San Francisco Real Estate – Spring Market Outlook from Zephyr Real Estate
In case you’re a regular reader here at the blog, you probably have noticed the ridiculous lack of steady posts over the last several weeks. Things in the SF real estate market have been anything but slow, and Zephyr has the scoop:
Dolla Dolla Billz Changing the San Francisco Real Estate Game
So sales of homes in San Francisco are well, moving like hotcakes, at least relative to the last year or two. Socketsite reported that “recorded home sales volume in San Francisco was up 50.6% on a year-over-year basis last month“ and that “median sales price in March was $675,000, up 11.0% compared to March ’09 ($608,000) and up 7.6% compared to the month prior.” Not enough evidence for you that we may have seen the bottom of the market? Well, how’s the evidence that multiple offers are on the rise again? Out of the last 8 offers I’ve written for clients, 7 properties received multiple offers.
Two Tales of One (Real Estate) Market
I called the bottom of the San Francisco real estate market last year. It felt like things were flattening out. And in some by some reports, prices were even increasing in SF!
Since the holidays, I’ve been busy as a bee trying to keep up with buyer and seller demands, and you may have even noticed that blog posts, and my “weekly” newsletter, The City Update(TM), have been rather sporadic.