900 Clayton, San Francisco, California

Yesterday was Brokers’ Tour and the market in San Francisco’s more desirable districts appears very strong. The strongest seems to be Noe Valley/Castro/Upper Market and related areas. 900 Clayton asking $2,239,000 was first shown on Sunday’s open house and by last night had 2 offers and was ratified. The house has an interesting history. The sellers bought a new home and moved to Sonoma in 2008. This house went on the market the day Lehman Brothers fell apart and was quickly withdrawn. The sellers thereby waiting (to their benefit) to put it back on the market once the economy had regained its footing.

Today was the sales meeting at my office and agents reported heavy Sunday open house traffic throughout this district.  The inventory has gone up. Yesterday, there were at least 9 new homes in the $1.2million+ category. This should give buyers a selection of properties to see this coming weekend. And, we’ll measure the results.

I should have access to February’s statistics tomorrow and will post those but it seems things are pointing up at this stage.

I’ll keep you posted….

Lance

415-793-6140