4 posts tagged “san francisco real estate”
This past Sunday's SF Chronicle finally wrote the story that SF consumers needed to hear. Albeit a few months after I pronounced a heated market here in my blog.
Sales are brisk and multiple offers are common. While current resale inventory is low by standard comparison there seems to be an abundance of interested buyers.
The only issue I see are the poorly maintained properties or the overpriced properties but that is the norm for any market.
Once again, the philosophy that real estate is local holds true. Have fun this week it's beautiful out there!!
San Francisco's real estate market is alive and kicking. Unlike popular media reports, the market in San Francisco is moving steadily forward. Inventory levels are way off normal levels so this reduction is putting upward pressure on prices and offers on the "good" properties, currently available.
A current hot spot in San Francisco is the St. Francis Woods / Balboa Terrace districts. I recently had to adopt the hot market offer strategy to be successful on a home there. 18 disclosures & 9 offers and YES we won!!
But if you are a buyer and can be patient. I recommend watching the SOMA area. With hundreds of units in various phases of construction I anticipate a savvy buyer will be able to get sub-list pricing within 6 months. Hopefully, this means they will call me for representation of course.
Lastly, let me promote my listing at 10 Miller Place, #1201...as they say views, views, views!! 2/2/1 that is shorthand for 2 bedrooms, 2 bathrooms and 1 car parking. all for $1,150,000...Hard to beat that in Nob Hill.
If you have any questions or just want to bounce some real estate ideas off me just give me a call or email me @: kglidewell@pacunion.com !!
The presents are open and the stomach's full best to keep laying and watching the bull. Let the hangover of New Year's subside before you get out and ride.
San Francisco real estate inventory will start growing around 1/12/07 and should be at full force by 1/22/07..get your financial ducks in a row by then!!
Happy New Year!!!!!
This is the first installment of what I hope will be many updates and perspectives of "How I see" the San Francisco Real Estate market.
My opinion will be based on my in the streets perspective of what is going on with both buyers and sellers of San Francisco residential properties.This up to the minute analysis may have a selective topic depending on with whom and where I am working in the market at that particular time.
This could be a condo in South Beach or the Marina or it could be a house in the Richmond district or Noe Valley. Just depends on where my clients lead me at the time.
I will start with a general opinion of what is happening with the latest MLS systems and where that may be headed in the near term.
San Francisco home buyers are unique in that they are very savvy when it comes to searching for properties online. You are a demanding bunch that has an expectation that a real estate agent only searches property and that the buyer can do just as good a job as the agent given the current mls technology.
Although that may be true in many cases a proficient agent will have a current in depth knowledge of how to search properties both online and within their network of real estate agents, both locally and regionally. These networks are invaluable and any rookie agent or out of area agent is handicapped when competing aganist the more seasoned agent locally.
But the combination of experience needs to be linked with the technical capability of an agent as well. Some agents are just getting email, oddly enough. How do you say "behind-the-times"??
Anyway, to the point. Many of the Northern California MLS systems are working towards having a collabrative system by mid-year 2007. So be on the forefront of knowledge especially if you are looking to invest in the small apartment market regionally.
That is it for today. More soon but if you need to reach me before then try emailing me at: kglidewell@pacunion.com
