What's New In New Construction, Winter 2023/2024

The condominium buildings below are only a selection of all those offering brand new homes for sale. See our complete guide to developments currently selling and coming soon for additional insights here .

Construction of this boutique condo building by Eastwood Development is expected to wrap up in April 2024. Among the 15 new homes at 9 Eighty 6 is one studio, eight 1-bedroom and six 2-bedroom residences. Amenities include a secure lobby, courtyard, rooftop deck, bicycle storage, and a limited number of on-site parking spaces. Market-rate 1-bedrooms are expected to be priced from the $600Ks, and 2-bedrooms from the $800Ks. Have a first look at unit renderings, floor plans and home specs. Please contact me to stay in the know and receive early access.

Featuring 90 condominiums above street-level retail, 988 Harrison will likely be the largest new homes development launching sales in 2024. Per approved plans, it will contain mostly 1- and 2-bedroom residences plus a smaller offering of studio and 3-bedroom layouts. JS Sullivan began construction in Q3 2022 and should near completion by the end of next year. It’s too early to discern much more about the project, so stay tuned for information in the months ahead. Please contact me to stay in the know and receive early access.

Now thru 8 January, the developer will credit to buyers one year of HOA dues at close of escrow. Studios are priced from the high $400K range, 1-bedrooms from the $600Ks, and 2-bedrooms under $1 million. Multiple rounds of price reductions since 88 at the Park ‘s March 2022 debut have shaved off 25 percent or more, however less than half of these 127 homes have sold. The majority of units on the top two floors are available. For buyers wanting to live in a larger new construction building with amenities, and to have sense of neighborhood, this presents a compelling option. See select floor plans .

The developer at Union House is now offering to buy-down the mortgage interest rate to ±4 percent on select homes for a limited time. Seven final units include three 2- and 3-bedroom penthouses from ±$3.2 million, a 2-bedroom townhome at just under $2 million, and three upper-floor flats from ±1.2 million. Not one new home sold in Q4, but two resale listings did change hands — for an average 17+ percent below their inaugural purchase price (and one seller crediting a year of HOA dues).

Just shy of two years since 311 Grove quietly launched in advance of sales, two of the eight units finally (FINALLY!) found buyers this month. It took a couple major price adjustments totaling 30+ percent however, positioning 1-bedrooms as low as $599K and 2-bedrooms starting at $899K. Remaining condos — including a 2-bedroom and 2-bath penthouse with parking for a bargain $1.05 million — have been taken off market for the holidays. Get ’em now while the getting is good. See select floor plans and home specs .

Major price cuts have arrived for a number of the 79 remaining new residences at One Steuart Lane . More expensive units like this high-floor 3-bedroom were recently reduced by more than $1 million; select smaller homes received six-figure adjustments as well. Like so many luxury developments in this corner of the city, sales activity has slowed considerably since the pandemic. Only one unit sold in 2023 — 20+ percent below list. Opportunity knocks to get your piece of San Francisco’s iconic waterfront.

Having 21 of its 43 market-rate units sold, ORAN is nearly halfway to closeout. All remaining new units are 1-bedroom configurations priced from ±$500K, primarily located on the building’s upper floors. On-site parking is available for purchase, and eligible borrowers may receive up to $17,500 in grants. Combined with super low HOA dues and an amenity-rich location, the value is fantastic. The first resale listing has also arrived, a 2-bedroom penthouse purchased just this past July and priced for a nominal gain at $965K. See select floor plans and home specs .

Following a hotly anticipated launch in August, enough of the 44 market-rate units at Maison Pacific have gone under contract for closings to commence last month. Only three sales have been reported to the MLS which suggests prevalent below-list purchase prices (like this upper-floor view home offered at $1,708,000 and sold for $1,650,000). Available units include 1-bedroom flats from the $800Ks, 2-bedroom flats from ±$1.3 million, and 3-bedroom penthouses from ±$3.4 million; 2-bedroom townhomes are still to come. See select floor plans and home specs .

At long last, after commencing preview tours with a soft launch this past September, The Belvedere made its public debut in January 2024. Introductory pricing starts at ±$1.3 million for 2-bedroom homes; 3-bedroom configurations located solely on the building’s upper two floors are anticipated to top out around $4 million. Most residences feature a private patio or balcony, and some include a den area. A limited number of on-site parking spaces will be offered to the most premium of the 28 units. See select floor plans and home specs .

Built as condominiums and occupied as rental units since 2017, these homes are now trickling onto the market as they become vacant. Price reductions upwards of 10+ percent have already been executed for the first three listings — lower-floor homes under $1 million. In all, eleven units are a mix of studio, 1-bedroom and 2-bedroom configurations; private outdoor space, additional storage, and/or on-site parking are included with select homes. 140 Pennsylvania Avenue is professionally managed, and association dues cover owners’ heat and water.

Approaching 90 percent sold, 2238 Market has four 2-bedroom residences priced from ±$1.3 million and one 3-bedroom penthouse at ±$3.4 million remaining in the primary building. Behind it, with a private entrance on 15th Street, the Townhome Collection ‘s final unit — which features nearly 3,000 square feet of living space plus a pano-view exclusive rooftop deck — is listed at ±$4.3 million. The first resale, a 1-bedroom corner unit , just sold at 9+ percent below its 2022 price. See select floor plans and home specs .

OneEleven is the only place where you’ll find a new 1-bedroom penthouse for less than $500K. Following aggressive price cuts beginning late last year, and a relatively active spring, just one condominium sold in Q4. That said, accounting for both owners and tenants, the 39-unit building is near entirely occupied. Expect more inventory ahead as renters move out and those units are listed for sale. Two-bedroom homes now priced from the $700Ks are offered on-site parking for an additional $40K.

Less than a handful of new homes have sold this year, leaving 13 2- and 3-bedroom residences available as well as the 6,900+ square feet Grand Penthouse. The most recent sale (pending) is a lower-floor 2-bed listed at $4,500,000. There are also seven so-called Atelier Suites — studio and 1-bedroom units previously reserved for owners of larger residences — entirely unsold since being released to the public earlier this year. Resale listings at 181 Fremont appear from time to time, but often struggle to find a buyer.

Since embattled developer Z&L Properties unloaded all unsold inventory in one lump sale this spring, four of those 18 new homes have reappeared — two have sold (under asking). One and 2-bedroom flats as well as a 3-bedroom townhome remain available and are likely to be reintroduced in the near year. The only actively marketed listing at Fulton 555 is a 1-bedroom resale priced at $740K, a nominal drop from what the seller paid in 2021.

You can reach out to me directly to get real-time metrics and my take on the market any time.?I am always honored to be introduced to friends/family to discuss real estate and investing in the Bay Area.?Your referrals are appreciated.

Onward and upward,

Mike Basham

[email protected]

DRE # 01855968