San Francisco Real Estate Market Update for 4/28 - 5/4/07
Read what Rick Turley, President of Coldwell Banker, San Francisco/Peninsula says in his latest weekly report:Those serious buyers mentioned in last week’s edition of the Weekly Market Watch are busy writing offers, some are writing at under list price, while others are making strong Pre-emptive offers. In many cases, Sellers, however, seem to be sticking to their list prices – sometimes it works, sometimes it doesn’t. The lesson this week? Proper pricing is crucial.
Multiple offer situations are simmering down in most areas, though Berkeley agents are still scratching their heads about the 15 offers received by a two bedroom El Cerrito listing under $600,000. Homes priced in the $1-3+ million range seem to be the most likely multiple offer candidates in many areas. A small Mill Valley home listed at $1,345,000 had five offers.
Pleasanton too notes that the upper end homes tend to move faster than lower priced properties. Walnut Creek reports that inventory in the $1-2 million range is moving quickly, and in San Francisco, the sales price during the week for one office averaged $2.7 million. More than 60 properties, all in all, were in multiple offer situations... Read more.
- Rick Turley
* For an e-mail alert when this report is updated, send a note to info@SFResidence.com with "weekly market report" in the subject line.
posted by SFResidence.com @ 9:00 AM
2 Comments:
This coincides with an article ii wrote on my blog. The high end market is driven by service and timing. What better time to buy Real Estate than now. From a Pleasanton prospective, there are some great homes to see.
Cheers,
Blog.BrianLebars.com
Keep up the nice Blog!
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