Portola (San Francisco, CA)
By Cheryl Bower, Realtor, CRS, GRI, ABR, ePro
(Zephyr Real Estate, San Francisco, CA)
San Francisco: Portola district home market sales activity   The full report for Portola district single family home sales 2010/2011 comparison can be downloaded at the link below.   A few highlights include that inventory has come down quite a bit from 2010 to 3.8 months of inventory.  A balanced market is considered 6 months of inventory; more than 6 months is a buyer's market; less than 6 months is a seller's market.  (Click on each chart to zoom in)   While there are certainly more buyers out than in 2010 & median price has inched up, days on market is long at 80+ days.  As always, accurate pricing is critical otherwise one is chasing the market & buyers with price reductions. Bank owned (REO's; real estate owned) & short sales (SS) are still a part of this district as broken down i...
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