San Francisco Real Estate Market Update for 5/5 - 5/11/07
Read what Rick Turley, President of Coldwell Banker, San Francisco/Peninsula says in his latest weekly report:It was a patchwork quilt of a market in the San Francisco Bay Area this week with determined buyers aggressively bidding and buying homes in some areas, and aggressively bargaining in others. Like last week, place and price continue to be the most critical factors in getting buyers and sellers to come to terms. Five Petaluma listings were in multiple offer situations with two-to-three offers per property. Condo sales in Novato are stagnant, but upper-end homes are moving nicely, and the rental market is “hot” – even experiencing multiple lease offer situations. Santa Rosa reports brisk activity at several price points, but notes the $1M+ properties are seeing the steadiest activity. The high end also continues to get a lot of attention in Southern Marin and well-priced homes sell quickly.
...In San Francisco, a $1 million condo generated five offers in one day and sold for 22% over asking. More than 90 homes were reportedly 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 @ 8:18 PM
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