Weekend Events and the Weekly Real Estate Update

St. Patrick’s Day isn’t until March 17, but San Francisco’s 166th Annual St. Patrick’s Day Parade and Festival takes place this Saturday. The next day, Sunday Streets kicks off its season on Valencia Street in the Mission with car-free fun from Duboce to 26th Street.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 3/5/17 – 3/11/17

The inventory of homes for sale in San Francisco is up as you would expect in March, as we begin to enter the spring selling season. However, as SocketSite.com points out, you need to look at the numbers to see the true picture.

Overall, inventory is up 13 percent over the past two weeks, the highest total at the beginning of March since 2012. That certainly sounds promising for an inventory-starved market. However, a closer look reveals that property type needs to be considered when assessing current market conditions.

In fact, the number of single family homes currently listed for sale in San Francisco is running 5 percent lower versus the same time last year, while the number of condominiums listed for sale is 26 percent higher. So once again, when you hear reports or see headlines, it’s important to take a look at the whole story in order to get a true sense of the market, and what it might mean for you as a buyer or seller.


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