A client recently told me that in the Bay Area, according to the newspaper, asking prices and offers are down, foreclosures are up, and this is a buyer’s market through and through.

The newspaper may be right about some of the Bay Area, but San Francisco likes to be unique, and that includes the real estate market.

For example, take the $600K-800K price range in Glen Park. I personally have written 3 offers in the last month that were multiple-bid situations and ended up going $10K, $20K and even $30K over the asking price.

As I learned very early in my career, San Francisco is a city of neighborhoods. Each has its own personality, community, and often even its own weather. So it pays to find an agent that specializes in a particular neighborhood to help you navigate the complexities of the market.

Whether it’s a buyers’ market or a sellers’ market in the Bay Area, San Francisco always has a little of both, depending on where you look. So research, ask your Realtor a lot of questions, and don’t believe everything you read. Well, except this blog of course.

Image of Glen Park courtesy of PhliarShamim