SF still tops most competitive real estate list…

Bay Area Still the Most Competitive Real Estate Market

Mallory Farrugia | Curbed Seattle | October 25, 2013 | link

Redfin released its Bidding War Report this week, with San Francisco once again topping the charts as the most competitive of their 22 real estate markets. Amid all the bad news for San Franciscans looking to purchase a home, there are a few nuggets of good news, so we’ll start with those first.

The Good News: All-cash offers fell in popularity in the city as a winning strategy among home-buyers, falling from 11.5% of offers in August to just 3.6% in September. Sales are slowing down by about 2.4%, with only 42.3% of homes selling in under two weeks, down from last year’s 44.7%.

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