2005 Buchanan - Two Unit Bldg $995K
There has been an uptick in open house traffic the past few weeks in San Francisco. I’m hearing from a number of agents that they have been quite busy. They are even ‘running out of property statements’ which is an occurrence that happened frequently in the heated market (that is when so many buyers tour the property that there were not enough statements to go around). What’s going on? Buyers are more curious and perhaps more optimistic that they have a real buying opportunity.
My listing at 2005 Buchanan at Pine in lower Pacific Heights is a 2 unit building that came on the market over the holidays for $1.1M. I recently reduced it $105K to $995K. This Sunday, we had over 40 people through the property. That is a record for this listing! Many buyers were simply checking to see what is out there, the others felt that they need to buy now before everyone catches on that now is the time to buy.
Tell me what you are experiencing out there!
