Austin KlarVanguard Properties · Lawyer Turned Real Estate Agent

If you Waited to Sell Your San Francisco Home, You're Going to Make A LOT More Money

Name: If you Waited to Sell Your San Francisco Home, You're Going to Make A LOT More Money
Uploaded: 2024-11-28T02:00:31+00:00
Duration: 42 s
Channel: Austin Klar
Description: In this video, Austin Klar delivers a concise market update for San Francisco single‑family homes, emphasizing that sellers are in a far stronger…

28 Nov 2024 · 1 min

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In this video, Austin Klar delivers a concise market update for San Francisco single‑family homes, emphasizing that sellers are in a far stronger position now than they were a year ago. He cites key statistics: over 80% of listings are under contract versus under 50% a year earlier; homes are selling for an average of 108% of the asking price compared to 103% previously; the typical time on market has shrunk to about three weeks. Additionally, the average price per square foot and median sale price have risen each of the past three months, price cuts are less frequent, and inventory is lower, all despite mortgage rates hovering around 7%. Klar concludes by inviting viewers to comment “update” to receive weekly market data via email.

Chapters

If you're trying to sell a single-family home in San Francisco right now, you are in a much better position than you were at the same time last year. Over 80% of homes on the market are getting into contract compared to less than 50% the same time last year. And those homes are selling on average for 108% of list price compared to 103% the same time last year. And they're selling in just 3 weeks. The average price per foot and median sale price are up each of the last 3 months compared to the same 3 months last year. And fewer homes are taking price cuts right now than they were at the same time last year. Plus, there are fewer homes on the market right now for buyers to choose from compared to the same time last year. Time last year. So you're in a much better position right now than you were in last year, even with interest rates still around 7%. If you want weekly market data delivered to your inbox, comment the word update and I'll send you a link.