Sell Home Fast In San Francisco, CA
The difference between ‘Good' and ‘Great' can be tens and sometimes hundreds of thousands of dollars. Construction costs in the Bay Area rose by 6.7% during 2018, making San Francisco the most expensive real estate market to build in. Typically, increases in demand are met with increases in supply to reduce pricing, but in San Francisco's housing market this is not the case.
Appointments and residential real estate viewings can only occur virtually or, if a virtual viewing is not feasible, by appointment with no more than two visitors at a time residing within the same household or living unit and one individual showing the unit.
The options are more limited for many others, like the unionized Google janitors who make around $26 an hour including benefits, according to numbers labor union SEIU shared with Bloomberg last July If those workers are working 40 hours a week, cash home buyers that would put them at an annual income of around $50,000 a year — a little more than half of what the federal Department of Housing and Urban Development considers to be low income” for a family of four in Google's home county of Santa Clara.
Once the most recent San Francisco tech revolution took hold (after the previous tech boom of the late 1990s) the city's cheapest neighborhoods were suddenly "flooded with a tremendous amount of new money, and prices have gone up exponentially" as buyers seek affordability and convenient locations, says Goodman.
After 2 quarters of no or negative year-over-year home price appreciation, a confluence of positive economic factors sent San Francisco median home sales prices to new peaks in Q2. On a quarterly basis, the median house sales price hit $1,700,000 - $80,000 above the previous peak in Q2 2018 - powered by a monthly high of $1,770,000 achieved in June.
With some of the most unique and colorful homes in the country , the expectations of aesthetics are held to a higher standard in this city, and with such a high cost to own, you need to put the best possible face on your property if you expect to sell your house fast in San Francisco.
San Francisco is out-performing the Bay Area - most of the other counties have seen 3% to 5% declines in median home prices since peaking in spring 2018, while the city saw a new monthly peak in June and a new quarterly peak in Q2. It has been suggested that the differentiating factor in SF has been the high number of large, local, high-tech IPOs occurring this year since early spring.
In the past month, 225 homes have been sold in San Francisco. Realtors expect homes will take longer to sell as a result of the pandemic — 49% of those surveyed expect the average days on market will increase, compared with 12% who said it will decrease and 38% who expect no change.
Wine Country real estate offerings include exquisite properties with acres of vineyards, architecturally unique estates with magnificent views of the valley and extraordinary contemporaries nestled in the mountains and hillsides. City Real Estate is a San Francisco-based, full-service real estate firm located in the heart of The City”.
However, this strategy is often successful because it's common for a home to sell within five days of coming to market as a new” listing. Even in a white hot market like San Francisco, you should expect your property to be thoroughly inspected by tradespeople working for prospective buyers.
Find a great buyer's agent to start helping you as soon in the process as possible—ask for referrals from people you know, interview multiple agents, take the time to find a really competent, trustworthy one, who seems a good match for you. And, in San Francisco's dynamic real estate market, staging is what home buyers expect.