Well lets just find out, shall we?
We ran some reports to answer this question. It’s an important question as there are many people shopping for homes– around 65% of whom are open to TIC ownership.
First, we calculated the number of sales of single family homes, condos, TICs, lofts, and stock cooperatives that have taken place in San Francisco from January 1 through May 1. We cut off the analysis at May 1st because some agents take a couple weeks to update their sales in the MLS, which would skew this year’s number.
Next, we calculated how many sales during that same time period were attributed to TICs. Then we divided the number of TIC sales by the first calculation (which represents total sales) to arrive at our final number… the percentage of total sales attributed to TICs. Plotting the percentages over the past few years gave us a trend and a source from which we could make some comments:
Percentage of total sales attributed to TICs over time (click to enlarge)
To see commentary and conclusions, continue reading –>
