San Francisco Association of Realtor’s 2016 Annual Report on the San Francisco County Housing Market
The 2016 San Francisco Real Estate report has been released. In simple terms, things slowed or “shifted” a bit. So what does this mean?
Speaking in broad brush strokes, sellers leverage was decreased slightly in 2016. Fewer offers per transaction, longer days on market, and more price reductions ruled the day.
Buyers still needed to remain aggressive but they had slightly more leverage as local economic factors made sellers change their pricing strategies. This trend looks to continue in 2017. Please contact me for more details at 415.828.4503
Housing Statistics: San Mateo County Association of Realtors
- We are seeing that the amount of offers per transaction is sharply lower in any cases.
- The delta between list price and selling price is in the single digits versus double digits last year.
- Homes are staying on the market longer than in previous years.
TESTIMONIALVILLE – January 2017
All my colleagues have been talking about their horrendous commutes with all this weather. I have no idea what they’re talking about. Have I thanked for you that recently my friend Dino?
Expired / Cancelled / Withdrawn Case Studies
250 Upland Road – Redwood City
Built in 1948, this 4-bedroom, 3-bath home featured1910 square feet of living space on an enormous 18,900 lot (per tax records).
Situated on an elevated hill on a semi-private road, it also had distant mountain views.The 4th bedroom could also be used as a guest quarters with dedicated entrance.
The property was a bit dated but the upside potential was tremendous. The challenge was finding the right buyer with the vision to see the value and execute a transformation while getting my client the right price.
315 San Juan Avenue
Built in 1975, this 3 bedroom, 2 bath, two-story, 1610 square foot single family home is located on a tranquil, 24,133 square foot lot at the end of a the street. Freshly painted and pampered.
1824 Crater Peak Way
3 Bedroom, 2 .5 bath “duet” with two-car garage. Very well maintained. Approximately $20K in upgrades over recent years including master bath remodel, new kitchen cabinets and appliances.