New construction is limited in San Francisco but present, primarily in Mission Bay, SoMa, parts of the Central Waterfront, and select boutique projects in established neighborhoods. New construction typically means modern systems, energy efficiency, clean title, and no deferred maintenance. The tradeoffs are higher price per square foot, limited negotiating room with developers, and HOA structures that can take time to stabilize as a building fills.
Newer buildings also tend to attract buyers who want contemporary design and amenities rather than historic character. I help buyers evaluate new construction with the same rigor as resale, looking carefully at HOA financials, reserve funding, developer track record, and how the building’s position compares to established product in the same neighborhood.