San Francisco, CA (PRWEB) November 30, 2016
The real estate market has been unpredictable in the past year due to concerns about the effect anticipated increases in mortgage interest rates might have on the market, as well as pre-election and post-election jitters. Many realtors and brokers, including those at The Gullicksen Group, have noticed condominium prices have barely increased at all this calendar year in San Francisco. The market’s shakiness and uncertainty is resulting in more transactions than usual falling out of escrow, and that is just what happened to the Pano View property. The Gullicksen Group's Pano View listing at 1136 Green St. in Russian Hill recently came back on the market as a result of the market’s climate.
The Gullicksen Group has noticed transactions fall out of escrow when something goes wrong with the terms of the purchase contract as negotiated. This happens in all kinds of areas, not just real estate in San Francisco. One of the affected properties is the condominium on 1136 Green St., which is a two-bedroom unit with a den and one-and-a-half baths. The flat is 1,450 square feet and has a 97 Walk Score. The building sits a full floor higher than its neighbor to the west, and there are windows all along the sides of the flat with views of The Palace of Fine Arts, Golden Gate Bridge and beyond.
This property is just one example of how an escrow can change the status of a listing and impact the market. San Francisco has seen an increase in properties that have been freed up due to escrow changes and concerns about the stability of the market.
Learn more about how tensions in the San Francisco Bay Area real estate market have made an impact on local listings by contacting The Gullicksen Group.
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/.