in the vibrant Hayes Valley neighborhood at the corner of Market Street and Octavia Boulevard. This high-rise building houses 47 (1, 2, and 3 bedroom) units over ground floor retail.
Amenities include a rooftop deck and common courtyards. Entry into the home is by smartphone. Flex space floor plans offer multiple rooms with sliding wall panels to maximize space. Units have energy efficient lighting and appliances, as well as user ...
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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2021-09-27