Asking Prices in San Francisco- Over, Under, Round About?

Reblogger
Real Estate Agent with Hillscape Properties, Inc. DRE#01452976

This provides a great overview of the current market conditions in the City overall.  Digging into the neighborhood numbers is essential when you are looking to list or buy.  The Marina has increased over 30% this last year according to Zillow.com, whereas Noe has increased 22%.

Original content by Simone Koga

Is Everything Selling Over the Asking Price?

 No, of course not: not all listings are selling for over list price. Some homes still go through price reductions and some don't sell at all, but it is true that a large percentage of SF listings is now selling for over asking price and sometimes far over. This is especially the case with houses, where 1 in 4 sold in the past 2 months went 10% or more over the list price. (Note: Homes selling for within a quarter percent of the list price were considered to have sold AT asking price.)

Over Asking Under Asking Offers

The chart below shows the dramatic increase in median home prices in 2012.

 

Interested in learning more about San Francisco real estate?

Contact me!

Simone Koga | Paragon Real Estate Group

1400 Van Ness Ave. | San Francisco, CA 94109

415.706.1586 | Simone@SimoneKoga.com

DRE#01897985

Interested in learning more about San Francisco real estate?

Contact me!

Simone Koga | Paragon Real Estate Group 1400 Van Ness Ave. | San Francisco, CA 94109 415.706.1586 | DRE#01897985 www.simonekoga.com

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Comments (3)

Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Welcome to Activerain and I hope you are learning a lot and if you ever need any assistance, don't hesitate to check out my blog, email me, call me, I will be glad to help you in any way possible. Also, check out the main page of Activerain and look for the Activerain University tab, there are lots of educational webinars to help you build your business.

Mar 11, 2013 11:17 AM
Melanie Narducci
Hillscape Properties, Inc. - San Francisco, CA
Your San FranciscoBay Area Real Estate Expert

Thanks, Todd!  I'm slowly getting up to speed.  I certainly appreciate the encouragement!  Cheers, Melanie

Mar 18, 2013 09:12 AM
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Melanie, I wish to welcome you also to our Active Rain Community. Thanks for subscribing to my blog. You have made a great decision by joining Active Rain. I am sure you will have a lot to offer in the Bay Area on the West Coast. We are here to help if you need us.

Enjoy this Easter Weekend!

Mar 27, 2013 11:12 AM