San Francisco Q4 2015 Market Report

I am pleased to present the San Francisco Q4 Real Estate Report for your review. This report’s data reflects the expected end-of-year seasonal slowdown as well as a continued shift toward more ‘balance’ in the marketplace. The current demand for inventory supports assertions of a stable market, if not as seller-centric as the past few years. Another ‘element’ to keep in mind for the new year in San Francisco real estate– snow! It is not necessarily the rain, but the draw to the snow that distracts a significant portion of the buyer pool during this season. And another local phenomenon should be strongly considered: The Super Bowl. Many high end homes have been withheld from the market in favor of high seasonal rent during this special event. I would expect more inventory, particularly in the luxury sector, to open up after the last confetti has been cleared from the Market Street festivities. 

Sellers can still enjoy the appreciation garnered from the past few years’ run-up. Buyers should enjoy (still) historically low interest rates, but the new Consumer Financial Protection Bureau measures may lengthen the lending process, creating longer closings than we’ve become accustomed to in our fast and furious marketplace...View Full Report

Posted on January 25, 2016 .