You may have noticed an uptick in new San Francisco listings over the past week. Spring has officially arrived, bringing with it a crop of buyers and sellers who are ready to do business.
I’ve been selling real estate in the city for more than 15 years, and the same thing happens every year: Homeowners rush to put their homes on the market to capitalize on the April-May-June sales sweet spot, and new buyers wade into the market.
Why does this happen annually? For one thing, home buyers finish their taxes and get on solid financial ground. It’s also a lot more fun to look at houses in nice weather. Home sellers get themselves sorted out after spending the winter getting details in order. In the case of 2018, they’ve undoubtedly been looking at first quarter sales and have decided to ride the wave of a market that’s squarely in their favor.
There are 168 single-family homes, 267 condos (not including new construction units not listed in the MLS), 34 TICs, and 91 two- to four-unit buildings as of this morning. Expect those numbers to increase in the next day or so as the new listings for the weekend hit the market.
And for all you buyers and sellers out there, here are a few quick tips to get you going:
Buyers: Get your loan preapproval in order before you wander into the open house circuit. Talk with your agent about the best strategies for making your offers as competitive as possible. There’s no point in writing offers unless you can compete with all the other buyers who want the same thing you do.
Sellers: If you’re thinking you want to be on the market between now and June, it’s time to get busy. Clearing out your house, packing up and having prep work done all takes time. Hire your real estate agent, like, next week and get the ball rolling. (Don’t hesitate to give me a shout at 415.823.4656 | firstname.lastname@example.org if you’d like to work together. I swing into action quickly.)