September was booming!
According to Paragon’s analysis of the Multiple Listing Service, it appears that from the Friday before Labor Day weekend through September 30th, something on the order of 910 new-home listings including homes, condos/TICs and 2-4 unit properties came on the market in San Francisco.
Of those homes, a little less than half are reported as either contingent/pending or have closed escrow. In fact, about 80 have already closed escrow. A little more than half are still listed as active. Besides the newer active listings, there are about 210 older listings still current on the San Francisco MLS which were on the market before Labor Day weekend.
This is pretty impressive. Before September, the 2014 month with the highest number of new listings was May with 724. September 2013 had 817 new listings. Those figures are according to Broker Metrics.
Let’s keep something in mind: in all of August, there were 431 new MLS listings. Then, in the first week after Labor Day, more than 200 new listings came on the San Francisco market, with Paragon alone announcing 20 new properties for sale. Now, September typically is the biggest single month for new listings all year, but this is still pretty awesome.
A few words about fall: in my experience, September may be big, but things shut down a bit after Halloween as buyers begin to focus on the holidays and get ready for a bit of winter hibernation. If you’re looking to sell your house, this may the time to act on a little of carpe diem and get things out there before it begins to shut down for the holidays.
Have specific questions? Give me a call!
Dreaming of San Francisco? Cece Blase offers local advice to San Francisco buyers, sellers and owners– and feeds the dreams of those who wish they could live in Tony Bennett’s ‘City by the Bay.’ Call 415-577-0809 or email firstname.lastname@example.org. www.ceceblase.com