San Francisco Real Estate - Residential

June swoon? Hardly! San Francisco real estate is in high gear!

Spring has been hot (market-wise, not weather-wise) and it looks like summer will be even hotter. I can not stress to you how the absence of inventory can cause double-digit appreciation when the few listings we do have sell, and it often creates multiple offer situations.

Every week (tomorrow) on this blog I post the statistics of our TRI Coldwell Banker office on Van Ness which boasts the market share of residential real estate sales for San Francisco. If you are a regular reader, you will see that our pending sales far outpace the number of listings. So even if our agents don't have the listing, chances are one of us represented the buyer! And in this sellers' market it takes an experienced Realtor to negotiate the best price for her clients.

A new listing I had in Laurel Heights was marketed for 8 days, received several offers and sold well in excess of the asking price of $1,495,000. The sellers received advice from staging expert, Arthur McLaughlin, and hired him to stage their condo using mostly their own furnishings. We had 2 open houses broker's tours and then looked at multiple offers. If you have a property you would like to sell, I can advise you on the best way to prepare it for market so you receive the top value. I represented them as buyers in 2001 and when they sold this year, they received close to 10% annual appreciation on their condo. San Francisco real estate is a GREAT INVESTMENT!

- Janis Stone

posted by SFResidence.com @ 6:03 PM