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South of Market

California - San Francisco

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South of Market - San Francisco

South of Market, also known as simply "SoMa", was a warehouse-filled district which turned into a wealthy area at the end of the 20th century. Warehouses were converted into high-end loft apartments. Fashionable bars and trendy restaurants opened to serve the new locals. Nowadays, a new well-off generation leave in South of Market, which is considered as a growing high-end residential neighbourhood. The views of the district changed dramatically, mostly in terms of architecture as Patrick's Church is juxtaposed against modern offices and Daniel Libeskind’s striking Contemporary Jewish Museum. The expansive neighbourhood south of Market Street is distinguished by a few pockets of special interest as it is home to prominent museums, including the San Francisco Museum of Modern Art, the Cartoon Art Museum, and the California Historical Society.

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.

Golden Gate Bridge

The Golden Gate Bridge is the most famous bridge in the United States and the most iconic landmark in San Francisco. Once called "the bridge that could not be built", this is now one of the seven wonders of the modern land and a must-see destination. First proposed in 1872, the bridge opened to the public in 1937 after a four-year struggle against relentless winds, fog, rock and treacherous tides. Nowadays, the bridge can be crossed by car, by bus or even by foot.

Union Square

Union Square is a vibrant commercial hub in San Francisco. Home to the major hotels and international fashion labels are gathered around the square. Close to the manual cable car turnaround, Union Square is a landmark park in the heart of the downtown shopping and hotel district. At the center, the park's signature palms pay tribute to the Square's distinctive history and offers a forum for civic celebrations.

Cartoon Art Museum

San Francisco's only museum devoted to comics, cartoons and animation was created in 1984, when a group of cartoon art enthusiasts began organizing exhibitions by using artwork from their own collection. Over the past three decades, the museum has produced nearly 200 exhibitions on topics ranging from politics and sports to children’s literature and Latino culture, and more than 20 publications celebrating and examining the diversity of cartoon art in animation, comics, graphic novels, zines and book illustration. This SoMa museum features more than 6,000 pieces of cartoon and animation art, from editorial cartoons and Sunday funnies to graphic novels and original animation cels. This is the only museum in the Western U.S. dedicated to the art form.

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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