Starting tomorrow, and running successive weekends (and one Friday) through December 17, the Great Dickens Christmas Fair & Victorian Holiday Party will be taking place at the Cow Palace in San Francisco. The immersive event, now in its 35th season, transforms the venue into Victorian London with the help of 800 performers dressed in period costume. Also this weekend, on Sunday Pier 39 offers an afternoon of activities and entertainment culminating with a tree lighting celebration at 6PM.
On the “Homes for Sale in San Francisco” front, here’s our report for this week, 11/12/17 – 11/18/17
It’s Price Reduction Season
Very expensive San Francisco homes tend to sell in greater numbers in October, according to a recent SFGate.com real estate report. Homes with a value of more than $3 million made up 17 percent of all sales in October, compared to 10 percent of annual sales.
At the same time, price reductions soar in October and November as sellers with time constraints try to make their homes more desirable and get in a quick sale before they lose buyers to holiday travels.
For example, according to the report, last year there were over 200 price reductions in October and about 140 more in November per the MLS. By comparison, in March, when buying picks up again after a winter lull, there are typically around 50 price reductions reported.