Bay Area sees lowest October home sales volume in 15 years - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Economic conditions in September and October continued to nosedive and so did real estate sales in San Francisco. Here's how much they were down in October compared to the previous year.

The Bay Area has just endured its lowest high season in more than a decade. reveals that not only were overall Bay Area real estate sales statistics bad for October, they were actually historically bad. The 11-county greater Bay Area had the lowest number of home sales in October since 2007, Compass Chief Market Analyst Patrick Carlisle said.

Carlisle said unsold inventory is also running much higher for ultra-luxury homes — over 11 months of inventory for listings priced $10 million-plus — indicating the development of a buyers' market in that segment.according to the report The general trend of cooling demand and declining sales extended across the region, Carlisle said, noting that after years of holding the balance of power, sellers have reacted to the changing circumstances with increased price reductions since spring and delisting homes from the market without selling.

"The market is in a state of reset for a new normal. And as always, when we are not in a high market, properties with blemishes whether location, floor plan, etc., can be hard to sell — and need to be discounted below the discount for good properties," said Compass agent Karen Mendelsohn Gould."All of these early sellers are setting the pricing. Now with pending layoffs in the tech sector coming — that could have an impact but I think it will be at least 6 months before we see it.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 78. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

What Twitter's layoffs mean for Bay Area tech workers - San Francisco Business Times'This is going to ripple throughout the tech industry,' says Meredith Firetog, a partner at the lawfirm Sanford Heisler Sharp.
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »

Workers robbed and pistol-whipped in San Francisco market: VideoSan Francisco police said two workers were assaulted and robbed at Stop and Shop Wednesday night in the Mission District. Video shows one of the thieves slamming a worker to the ground and hitting his head with a pistol. Sure am glad the topic for SF politics is vote blue just because Are not these workers allowed to carry weapons for defense. Top 5, pro-criminal activist responses: 'I haven't had a problem. It's Crime-A-Ganda! Copaganda!' 'Kids don't belong in cages!' (if perp is a teen) 'Police & Prisons haven't solved crime. Defund! Abolish!' 'Criminalizing Poverty!' (but victims are often poor) 'Crime is down!'
Fonte: KTVU - 🏆 465. / 53 Consulte Mais informação »