Luxury Home Inventory Shows Increase to Pre-Holiday Level
The statistics are out from February and looking at luxury homes in all of District 5 (Noe Valley, Buena Vista, Castro, Twin Peaks, Cole Valley, Mission Dolores, Ashbury Heights, et. al.) the real trend is showing up following the out-take of the holidays. For homes of $1.9million and above, the inventory level is returning to the pre-holiday high. There are a number of new listings that have come on the market since the beginning of March and some I know of that still haven’t shown up yet that will take this inventory level even higher. The good news is that the market has improved considerably since last year and there is selection for buyers to look at. We’ve seen, as I’ve noted in earlier postings, that the market is moving with offers coming in quickly for nice properties.
Luxury Homes in District 5 Show Per-Square-Foot Increase Through February 2010
The other bright lining seems to be an increase in the per-square-foot sales price. This one will take another month or so to really bare itself as a truism otherwise it’s a one-off one time statistical blip.
For Sale vs. Sold Statistics for Luxury Homes in District 5 of San Francisco
Days on Market Sales Numbers for San Francisco's Luxury Homes in District 5
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All the Best,
Lance
415-793-6140
