Will it be a Sweet 16?
If the past 5 years are any indication (they are) there will be continued property value growth with fewer properties traded faster.
San Francisco’s real estate market is just starting to emerge from its hibernation but many folks and agents are still on vacation so it’s still early now but of the properties that have been advertised off-market appear to be picking up where last year’s summer pricing left off — in other words, strong. And despite how last fall seemed to tilt in the favor of buyers, 2015’s figures still showed a pro-seller bias because fewer houses sold for more money in a shorter amount of time. It’s much the same story for San Francisco Condominiums and TIC units: there were fewer sold in 2015 for more money in a shorter time. Take a look at what’s been happening in San Francisco since 2011.
Single-Family Home Sales in San Francisco from 2011 to 2015 (as reported on the MLS)
Condos and TICs Sales Since 2011
Want to see how you’ll fit in the mix? Give Kevin and Jonathan a call today at (415) 297-7462 or (415) 215-4393 or leave us a message here.