Sign up for our monthly Newsletter!
Get the latest insights on the San Francisco Bay Area real estate market delivered monthly. Or read the past issues here.
January 2012
Real Estate Cycles and Turning Points
One of my long term San Francisco clients made a very wise comment to me in 2009. I was helping them look for a specific type of condo in Pacific Heights in a very specific price range, after we sold their place that wasn't their perfect home. At that stage we had already been looking for two years and according to the market 'facts', what they wanted should have been readily doable. They were realistic in their expectations, willing to compromise on things like an in-unit laundry due to the older period style of home they loved, and highly qualified to buy. One day in passing, Tom wisely noted that the really good properties, the ones that everyone wants for any number of reasons, rarely come available at dramatically discounted prices, because any seller in San Francisco who can, will hold onto their property until the market recovers. They did finally find their home at a great price last year (due to the seller being relocated and not interested in being a landlord), but his comment always stuck with me because I recognized the truth in it.
Read past newsletters
- January 2012
- April 2011
- March 2011
- February 2011
- January 2011
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- April 2010
- March 2010
- February 2010
- Janurary 2010
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
