What we're seeing on our 01.08 Coming Soon List

It’s the dawn of a new decade and the city is buzzing with activity; especially the real estate market.

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As is typical for January in every real estate market across the country, there is an extensive list of homes waiting for the holidays to be over to hit the market. We’re seeing 39 properties coming in the next couple of weeks to months in our small corner of San Francisco; District 9.

More perceptively speaking, there are some incredible options for buyers under the $1M price point - something our city seldom enjoys.

12 of the 15 one-bedroom homes in the pipeline are below $1M, 9 of which are priced at $900,000 or below.

The beginning of the year is an exceptional time to purchase a property for two main reasons;

• Anyone trying to sell a property during the holidays usually needs to sell, putting buyers in the driver’s seat of a negotiation.

• Most buyers wait until Spring to begin shopping for their next move and don’t purchase til Summer.

A buyer gets a deal when they are the saving grace for a homeowner in need, or they off-set the anxiety of an often intrusive showing schedule that open houses can bring about.

Another window of opportunity, for all the deal-seekers out there, is analyzing what homes have been sitting on the market for a little longer than they would have liked to.

As of right now, there are 66 condos in District 9 that have been on the market for 50 days or more. These homes have all listed through the holiday period, likely growing anxious that a buyer actually exists. Psychology plays a huge role in the valuation of real estate, particularly around the holiday season and freshly into the new year. New Year’s Resolutions tend to cause erratic behavior for a few weeks, I wouldn’t be surprised if we see some sales falling outside a typical standard deviation.

To see our comprehensive report on how the market performed in 2019 click the image below.