Is the January Bump Back in the San Francisco Real Estate Market?

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More buyers than sellers in a healthy real estate market causes what some agents call the “January Bump.” No bump occurred in January 2010, but early signs indicate it’s happening right now.

San Francisco REALTOR

Tim J. Gullicksen is a San Francisco Real Estate Agent at Zephyr.

I wrote an offer on a...home...in the Excelsior District, and within hours of receiving our over-asking-price offer, they received two other over-asking-price offers.

In years past, when the market was stronger, there was a “January Bump” in the San Francisco real estate market. The surge in activity occurred as droves of buyers came back to the market after the holiday season, while sellers lagged behind.

This meant there were more buyers than property listings, and competition ensued. Last year the San Francisco real estate market didn't experience a January bump, but there are early signs that one is happening right now.

“I wrote an offer on a $399,000 single family home with some buyers in the Excelsior District, and within hours of receiving our over-asking-price offer, they received two other over-asking-price offers,” said REALTOR® Tim Gullicksen of Zephyr Realty on California Street in San Francisco. “And this was the first day the home was on the market!”

Gullicksen also had a condo in the Mission where the listing was withdrawn in the fall after 68 days on the market. He brought it back on the market on January 16 and had over 100 people walk through the Open House. Gullicksen passed out five disclosure packages at the Open House and received four offers over-asking-price within 24 hours.

“Those considering listing their properties this year should strongly consider listing them now before more homes go on the market,” said Gullicksen. “It’s simple supply and demand, and it truly looks like the demand is there now.”

For more information about the “January Bump” or any of Tim J Gullicksen’s services, call him at (415) 655-1588 or view him on the web at http://www.timgullicksensf.com.

About Tim J. Gullicksen
Tim J. Gullicksen is a San Francisco Real Estate Agent who specializes in a broad spectrum of property types from affordable units sold through the Mayor’s Office of Housing to multi-million dollar buildings and single family homes.

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Tim Gullicksen
Tim Gullicksen Zephyr Realty
(415) 655-1588
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