A fairly common question we come across in everyday business is “How do 1-bedroom condos perform when compared to 2-bedroom condos?“
It’s an interesting question, and we set out to identify some trends. We looked at all condo sales in San Francisco dating back to 1995, and separated them out by number of bedrooms into four groups: Studios, 1-bedroom, 2-bedrooms, and 3-bedrooms. What we found was somewhat revealing about the condo market in general. *Please keep in mind, we have adjusted the median values for inflation to get a more accurate view of the market.
- Studio medians peaked in 2005 and are down 12.84% since.
- 1-bedroom medians peaked in 2005 and are down 9.04% since.
- 2-bedroom medians peaked in 2005 and are down Read the rest of this entry ?