San Francisco Real Estate Market Update for the week of November 4
Read what Rick Turley, President of Coldwell Banker, San Francisco/Peninsula says in his latest weekly report:There is a sense that buyers and sellers are really listening to the people that they ought to be listening to – their real estate professionals – and starting to understand that real estate is local.
A continually increasing buzz of activity is being reported from most areas, and house hunters are becoming more motivated to make informed buying decisions now while interest rates remain low and inventory levels in some areas create bargains. Our Reality Check initiative continues to have a positive educational influence and consumer impact, and also reaffirms Coldwell Banker Residential Brokerage’s reputation for being the leading residential real estate firm in Northern California.
More than 540 homes were held open last week and attendance was reportedly busy in most areas. Sellers should continue to take note that the well-priced homes in good showing condition draw the greatest number of potential buyers and get offers. A well-priced Berkeley listing drew 58 visitors. Burlingame notes agents writing offers in all price points, as well as active floor-time with a walk-in who bought in 24 hours. Half Moon Bay as well as majority of the East Bay, seem to have turned the corner most dramatically with respect to increased activity. A few of the micro-markets in the City and Peninsula may have seen a little slower week. One thing for certain - is nothing is for certain in the current market.
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 @ 11:34 AM
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