Legacy Real Estate is a Powerful Force on Your Side!
The second half of 2019 has been an exciting one for the Bayview. In Q2 we saw 23 single-family homes sold in the Bayview. Homebuyers were encouraged with the prospect of cheap financing and ample inventory. Sellers benefited from rising home prices and increased interest in the Bayview and developments off 3rd street. As a result, homes sold on average 10% over the listing price. The price per square footage reached $660 per sqft and the median home price reached $954,000.
As we examine Q3 single-family home sales in the Bayview, we see some significant changes. The number of homes sold dropped more than 50% from the previous quarter. Typically, with fewer homes sold and fewer homes on the market home prices go up. That is precisely what happened. The median home sale price crossed the $1 million mark. Price per square foot also increased reaching $708 per sqft. On average, buyers are bidding 14.88% over listing price, up 4% over the last quarter.
As we look toward the end of 2019 we continue to see a favorable market. The IPO season continues to create new wealth and sellers will see the value of their properties climb. The Bayview neighborhood shows all the right indicators that home prices will continue to increase toward record highs during the remainder of 2019.
Jennifer Burden and Carren Shagley love and understand the nuances of Bayview real estate unlike any other. Carren graduated from UC Berkeley in 1973 and has called San Francisco home ever since. Jennifer has fond memories of growing up on Bernal when many of the streets remained unpaved.
Fast forward and the real estate duo are Bayview community members and homeowners. For some of their favorite Bayview locals check out Jennifer’s blog post.
In turn, Legacy Real Estate has helped many Bayview buyers and sellers achieve their homeownership goals. In the last year and a half Legacy Real Estate client’s homes were on the market for as little as 11 days and secured a healthy 17.5% over the listing price. If you are thinking of buying or selling in the Bayview and San Francisco or if you know someone that is – be sure to ask for references or check out our 5-star reviews.
As one of the most experienced real estate teams in the Bayview, Jennifer and Carren know how important it is to understand the local market dynamics. In an environment such as the present one, in which homes go quickly and prices are rising, buyers and sellers need the expertise of the most skillful agents to navigate the local market waters with the most up to date information.
We stand by our work and our commitment to helping our community reach their goals of homeownership. Reach out to us today with any questions and find out for yourself why so many others have put their trust in Legacy Real Estate.
You’ve got questions and we can’t wait to answer them.