The Sound of Money-

July 7, 2009 · Leave a Comment 

Filed Under Market Update

That sound you hear in San Francisco may be that old familiar ching-ching cash register sound of real estate sales. Recent market activity brings new life and new money to the San Francisco market. Sales across the board have increased dramatically. Multimillion dollar listings in Pacific Heights, Presidio Heights, Noe Valley, Cole Valley are now moving out of the for sale status and into the pending and closed sale status. Properties priced under $1M are receiving multiple offers and selling in one to two weeks in many areas.
Buyers are selecting good, well priced property in desirable neighborhoods. Condominiums are also selling well. The slowdown in multi-unit purchases and TIC units has even seen an uptick in market activity.
What is unusual with this market is that sales usually slow down in late June, July and August.
So maybe we are experiencing a market recovery? In any event, the sales just keep on coming and that means there’s money in circulation and there’s still life in the real estate business. Let’s hope interest rates hold stable. From more detailed informantion on specific areas and general market conditions check out .

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  • Tom Carlson
    Real Estate since 1980
    Broker Associate

    Pacific Union International
    601 Van Ness Ave, Suite S
    San Francisco, CA 94102

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