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San Francisco Home Sale Data

Click on a neighborhood to view quarterly home sale data.

Condo Conversion & Home Financing

Typically lenders do not require refinancing if a condo conversion occurs. Most owners prefer to refinance though and for good reason, including:

  • Refinancing makes the process of selling a converted unit separately or transferring ownership to an individual owner more simple.
  • Refinancing a converted unit reduces the default risk associated with sharing a mortgage with other owners.
  • If an owner is able to get better financing terms now, waiting to refinance means assuming risk of future job loss, income change, or credit issues that could make refinancing problematic or impossible.
  • Refinancing may qualify a unit for future exemption from San Francisco's rent control rules.
  • A smaller unit with one owner may offer lower interest loans with better terms than a group loan for multiple units.      

Property Tax Rates - San Francisco

Proposition 13 established a maximum property tax rate of one percent (1%) of the assessable value of a property. This 1% may have additional tax rates added to it depending on the level of indebtedness assigned to property owners to finance voter authorized expenditures. In other words, the tax rate is 1% plus whatever tax rate is assigned to pay for school bonds, infrastructure, and other voter approved public projects.

Property Tax Dates To Remember

Important Dates for Property Owners:

Jan 1: Lien date – taxes for the next fiscal year attach as a lien on the property. The assessment of property applies as of 12:01 a.m. on the first day of January of each year.

Usage Assignment Method

The Usage Assignment Method is a method for allocating usage rights in a co-ownership arrangement of a second, or vacation, home.

Time Shares

On the surface, second or vacation home co-ownership seems similar to a time share arrangement. In many ways it is. However there are some key general differences.