Market Update

Why San Francisco is a Buy Now Market

June 15, 2022

Believe it or not, the spring market is already on its way out the door and the summer slowdown is upon us. We are already gearing up for fall listings and beginning to prepare properties for the limelight. Meanwhile, the market is changing swiftly and we are here to fill you in on what's really going on in the San Francisco housing market.

To put it simply…

We’ve seen a swift softening of the market over the last two weeks. Rising interest rates combined with dips in the stock market, hiring freezes and the ongoing war in Ukraine have some buyers pressing pause on their searches. However, inventory remains tight and we firmly believe that properties that show beautifully and are priced well will continue to sell. 

SELLERS: Investing in making your home shine is more important than ever. When markets shift, sellers tend to want to minimize the prep and list quickly, but if you can stomach the waiting game and trust our team to make your home look beautiful, you’ll stand out from the crowd and make sure to get the highest price. 

BUYERS: If you've lost out recently, don't give up. Much of the overall buyer pool is just as tired from the ultra-competitive early spring market and with many San Franciscans checking out for the summer, you might have the upper hand. We’ve seen some price reductions and good opportunities out there for the first time since March 2020. 

For an in-depth look:

Every decade, the Bay Area sees something affect the housing market in ways no one could have imagined: The ‘89 Quake, the DotCom bubble, the housing crisis, the pandemic. Although these events are unpredictable, the San Francisco market response
is remarkably predictable.

With each event, the most expensive regions in the Bay Area (and across the country) have the smallest window of depression and the fastest rate of appreciation. After the subprime housing crisis, the highest priced homes in San Francisco County saw less than half the crash the rest of the market experienced. This was followed by ​​​​​​the fastest appreciation
in the Bay Area.

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