Local agents provide Homes.org with insight on the health of the San Francisco real estate market and offer buyers advice on how to compete with investors who are becoming more active in the area.
San Francisco, CA (PRWEB) December 03, 2011
Up and coming real estate search website Homes.org recently interviewed agents and other professionals in the San Francisco, CA area to provide their readers with analysis on how that market is performing. Like many other areas in the country, right now in San Francisco, CA “the real estate market is great for buyers with interest rates and pricing so low,” Elisa Uribe, a Realtor® with Wells and Bennett Realtors told Homes.org. A recent report from DataQuick supports Uribe’s statement showing that in October the median sales price dropped slightly compared to the same time last year, however, the number of home sales saw a significant boost of 5.3% in the Greater Bay Area.
A number of publications, including Business Insider and DailyFinance.com, have listed the San Francisco as one of 2011′s best real estate markets. The increased activity suggests that people have taken notice. “Today’s buyer’s include investors and you will start to see more investors enter the market next year,” says Uribe. “And as a buyer you will have to compete against all cash offers so it’s best for buyer’s to get their team in place so when they find the house they are looking to buy, they feel comfortable with the agent and lender representing them.”
San Francisco Real Estate Market October Statistics and Analysis
County: San Francisco
Zip Codes in the City: 94101-94112, 94114-94147, 94150-94170, 94172, 94175, 94177
Population (city and county): 805,235
Total Households (2005-2009): 324,185
Median Home Value (2005-2009): $781,500
Median Sales Price in San Francisco: $635,000
Median Sales Price in Greater Bay Area: $350,000
Homes Sales in San Francisco: 448 homes sold
Homes Sales in Greater Bay Area: 6,444 homes sold
Foreclosures: 1 in 880 ( County)
Renters vs. Owners: 62.1% vs 37.9 %
Type of Home:
14% Single Family
6% Condo
80% Other
Popular Neighborhoods Seeing Improvements:
- Balboa Terrace
- Forest Hill
- Forest Hill Extension
- Forest Knolls
- Haight-Ashbury
- Hayes Valley
- Ingleside Terrace
- Lower Pacific Heights
- Russian Hill
- Sunset District
- Twin Peaks West
- West Portal
- Western Addition
- Westwood Highlands
- Westwood Park
To learn more about homes for sale in San Francisco, CA, please visit: www.Homes.org
About Homes.org
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.
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For the original version on PRWeb visit: www.prweb.com/releases/prwebsan-francisco-real-estate/market-update/prweb9008006.htm
Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/03/prweb9008006.DTL