San Francisco Sales on the Increase

The number of single family homes, condos and TICs that sold in San Francisco in both February and March this year is higher than either of the two previous years.

While not back to the levels of 2007, this is a significant improvement and appears to indicate buyers are back in the market.  Some of these sales may be attributed to the soon-to-expire federal tax credit (qualifying properties have to be in contract by the end of April and close by the end of June). 

The same trend shows up in the quarterly totals:

Marin Sales Best 1st Quarter Since 2007

Finally there seems to be some good news for Marin real estate sales.  For the first time in three years, the number of single family homes and condos is up in the first quarter of the year.

While we're still 20% below 2006 and 2007 levels, this year's first quarter sales are well above the last two years.