Dear Abien,

I agree with the others. Having grown up in San Francisco and been a realtor for 20 years, I can tell you that St. Francis Wood has always been a good place to live and one that is considered upscale. With lower prices and lower interest rates, now is the time to buy.

As Shaban pointed out, there number of homes selling in that area has not been all that different over the years. I think that, until we know why all are being sold, we can just chalk it up as a sign of the times that they are all on the market right now. Several of them need a reality check for prices so have your Realtor talk with the Listing Agents first to get an idea before you make an offer.

Good luck,

Sally

Beautiful part of SF. If you can buy there, do it.

TA

I agree it is a good time to buy, particularly in St. Francis Wood. You get more for your money now with incredible financing available. 11 homes on the market in St. Francis Wood is not that much higher than past years. Last year at this time there were 12 listings there, 8 in 2007 and 9 in 2006.

Yes it is. THe higher price point is taking longer to sell because of a restriction on capital and access to loans in the amounts needed to buy there. Another factor we are seeiong is people are losing jobs, getting cut back and moving to other parts of the country to work.
So you have homes stating on the market longer and people moving around due to economic turmoil hence the number of homes on the market. Will it be enough to put downward pressure on prices? Depends on the need level of the sellers.
It is a very good time to be a move up buyer. Selling a home in a moderate priced neighborhood where borroweres can access the higher loan limits and using the equity to buy in the Wood is the ticket.