San Francisco Real Estate Market Update for the week of October 21
Read what Rick Turley, President of Coldwell Banker, San Francisco/Peninsula says in his latest weekly report:The scope of the tragedy engulfing our Southern California neighbors is staggering. Nearly 2,000 homes have been destroyed by the fires rampaging through San Diego, Orange, Riverside and Los Angeles counties, and tens of thousands of people remain displaced. Let us all take a moment to offer our heartfelt prayers and best wishes to the victims of these fires. You may have heard that our colleague Brian Buffini and his family lost their home entirely - without the opportunity to go in and retrieve any items whatsoever. And there are many more victims without the financial resources of someone like Brian who face the unbelievable burden of recovering from this. I encourage those of you who choose to assist in the aid and relief of our Southern California colleagues, friends, and family members to make a donation through the Realogy Charitable Foundation – the details are at the bottom of this week’s Weekly Market Watch.
In the San Francisco Bay Area, buyers are starting to realize that selling prices are just not going to drop precipitously from where they are now in most of the Bay Area. If a deal is to be had, now is the time to negotiate it, and it seems the negotiating has begun. Offices in all areas reported increased sales activity and buyer interest, and our more than 600 homes held open were overwhelmingly well attended. Sales activity and buyer activity is reportedly increasing in practically every area.
Read the entire report here.
- Rick Turley
* For an e-mail alert when this report is updated, send an e-mail to info@SFResidence.com with "weekly market report" in the subject line.
posted by SFResidence.com @ 7:29 AM
2 Comments:
Nice post. Check out my site on San Francisco Real Estate.
http://www.gregorygarver.com
Gregory has a nice website with lots of information on current building projects in San Francisco. Take a look at www.gregorygarver.com. We are pleased to post his link. Hopefully he will reciprocate!
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