Mike & Oliver 2016 Sold Properties
Mike and I want to thank our clients for trusting us with their business in 2016. It was a pleasure helping our clients reach their goals. We look forward to 2017!
2016 was a year with some ups and, while I wouldn’t call them downs, doubts did find their way into the San Francisco real estate market. The beginning of 2016 started off with a bang with homes being sold quickly, in part due to the continuing low amount of inventory. Summer brought the normal slow down but seemed to dovetail with dampening spirits and there were more properties sitting on the market far longer than expected. We had a few clients take advantage of this by buying homes with little or no competition. It seems unheard of, but one of our clients purchased a home almost 20% under the asking price!
I was asked by clients repeatedly what I expected to see happen with the local real estate market. The answer I had was that doubts had certainly crept into the market but I didn’t see any real data to substantiate a slow down. Inventory remained low and every open house I organized had good turn out. In my opinion, after several years of intense appreciation, the proportion of people who believed the market couldn’t continue as it had reached a threshold where those voices became very loud. The word “Bubble” found its way into most conversations about San Francisco real estate.
It will be interesting to see what happens in 2017. As local experts Mike and I have a deep understanding of the local real estate market, and we are happy to give any insight we can. If you are interested in the most up to date information about our local market give us a call. Let’s Talk!
Mike & Oliver 2016 Sold Property
829 Folsom Street #502 in Yerba Buena
2935 16th Street in the Mission District
2581-2583 Post Street in Lower Pacific Heights
1156 treat Avenue in the Mission District
23-25 Castro Street in Duboce Park
960 Bush Street #213 in Downtown San Francisco
977 Dolores Street in Noe Valley
260 Gold Mine Drive in Diamond Heights
421 Los Palmos in Miraloma Park
738 Long Bridge Residence 915 (The Arden by BOSA) in Mission Bay
1282 Stanyan Street in Cole Valley
726 7th Avenue in the Inner Richmond
55 Conrad in Glen Park
Have questions about what to expect in 2017 give us a call at 415-244-5846 or send us an email through our contact page: Let’s Talk!