"...April showers bring May listings and sales. Many sellers are
waiting for the rains to end before putting their homes on the market.
Buyers must be getting water-logged, because they are still out there
in droves going through open houses... Home activity is still constant
and strong. Buyers are also being deliberate with their decision making.
There is no sense of urgency among them.
"...The most active markets for multiple offers still are the
SF Peninsula... several homes in SF had more than 5 offers and two had
8 and 9 respectively. The $700,000 to $ 1million range is very hot in
the City... The high end is alive and well if the properties are priced
competitively......"
"...Overall the market looks poised to take off in the late Spring.
The buyers are there and waiting for just the “right” listings.
Our seasonality may be in flux due to the rains and buyer hesitancy
created by negative media coverage. Look for escrows to grow.
"This week’s numbers are as follows: 11 offices reported
increased listing inventory, 17 steady and 2 decreasing---sales activity
saw 9 offices increasing, 18 steady and 3 decreasing. "
Avram Goldman
President and COO
Coldwell Banker SF/Bay Area
