Friday, May 18, 2012

The Facebook Effect On San Francisco Real Estate: It’s Very Real

The Basis Point reports:
Three weeks ago some clients wrote a $1.25m offer on a 1400 square foot 3-bed, 1-bath house with original kitchen and bath near San Francisco’s Dolores Park. They weren’t even close. There were 51 offers. It sold for $1.4m and closed 8 days after offers were due.
No wonder California has a middle class problem.