M A Y    U P D A T E

inventory in San Francisco remains tight. The median sales price climbed 6.2 percent to $1,115,000 for single family homes, while Condo/TIC/Coop saw an increase of 17.4 percent to $1,100,000. Months Supply of Inventory, which looks at how long it would take to sell all of the active inventory given the current pace of sales, decreased 13.3 percent for single family units and 23.5 percent for Condo/TIC/Coop units.

The City is capitalizing on multiple industries:  tourism, biotech, tech, and social media, among others, companies that are generating significant and real cash flow, which was not the case in the past.  Mid-Market Street revitalization is in full swing, while 30+ construction projects can be seen all over the City. San Francisco is a "Power Center," a city where we enjoy an influx of well funded buyers who are confident in real estate.  Four powerful streams fuel the continued surge:  international buyers seeking "safe-haven" investments, empty nesters downsizing from the suburbs, aggressive hiring from Silicon Valley and City companies, and newly-minted executives.

San Francisco’s strong real estate market does not appear to be weakening. Home prices will likely continue to rise moderately. As one of the nation’s most popular relocation destinations due to a booming regional economy, San Francisco will continue to provide plenty of opportunities for both buyers and sellers.
If you're selling, positioning for more than 1 offer is key to attract buyers who are committed and highly motivated.  Pricing makes a difference.  Staging is critical.  The goal is to create multiple offers that drive the value of your house up.  We are in an "auction market," where buyers influence where prices go.
If you're buying, be prepared to compete in this sellers' market.  Your lender relationship and being ready to act immediately are crucial.  Let me start the search for you.  Planning ahead is key to your real estate success.  Now is the best time since the Lehman Brothers collapse.

Are you considering a move or a vacation home?  I can introduce you to prequalified agents in just about any area:  from Sonoma to Santa Fe, Sea Ranch to Southampton, Montecito to Miami, Palm Springs to Palm Beach, the Sotheby’s reach extends far.

Whether augmenting your portfolio with a new primary residence, a vacation property, or investment property, let's discuss your situation and help you reach your goals.  The real estate business is about building relationships with partners you can trust.  Real estate is not a job but a lifestyle; it's what I do and love to do each and every day.

Inviting.  Discreet.  Savvy.  Refined. 


SIR logo.GIF

This Web site is not the official Web site of Sotheby's International Realty, Inc. Sotheby's International Realty, Inc. does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this Web site.