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« Another great chart | Main | The last of the great graphics » July 02, 2008Gossip from the Big CityI’m just back from my almost weekly meeting with the power brokers of San Francisco real estate, and here’s what I’m hearing... It’s been a pretty typical summer...Homes are going into contract, but “people are taking their time.” “There’s a lot to choose from and even for those buying on the higher end it’s now a bigger decision.” Buyers looking in the four-to-five million dollar range are described as cautious due to stock market concerns and general uncertainty about the economy...That translates into slower decisions about buying homes. Clients looking at homes for under one million are taking their time... There are a lot of homes on the market in that range... But they are cautious too and don’t feel pressure to buy. On the North side of the City business is still good for sellers who price appropriately. People selling their homes have to: they are moving for work, they aren’t looking to trade up, so they have to price fairly. Most agents expect a huge inventory boom in September... Here are two sales worth mentioning: In a private sale Malin Giddings closed the penthouse at 974 Green Street for $5,000,000
Posted by Jeff Brooks on July 2, 2008 07:37 AM | Permalink TrackBackTrackBack URL for this entry: |
