San Francisco, CA (PRWEB) November 27, 2013
Bay Area realtor Tim J. Gullicksen stated that 2013 has been quite a roller coaster ride in the San Francisco real estate market. Prices soared for the first six months of the year, increasing so quickly it was difficult to keep up with them. Adding to the madness is the volatility of mortgage interest rates, with swings up 0.5 percent, which can greatly affect a buyer's borrowing power.
Over the past several months the market has seen furious swings in pricing and activity. The trend lines on Gullicksen’s bar graphs, on a month-to-month basis, look more like a landscape of hills and valleys than a line that points in any one direction. This month-to-month swing is not a pattern that has been evident in past years. Part of this is due to the dramatic political and economic changes seen in the past year. Also, interest rates have edged up a bit, though they remain near historical lows. Psychologically, the tremendous surge in the market over the last two years has left buyers and sellers in a state of disbelief; neither is sure that the trend will continue, nor in whose favor it will turn.
Depending on the month, and the neighborhood, both groups are right. However, while the crystal ball remains stubbornly unresponsive, all should be aware that beneath the monthly ups-and-downs lies a line that trends definitively up. Citywide, the median price for single-family homes is up 21 percent, September over September, with condos lagging behind a bit at 9.2 percent. Overall demand remains spirited with days on the market for both, dropping by over 34 percent.
Gullicksen’s office is located at 2523 California St. in San Francisco. For more information, please visit his website at http://www.timgullicksensf.com, or call 415-674-6500.
<br>About the company:<br>Tim Gullicksen has been a top-producing agent since his first year in the business, and takes great pride in managing every aspect of each transaction. After graduating from high school in the South Bay, Tim earned a bachelor’s degree in political science and history from the University of California-Berkeley. He went on to earn his teaching credential from JFK University in Orinda, and taught kindergarten in the San Jose Unified School District. He brings an educational approach to real estate developed from that background, and sees himself as a facilitator of property transactions.