Let the Game of Chicken Begin!

We’ve seen more inventory since the fall selling season began than we have in several years in the city, with the excellent properties still moving at a record pace, and the just decent properties taking longer to sell. What happens now to the fully respectable but possibly not excellent properties is a game of who will blink first– the buyers or the sellers. Will the sellers reduce their price, pull it from the market and re-list in spring, just rent

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San Francisco Market Overview: October 2015

  As we begin the last quarter of the year, change is in the air! First, a surge of new listings hit the market last month — there’s more inventory in San Francisco now than there’s been at any time this year. Just over 40% of those properties for sale are priced under $1M (on par with Zillow’s recent valuation of homes across the city — see how your neighborhood stacks up). Certainly buyer demand is persisting, however competition for any given

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Prices Over the Years: Appreciation & Depreciation in Selected San Francisco Neighborhoods

2 Bedroom Condominiums* Click on the graph* Sales of condos up to a sales price of $2,000,000. New-development condo sales unreported to MLS are not included.** With so few sales in these areas during this period, the median price is not statistically meaningful.*** South Beach and SOMA have been particularly impacted by the large inventory of new-development condos on the market at this time. Average 2-bedroom condo sizes vary by neighborhood. For example, in 2007, Marina 2-bedroom condos averaged 1430

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SF is finally 'officially' a Buyer's Market

Despite month’s of negative news regarding real estate, San Francisco has proven amazingly resilient to price decreases (southern neighborhoods such as South of Market not withstanding) that is, until quite recently. Below is an analysis of Inventory Supply in San Francisco, compiled by Patrick Carlisle , showing a sharp change occurring in the market since September. The changes are particularly dramatic in several neighborhoods that have been very strong sellers’ markets heretofore. By nature, these analyses are snapshots, which can

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