Investing in San Francisco, Bay Area Real Estate Market is a great opportunity you should consider taking advantage of. There are a few important reasons why.
According to recent trends, we have a lot of buyers looking for their first home as an investment. There are many economic factors at play. SF is one of the largest and progressive cities. People from all over the state migrate here for jobs, and the presence of many tech companies drives that growth. Remember that buying Real Estate property is one of the smartest things you can do. Currently, there is a sizable portion of young professionals investing in San Francisco, and most new graduates move back there anyway because of its central location and job opportunities.
Median home sales prices in San Francisco are projected to keep rising in 2021 as the demand for housing in the Bay Area exceeds supply. Both the City and East Bay are seeing growing demand, with inventory down to historically low levels. Investing in San Francisco could be a smart move this year, with more households in SF renting instead of owning. The SF Real Estate market is poised for a rebound in both the City and East Bay. Demand for housing in the East Bay is strong although SF neighborhoods appear to be catching up.
Before starting your search for a Real Estate property, make sure you know someone on the ground. Talk to someone who knows the area you’re interested in, has sold investment properties there before. Again, it’s important to work with an agent who understands this concept. If you’re a buyer and you’re not sure which home is right for you, contact us and we’ll help find the right house for you. Follow us on Twitter to stay up-to-date on San Francisco Bay Area Real Estate Market.