It’s a good time to officially acknowledge what’s been going on in our local real estate market, now that we have the first half of 2012 in the bag.
The San Francisco market has intensified since earlier this year, with buyers experiencing multiple-offer situations and properties going into contract within days of hitting the market. Continued job growth in the tech sector and historically low interest rates are fueling this activity, and there’s a palpable optimism out there that didn’t exist in 2011. The competitive market is most suited to buyers who are consistently looking at properties and actively writing offers which are frequently above the list price. Continue Reading