Check out this past week’s sales report for Zephyr Real Estate, San Francisco’s largest, independent real estate brokerage! Of all properties that sold:
- 52% received multiple offers!
- 55% sold for over the asking price!
- 23% sold for under the asking price!
- 23% sold at the asking price!
This means we continue to be in a mixed environment, where some properties that were either not properly positioned (i.e. price) or presented (i.e. condition and marketing) sold for under or at asking while others are getting multiple offers and going for over the asking price. Inventory supply is back at 2004 levels….