As one editor expressed it, “This year has been a dumpster fire that makes us feel foolish for all the other times we whined about what a lousy year it was.” A definite glimmer of hope has consistently been the real estate market. Looking at the statistics available for single family homes from September in San Francisco, we can see that it continues to be a positive factor in an otherwise depressing collection of news:
All Properties for sale:
Overall inventory currently is about 4 months, making it still a Seller’s market. Once we reach 6 months of inventory, the market will turn to a Buyer market.
Out of the 228 houses sold in September 2020:
From this data we can surmise that there is still a demand for homes in San Francisco, despite the working-from-home phenomenon. The accumulated equity in these homes might prove to be the incentive needed to purchase a second home or a future retirement property.
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Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099 www.sunpacificmortgage.com.
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