WOW! I don't think anyone was prepared for the huge demand and lack of inventory that created a truly wild sellers’ market again. Certain parts of the City are trending beyond 2007 levels, therefore, San Francisco will now have some of the highest recorded sales prices in its history!
Quite simply, we are just experiencing a major boom again. If anyone is on the fence and considering selling, seriously consider doing so in the spring of 2014.
Here’s an example that represents what's going on in the current market: A luxury condo on Green Street was listed for sale at $1.7 million. However, after multiple offers, the winning bid ended up at $2.9 million – that’s $1.2 million over asking price!