Part One - Wait and See or Get-in Now?
If the steady stream of visitors at my Open House on Sunday on Telegraph Hill in North Beach
was any indication of how the real estate market is in San Francisco, maybe Buyers are finally realizing that it may be a really good time to get back in .
The old adage “Location, Location, Location” has now been replaced by “Price, Condition, Location”. And the Buyers out on that warm sunny afternoon checking out the inventory knew the new mantra.
Maybe these potential Buyers all came up the Hill to see me on Sunday at my Open House because of reading the Ben Stein article Gloom Sayers Should Look Up in the Sunday New York Times while slipping a café latte out in front of Caffé Greco before strolling up to Caffé Trieste to chat with the die hard locals over an espresso. Maybe it was then that these potential Buyers on that Sunday morning thought to themselves, “Let’s give it one more try.” If they were really going to be a part of this neighborhood, they wanted to own apart of it too.
So I imagined, out in front of Caffe Trieste, they got down to business circling the open houses in the Sunday Chronicle’s Open Home Guide. Having done this drill before, these Buyers knew to look under both North
In the North Beach section of the Guide, there were 8 properties that were open for viewing that ranged in prices from $539,000 for a one bedroom condo to $1,799,000 for 2 units on Washington Square.
And in Telegraph Hill section of the Guide, there were 7 properties open that ranged from $419,000 for one bedroom Tenants-In-Common (also known as a TIC, I’ll explain this type of ownership in another article) to one of those “ essence of San Francisco” view homes that I was holding open for $3,695,000 (4+ bedrooms and 4.5 baths with a rare 2 car garage on Telegraph Hill) with fabulous views of Nob Hill, Russian Hill, and the Golden Gate Bridge (similar to the view I have in one of my sanfranciscorealestateproperties.com website’s rotating header pictures).
Continue on to “Part Two- Wait & See or Get In Now?” to determine what is right for you.
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Ann Scherbert, 25+ Years in Real Estate – MA, CRS, PNM, GRI , Direct:
October 25th, 2007 at 11:58 am
[…] Search sale wrote an interesting post today onHere’s a quick excerptPart One - Wait and See or Get-in Now? Oct 22, 2007 by Ann Scherbert, Coldwell Banker in San Francisco, Real Estate, City Living If the steady stream of visitors … on Washington Square, San Francisco, CA was any indication of how the real estate market is in San […]