Real Estate Realities:
…Tales from the front line of buying and selling San Francisco real estate
Recently, my team and I brought a new condo listing to the market. The sellers were going to wait until Autumn but seeing the severe lack of inventory throughout San Francisco and the strong interest from buyers wanting to capitalize on today’s interest rates, we pushed up our marketing schedule and got it on the market ASAP.
After 1 week: 14 offers arrived at my office – 9 of them OVER the asking price!
It may be hard to believe, but the San Francisco market, except for a few areas that remain shaky, has been recovering for over a year and there is more demand than supply. In other words, there are more buyers than sellers. In other words, well-priced and presented listings are selling for more than the asking price and receiving multiple offers. In other words, if you have been considering putting your home on the market this year, you may want to get started.
Who do you know who wants to capitalize on this sellers’ market?