San Francisco and Bay Area real estate agent superstar Tim McMullen joins us again with what he is seeing in the Mission Bay real estate markets here in San Francisco. Our previous post with Tim focused in on the South Beach and East Cut markets.
Mission Bay has seen a roller-coaster real estate season this year. According to Tim, some condos have been selling well, while others have been sitting. Properties with views and/or outdoor spaces seem to have sold quickly. Properties without those bonus features have been sitting, comparatively speaking.
April and May in 2021 saw many sellers accepting offers. However, as we move into the post-Labor Day, pre-Thanksgiving period, San Francisco’s condo market tends to peak. There are already a bunch of listings, with inventory and sales moving up since the end of August. Single-family home sales seem to have leveled off, as many homebuyers have settled in for their children’s school year.
Condo buyers, on average, aren’t as tied to the school year. So, Tim believes that sales will remain strong until November with sales starting to taper off. However, it is hard to imagine that the back-to-office deadline will get pushed back again. As a result, many speculate that January and February might see more sales and listings than previous years.
So, what do you do? Well, Tim suggests that if you’re thinking of selling, either list now or start to eye January or February as a good listing date.
Have a look at the video below to listen to Tim give his analysis on the Mission Bay market.
San Francisco real estate agents in Mission Bay are optimistic about the inventory this October, anticipating a decent amount of activity.
If you want to hear more from Tim, check him out on Youtube, or have a look at his site at meettimmcmullen.com.
If you want to speak with Tim or any of our San Francisco real estate agents, have a look and shoot us an email. You will be in good hands.