Watch the market video below for all of the details on January 2013 Dogpatch Market Stats (aka Central Waterfront):
Here are some highlights:
- Active listings was down 77% year over year, down 40% month over month
- Median listing price was just under $750,000
- Median sales price was just north of $800,000
- Number of homes sold went from zero in January of 2012 to 4 in January of 2013.
What are your thoughts about January real estate sales activity in the Dogpatch and Central Waterfront neighborhoods?
As I’ve said elsewhere, January is a slow month in SF real estate. This year, SF being in the Super Bowl seems to have delayed more than a few homeowners that are thinking of selling but haven’t yet listed.
This really is an incredibly strong sellers market. If you’ve been thinking you’d like to sell but have been waiting for the market to improve, wait no longer! Whether you are thinking of taking your equity to move up, or just cash out of the market and move to your next home outside of the bay area, now is a great time to put those plans into action.
What are your thoughts on the January market in the Dogpatch and Central Waterfront neighborhoods? The neighborhood seems to suffer from a chronic lack of inventory, which means buyers need to be prepared to move quickly when new homes come to market. It also means that sellers are in a very strong position and will most likely receive multiple offers, possibly well above asking depending on the building and original pricing.
I’d love to hear what you think in the comments below!