S.F. Citywide Market Trends for Condos, Lofts, Coops & TICs 2008 vs. 2009-have we hit bottom?
And here are the S.F. citywide market trends for condos, coops (the few that we have) and lofts. TIC data is included in reports separate from condos.
I thought it would be interesting to see what, if any differences there were between the property types. TICs are a unique S.F. property type with it’s own unique financing if one is going the fractional loan route.
It turns out that most of the numbers are somewhat similar to the condo/loft data with the exception that the TIC median price went up when compared to the small dip in condo prices and the number of sold TIC units was higher than condos by 41%-perhaps a signal of aggressive TIC pricing??
Either way, numbers for both property categories are definitely improved from 2008.
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Below is the stand alone TIC data: