The market for homes in the city remains affected by COVID-19.
The San Francisco real estate market has historically been one of the best in the world. However, in recent years, markets in urban centers started to taper due to decreased amounts of foreign investment. In particular, it became increasingly difficult for the Chinese to get money out of their country – even just for a down payment. Being that San Francisco and New York real estate was largely fueled by investors, losing rental income can vastly affect the efficacy of their business.
Yet, for those who have been waiting patiently for the right wave, interest rate lows mean that larger borrowers will benefit from access to capital. There are many podcasts on house hacking, real estate investing, and on purchasing your first home.
I wanted to share some of my favorite San Francisco neighborhoods. Whether you’re thinking about renting a place, buying a home, or starting a real estate business, Miya Real Estate hopes that this breakdown of some attractive neighborhoods is helpful!
SoMa, or South of Market, is a vast industrial district with a warehouse feel. It encompasses Mission Bay and South Beach, newly gentrified areas. Surrounding Yerba Buena Gardens on Mission and 3rd is an arts center, convention center, and several museums – including the acclaimed San Francisco Museum of Modern Art (SFMOMA). The area is dotted with coffee shops, dining options, and traditional retail outlets.
Perfect for gym lovers, museum hoppers, and takeout orderers.
Fisherman’s Wharf, on the northern waterfront, is one of the city’s tourist attractions. Souvenir shops and sourdough bread-bowl vendors, plus postcard views of the bay, Golden Gate, and Alcatraz make this a buzzing place. Near the pier, there is a colony of sea lions to see and listen to, along with historic ships and buildings. At Ghirardelli Square, fine boutiques and eateries reside in the famed former chocolate factory.
Perfect for seafood eaters, boutique shoppers, and water lovers.
Named after 1776-built Mission Dolores, the Mission District is an exuberant, evolving neighborhood with Latino roots. Vibrant murals are your backdrop and vendors line the streets.
Perfect for taco junkies, bicyclists, and evolvers.