Bay Area ranks as nation’s best place to sell a home
Blanca Torres | Real Estate Inc. | February 19, 2014 | link
According to ZipRealty Inc., the Emeryville-based online real estate brokerage, the San Francisco metro area was number one on its top 10 list based on median sales price and total housing inventory per capita.
Here’s how the Bay Area compares with the rest of the country:
- Median sales price growth: 35 percent growth in 2012 vs. 11.5 percent.
- Number of days homes stayed on the market: 19 vs. 35.
- Average number of homes available per resident: 1.1 vs. 6.6.
The law of supply and demand just doesn’t let up. Low inventory of homes on the market equals soaring prices not just in the Bay Area, but other California regions as well. Five of the top ten markets for home sellers were in golden state.