Weekend Events and This Week’s Real Estate News

Friday-BannerThis weekend is Oktoberfest, a celebration that brings the spirit of Munich, Germany to the City by the Bay with tasty German fare, lots of great German beer, Bavarian dancing, and authentic German “oompah” music from 21-piece Chico Bavarian Band. For more info click here.

Also happening this weekend is Llama Palooza! Experience a fun outdoor party on Crissy Field with DJs and food trucks. But most importantly you’ll get to hang out with two Llamas (Coto and Paxi) who are in SF this weekend so you can take selfies with them. For more info click here.

—————————————————————————————————————

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 9/20/15 – 9/26/15:

One of our favorite real estate consultants, Carole Rodoni, was in our office again the other day, talking about the market. She pointed out that while in general the U.S. economy continues to recover, in Silicon Valley and San Francisco, the revolution continues. Service and customization are keys now for business, and our area is reinventing industries with these two factors in mind. Consequently, we now have the highest median income in the world. She says that unfortunately, affordability has always been a problem in San Francisco, and it will continue to be so.

Her near future predictions? Our local real estate market probably won’t change much, but perceptions might. Buyers are going to be a bit more hesitant, especially at the higher end. Stock market setbacks are partly to blame. Some sellers, meanwhile, were carried away by recent price gains, and now we’re seeing some price reductions at the top because they shot too high at the start.

Nevertheless, there is still tremendous buyer demand in San Francisco, as buyers continue to seek homes in the zip codes they desire, in order to enjoy what for them would be the perfect lifestyle.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s