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Home Buyers Find Available Options in Short Supply

Housing scarcity remains as there are only 711 unsold new condominiums in the San Francisco market, leaving a 2.2-month supply of remaining inventory, according to Polaris Pacific's latest research report.

By Lisa Brown | Updated on January 11, 2018

Lumina Lumina has sold 600 of its 656 residences (credit: Steelblue).

SAN FRANCISCO—There are roughly 710 unsold new condominiums in the San Francisco market. This is a 14% decrease from last year, leaving a 2.2-month supply of remaining inventory—a 5.5% decrease from last year, according to Polaris Pacific‘s December research report.

One high-rise property is an example of the scarcity of new condos on the market. Tishman Speyer‘s Lumina—the city’s largest condominium community—has sold 600 of its 656 residences. However, there are a limited selection of one-, two- and three-bedroom condominiums still available for sale with approximately 45,000 square feet of amenities included.

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