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San Francisco Market Update

You have been reading lots of press that the San Francisco Market is not very good. If you read through top the end of most of the articles you will find an admission that the SF market is defying what is going on in the rest of the county. San Francisco is still strong market in many areas.

Real Estate sales figures tell a very different story than most of the doom and gloom headlines generated by editors who want to sell newspapers.

The last week of October 2007 shows the following results,

Single Family Homes
1. 26 sold for more than list price
2. 12 sold for over asking price
3. 6 Single family homes sold for asking price
4. 12 single family homes sold for less than asking price.

Condo/TIC and Lofts
1. 18 Sold for more than list price
2. 12 Sold at list price
3. 13 sold for less than list price

There have been multiple offers on many of these sales telling a story that well priced homes in good areas are being picked up quickly.

Broker & CPA: Ron Parks
Telephone: 415-297-9000

Licensed by the California Department of Real Estate.
Broker's License: #01524550