San Francisco, CA (PRWEB) March 18, 2014
Top Bay Area real estate agent Tim Gullicksen has noticed an increase in housing prices to start off 2014. Gullicksen attributes this rise to high demand during a time of low supply, as well as cheap credit and a steady flow of cash from buyers.
For those who thought that the skyrocketing prices of 2013 couldn't continue to increase in San Francisco, welcome to 2014. High demand, low supply, lots of cash and cheap credit have all contributed to San Francisco’s continually increasing housing prices.
In 2013, San Francisco not only recovered from the Great Recession’s trouncing of housing prices, it exceeded them. Last year’s median home sale price of $915,000 passed the previous peak of $895,000 set at the height of the pre-financial crisis market in 2007. (The median marks the midpoint in the range of home prices.) San Francisco's median price is more than double the state's average.
Gullicksen attributes these impressive figures to the appetite for residential property from a whole slew of enthusiastic prospective buyers. From overseas folks looking to secure a place in the city, to empty-nesters looking for a more vibrant, walk-able lifestyle, to young, well-paid techies, there are a lot of wonderful people who'd like to get a piece of the San Francisco real estate pie.
Inventory remains slender. Gullicksen theorizes that move-up buyers who are ready and willing to sell their first homes feel stuck because there are so few properties for them to buy. San Francisco, and the immediately adjacent areas, offer few options for easy relocation, so sellers are reluctant to leave their homes.
For real estate transaction in the San Francisco Bay area, trust an agent with experience, professionalism, knowledge and plenty of connections. Contact Tim Gullicksen by calling 415-432-2131, visiting http://www.timgullicksensf.com or stopping by his Pacific Heights office.
About the company:
Tim Gullicksen has been a top-producing real estate agent since he first entered into 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. For more information, visit his website at http://www.timgullicksensf.com/.