The Gullicksen Group Explores San Francisco's Housing Price Trends

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San Francisco housing prices are starting to flatten, and Tim Gullicksen explores why.

After three years of dizzying price increases, it seems as though the San Francisco market has reached a plateau. Tim Gullicksen of the Gullicksen Group has shared with homebuyers, shoppers and others throughout the Bay Area that now is the time to check out the housing market, as prices have settled for the first time in months. Condo prices in the second quarter of 2016 are unchanged from a year ago, and the median single family price rose just two percent (Bloomberg.com June 17, 2016).

This slight increase is rare for the Bay Area and those who are shopping in the market are encouraged to take advantage of this rarity.

Housing inventory remains quite low, so demand is robust, but the mania of ever-increasing values has subsided. The buyers that Gullicksen is currently working with are very pleased that the market is stopping to catch its breath, he said. The prospect of a period of flat values is welcome news to them.

The cooling off appears to be more pronounced in the higher end of the market. Those looking to spend $1.5 million or less should expect to see multiple offers, as well as overbidding. The difference now is that the recent comparable sales are a good indication of what the home should sell for.

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 credentials 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/.

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