Home Prices Still Low But San Francisco Real Estate Market On Road to Recovery

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San Francisco foreclosures are up and home values are lower than what they were at their peak, but the city’s real estate market is proving more resilient than that of other areas, according to real estate expert Debi DiCello.

Debi DiCello

Foreclosures in San Francisco went up in 2010 and the median sales price of homes here remains low...

Notwithstanding the rise in foreclosures and the dip in median home values, the San Francisco real estate market is doing quite well, according to seasoned Realtor Debi DiCello. A specialist in Presidio Heights real estate and properties in the city’s most sought-after neighborhoods, Debi DiCello has long been monitoring market trends throughout San Francisco and remains confident that the housing market here will bounce back more quickly than that of other areas.

“Foreclosures in San Francisco went up in 2010 and the median sales price of homes here remains low,” she says, “but we still have one of California’s lowest foreclosure rates and the number of home sales has been rising recently. December 2010 saw a 4.4 percent increase in sales activity and there were more home sales in 2010 than 2009. All this indicates that homebuyers are regaining confidence and that the market is on its way to recovery.”    

Debi DiCello also advises homebuyers to seriously consider making a move now before home prices start climbing back up. “If you’re thinking of investing in in-demand properties like Presidio Heights or Cow Hollow real estate, it’s best not to wait out the market,” she says. “Good deals in these neighborhoods are far and few in between even with today’s economic climate.”

The founder and Director of the Premier Property Group at Sotheby’s International Realty’s San Francisco office, Debi DiCello has been specializing in Pacific Heights real estate and other distinctive San Francisco homes for more than 30 years. A Bay Area native, she also offers extensive knowledge of the area and its real estate opportunities, as well as access to exclusive listings.

For more in-depth information on the real estate market and Debi DiCello’s wide range of choices, visit her website, http://www.DebiDiCello.com.

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Debi DiCello
Sotheby's
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