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Financial District

California - San Francisco

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Financial District - San Francisco

Known as the "Wall Street of the West Coast", the wealthy Financial District of San Francisco is the city's business center and a major economic place in the world. Firstly settled by those searching for gold in the Sierras during the Gold Rush era, the Financial District is still characterized by a well-off population. This posh strip is home to high-rises and office buildings which dominate the Downtown skyline. The neighbourhood has a lot to offer to tourists and natives alike, from iconic landmarks to fantastic entertainment, there is always something incredible to discover. The Financial District hosts also the shopping mecca as this is the heart of all things retail. This trendy place is characterized by one of the largest concentrations of renowned art galleries, major theater venues, high-end salons and upscale boutiques in the country.

Market overview

San Francisco has always been considered as one of the luxury real estate leaders thanks to its dynamism and its attractiveness. Therefore, this is one of the favourite destinations of American billionaires.The luxury real estate market in San Francisco is buyer's market and this upmarket represents 20% of the real estate transactions held in San Francisco. The market is particularly influenced by seasons as the wealthy population does not hesitate in taking summer or winter holidays. Besides, more and more high-end constructions are being built, which enlarge buyer's range of choices. This is a good period for buyers, who can enjoy a little decrease in prices.

Buying basics

Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).

Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error.

High Season
May 01 - Oct 31

Between May and October, the climate is characterized by mild temperatures. However, the weather is particularly foggy. Karl, the fog of San Francisco appears in the morning, vanishes around 12am and appears again in the afternoon due to the presence of the Pacific Ocean. Temperatures are not especially warm in summer and vary between 11 and 13 degrees despite the sunny weather.This is a dry period, with very little rain. This is the best period to enjoy attractive deals regarding hotels and flights.

Peak Season
Jul 01 - Sep 30

Between July and September, the city of San Francisco is taken by storm by tourists, who come visiting the famous landmarks or attend the renowned gay pride organized during summer. Therefore, places are over crowded and prices are particularly expensive. The summer is dry and mild, temperatures can reach a maximum of 23 degrees and September is the warmest month. However, bathing is impossible due to the cold stream of California which makes the water very cold. Fog can cover the city, mainly in the afternoon, which creates a lot of moisture and the decrease of temperatures.

Low Season
Nov 01 - Apr 30

San Francisco enjoys a pleasant climate all year round. Its Mediterranean climate provides a warm and cool weather from November to April. Temperatures never drop below 5 degrees in January, which is the coldest month. Even if snow is rare in San Francisco, winters are particularly wet and rainy as precipitations are especially concentrated over this period, between November and March. This is the best moment to benefit from attractive prices and places are much less crowded.

Transamerica Pyramid Building

The iconic Transamerica Pyramid Building was built in 1972 to be the Transamerica Corporation headquarters. Today, the unique pyramid stands as a symbol of San Francisco as this is the tallest building of the city. It was designed in a specific way to allow more natural light on the street below. Besides, it is still strongly linked with the company as it is depicted in its logo. The tower is not open to the public but the adjacent Visitor Center is definitely worth discovering as it provides unexpected views on the pyramid.

Cable Cars

The Cable Car of San Francisco is an unmissable attraction while visiting the city. It holds a special place in every San Franciscan's heart. Experiencing a ride on a cable car is a unprecedented activity as this is an authentic and exciting attraction and one of the major symbols of the city. Even if cable cars are not used by the locals, the ride provides fantastic views of the stress of San Francisco as well as a gorgeous tour throughout the hilly landscape. On the corner of Market Street and Powell Street, there is the "turn around", which is the spot where the cable car is turned around to start its route again. This venue is also a true attraction by itself.

Punch Line Comedy Club

The Punch Line Comedy Club is an intimate 200-seat venue concert and hosts fantastic events to relax after a hectic day. This perfectly designed venue is a nice place to have a good laugh and see where famous personalities such as Robin Williams, Ellen Degeneres or even Drew Carey learned their craft on this stage. The Punch Line Comedy Club is characterized by its traditional-style and its awesome staff to make you spend an amazing moment. This is one of the best places to discover the ultimate stand-up comedies.

The PRESTIGE MLS agents

Mark A. McLaughlin
Director
Pacific Union International
San Francisco
Discover Hotspots in San Francisco
Situated in the State of California, between the San Francisco Bay and the Pacific Ocean, San Francisco is an iconic city which spreads over 600 square kilometers and hosts over 800,000 inhabitants. The city was created in 1776 and is now the fourth largest city in the United States and the third most visited place of North America. Tourism represents a major economic activity. Indeed, San Francisco hosts some of the most iconic landmarks of the USA, such as the Golden Gate Bridge, the Alcatraz Island, the Fisherman's Wharf, the Chinatown district or even the Painted Ladies. Visitors come to San Francisco to discover its famous cable cars and the legendary ascending streets. It is highly recommended to visit the National Parks situated i...
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