Look Out Below?
Tales from the Front: San Francisco Real Estate Market Getting “Interesting”
San Francisco, CA (PRWEB) November 7, 2005 -- Some San Francisco real estate agents can literally feel the market changing these days. The “tour sheet,” the weekly list of new properties available for agents to preview, has jumped from an average of 20-25 to almost 50 pages—and some agents are beginning to feel the weight.I don't think it remains to be seen at all. It's a brutal fact of markets: When there's less money chasing more properties, prices fall. That's just the way markets work.“For reasonably priced properties, the market is still strong- right now,” notes Michael LaPeter, a San Francisco Realtor® who currently has listings in both South Beach and the Inner Mission District. “On the buyer side, I’ve got clients who are still competing on single family homes against multiple offers.” As the inventory increases, however, it remains to be seen how many buyers will be left.