Hi friends,
In cooler climates, you might not buy a home in the winter.
There’s ice and snow… it’s a whole thing (or so I’m told). ❄️
But here in the temperate Bay Area, home sales never really stop — and the smaller pond of winter real estate often presents unique opportunities.
For homebuyers, these may come in the form of reduced competition, fewer bidding wars, and more room to negotiate, all of which can translate to a better deal. It’s a great time to take another look at homes still on the market.
In each of the last 10 years, January has seen the lowest percentage of homes sold for over their list price in SF. This reflects the stronger position for buyers in December, as sales trail offers accepted in the previous month.
That said, not every December listing is a distressed seller looking to make a deal. Even in the slowest months of most years, a full half of San Francisco listings still sell for more than their list price.
Whether you are looking to make a move now, or just making plans for next year, you may find some useful info in my latest webinar on the market and mortgage lending. Click here to check it out!
As always, please don't hesitate to reach out with any real estate questions. We are always happy (and grateful!) to help you and anyone you send our way!
Warmly,
Our latest newsletter included the following stories. To get it all fresh in your inbox, subscribe below!
KQED: What the infrastructure bill will help fund in California
SF Chronicle: After years of contentious housing battles, S.F. poised to take ownership of 'Monster in the Mission' property
SFGATE: Here's why you may have seen enormous bugs in the Bay Area recently
And from our blog:
WEBINAR: Mortgages & The Market: Past, Future and Lending Tools
MARKET UPDATE: San Francisco Real Estate November 2021
VIDEO: Making Sense of Underpricing in San Francisco Real Estate
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