Young, Affluent Buyers Driving Market Upswing

Posted On: Thursday, June 28, 2012 - 5:26pm | Posted By: Suhl Chin
Topics: Market Statistics

Home prices are rising in the "glamour cities" on the East and West coasts, including San Francisco which saw a 16% rise in home prices in the 3 months that in ended in April, according to the Case-Shiller index.

The combination of young and affluent buyers coupled with low inventory is driving up San Francisco's property prices once again, as reported by Bloomberg.com:
With inventory low, properties in the city's Noe Valley and Dolores Heights neighborhoods are getting multiple offers, said Suhl Chin, an agent at Zephyr Real Estate. A 'fixer' three-bedroom on Liberty Hill had 12 bids and is in contract for over $1.5 million, she said.
Click here for the complete article from Bloomberg.com.

Suhl Chin

"My goal is to make the process of buying and selling a home as smooth and pleasant an experience as possible," says Suhl (pronounced Sol).
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