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San Francisco Housing Market – Winter Predictions from Zephyr Real Estate

Comments Off on San Francisco Housing Market – Winter Predictions from Zephyr Real Estate 01 December 2009

Photo Credit: Robert Campbell Photography / Chamois Moon

San Francisco’s infamous Zephyr Real Estate (which happens to be the awesome company where I hang my Realtor hat) released it’s latest SF real estate newsletter.  And so, I’m sharing it with you!  (I’m pretty generous that way!) 😉

Stay tuned for more articles from the best San Francisco brokerage’s newsletter over the next few days

For now, here the winter update for SF real estate:

As usual, the San Francisco real estate market is doing significantly better than the state numbers, or even the Bay Area region numbers would suggest. Sales have been noticeably improving since March and there is no reason to believe that a slow down over the holiday season is anything more than normal and expected.

The negative factors that do impact us include unemployment issues that are being experienced in the hi-tech industries that are located within commuting range of San Francisco. Consumer confidence numbers also appear to be weak.

There is some very good news to report, however. The number of San Francisco properties under contract is up 48% over what we were seeing at this time last year, and the number of closed properties is up 26% over this time last year!

Between buyer incentive programs, exceptional interest rates and great median home prices, there hasn’t been a better opportunity for buyers in recent memory. Since an improvement in consumer confidence only requires us to be optimistic, let’s expect a great Spring for 2010!

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About the Blog


Luba’s San Francisco Real Estate Blog was created to share insights about San Francisco Real Estate and about San Francisco living. Written by Luba Muzichenko, an "almost-native" San Franciscan and a local Realtor® with Zephyr Real Estate, Luba’s San Francisco Real Estate Blog is meant to inform you about a variety of good things and happenings around SF and its unique neighborhoods, about buying and selling homes in the City and about the real estate market in general. If you like what you see, please tell a friend.

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Luba Muzichenko
REALTOR®
Top Producer
Certified Residential Specialist®
e-Pro®
Zephyr Real Estate
415-307-1392 (cell)
luba@zephyrsf.com
www.LubaSF.com
DRE License #01768716
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