SF Condo Market in 2025

[Greg Miller]

Hi All, 

I've got a nice condo in Mission Dolores neighborhood that ever since the Pandemic we have long-term rented. Prior to pandemic we used it a lot for ourselves and did AirBNB which was a gold mine for the 90 days that you are allowed to do it in the city. Lease is coming up for tenant and we would love to sell the property, but just don't think we will be able to get what we payed for it back in the summer of 2018.  Any insights from this group who knows this market on what is expected to happen with SF condo market in 2025? I believe CA market in general is expected to increase by 4-5% but SF is unique. Thank goodness we are getting a new mayor. Appreciate any insights. 

Greg

[Wilson Lau]

Hey @Greg Miller, you are right that the SF market is in a unique market, especially for condos. Days on market is about 2 months, slightly better than earlier this year but relatively speaking, it's still a more balanced market compared to rest of the Bay Area. I would say the data is representative of the Dolores neighborhood as well. Curious what makes you sell since you said Airbnb is doing great there?