Softening real estate market on the Hill?
24 Oct 2006
A recent SF Chronicle article was written about home prices slipping for the first time in four years.
Included in the article was a Potrero Hill homeowner, Leslie Nakajima, who hasn’t had a single offer on her three-bedroom house in Potrero Hill.
If she hasn’t received any offers by month’s end, Nakajima said she’ll stop trying to sell the house, which she bought 2 1/2 years ago.
“They aren’t building single-family homes up on the hill in San Francisco any more,'’ said Nakajima. “If I absolutely had to sell, that would be one thing. But I’m not desperate, and just breaking even is not really what I had in mind.”
On the surface, the article seems to point to a concrete example of a soft real estate market on the Hill. But the comments about this article on Socketsite (a local blog), seem to indicate that location is the cause of the lack of offers. Comments on the blog include those of the realtor representing the sale of this house, and a local realtor.
Chronicle photo by: Christina Koci Hernandez
• Home prices slip after 4 hot years [ SF Chronicle ]
• The Article (And The House) [ Socketsite ]
Search
New! View historical photos.
You should consider the ramifcations of a post like this — you should look at the facts - at how many houses have sold on the ‘Hill this year — at the appreciation rates throughout District 9E — at the ever changing infastructure in Potrero Hill and how that effects the value of homes. You don’t have to believe everything the media writes about local real estate — they are creating stories, not reporting facts.
FYI, I ended up selling my house well over asking. So, there was a happy ending to story that was biased, negative and took my comments out of context.