Prices continue to be on the move upwards as inventory stays extremely tight throughout San Francisco. According to the San Francisco Association of Realtors Monthly Indicators report, the median sales price was up 14% year over year in December while new listings were down 46.4% for single family homes and 37.9% for Condo/TIC/Coops. What does this mean for you if you are in the market to buy or sell?
If you have been thinking about selling, now is a great time to list your property. Competition is fierce and most inventory, if properly prepped for market and marketed well, is getting snapped up very fast.
If you are a buyer, it means we have to come up with a solid strategy to find the property you want in a price range that makes sense, and hopefully before it even comes to market.
Either way, I’m here to help. So if you know anyone looking to buy or sell real estate in San Francisco, please connect us and I will help them down the path to navigate the market with ease. You can view the whole report here and please feel free to post any questions you may have or contact me directly.