Category: San Francisco

Real Estate Market Is Quite Robust in Several Big Cities

Luigi Wewege with the Executive Editor of The Economist Dr Daniel FranklinSellers who are considering selling their home in the coming months will be pleased to learn that there is an incredibly robust real estate market out there for the taking. Homes have not been staying on the market for very long, and buyers are willing to pay exorbitant sums for properties they perceive as ideally suited to their needs.

A keen observer of the real estate industry, Luigi Wewege has seen significant upward trends in the real estate market, especially in some of the larger cities across the United States. According to Wewege, sellers who put their home on the market in the coming months are very likely to get a significant offer almost immediately and should expect to see some competition if the home can boast an in-demand location.

Wewege’s predictions have already come to fruition in places like San Francisco and Denver, two cities known for attracting diverse residents who enjoy the rich cultural milieu these cities have a reputation for cultivating. In fact, San Francisco has seen most of its available real estate routinely sell in the range of seven figures, while properties in the Denver area have only remained on the market for an average of six days.

Part of the reason for this, as Wewege has noted, is that there is a limit on the properties available. Property owners who choose to sell their homes during this time may find that they are able to get a significant return on their investment very quickly.