The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: damainman who wrote (44026)	11/4/2005 11:35:31 AM
From: No Mo Mo	Read Replies (2) of 306849

I live in a working class area of San Francisco. (Yes, those do exist believe it or not.) I was contemplating selling my home so I have been paying very close attention to how many homes go on the market and how long they stay there. It's still like clockwork. "For Sale" sign goes up, they have one or two weekends of open house showings, and the "Sold" sign goes up. It's three to five weeks front to back. NO ONE seems stressed about turning them and it looks like the market is still plenty liquid. I had the realtor who sold me this house run comps and the prices are still being bid to crazy levels. One guy down the street asked $565,000 for a dinky, ramshackle cottage (~1,000 sq. ft.) and he get over $600,000. Just my observations.

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