Property that was withdrawn from the market during the holiday season is coming back on the market at a fierce pace. In years past, January was a very slow time in terms of transactions as inventory took months to accumulate in San Francisco, but the experts, the pundits, the smart-asses and the gawkers all think 2009 will be the year of the buyer, the year of the deal! We are all expecting more choice for less money at lower interest rates. In the next 21 days, we’ll see hundreds of new and old (formerly withdrawn) listings that will cost less to buy now than they used to just a mere 700 days ago.
They may look like new listings in the MLS, but they cost less now than they did last year:
| 578 Rhode Island | 787 San Bruno | |
| Was: $1,259,000 | Was: $1,249,000 | |
| Is: $1,190,000 | Is: $1,149,000 | |
| 778 Kansas Street | 80 Ord Street | |
| Was: $1,700,000 | Was: $1,495,000 | |
| Is: $1,495,000 | Is: $1,395,000 | |
| 908 Steiner Street | 1089 Key Ave | |
| Was: $1,950,000 | Was: $425,000 | |
| Is: $1,650,000 | Is: $387,500 |
Reduction Roundup [SF Schtuff]
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