Category: San Francisco

July 2, 2024 Purportedly won in a bet, the Bay Area’s only private island is up for sale with an asking price of $25 million. A tour of one of Chris Lim’s real estate listings in the San Francisco Bay Area requires a trip on the water. As the former president of Christie’s International Real Estate, he’s had his fair share of unique listings. “I’ve been selling real estate for 21 years. I love a really interesting challenge,” he said. “A fire house, a church, a parking spot.”

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The San Francisco Bay Area housing market, a bellwether for the nation, has transitioned from a raging boil to a simmer. Prices are still rising, but at a more measured pace compared to the breakneck speed of previous years. Let’s dissect the data and see what this simmering pot means for potential buyers and sellers. Trends in the Bay Area Housing Market Sales Simmer Alongside Prices: May 2024 data reveals a median sale price of $1.455 million for existing single-family homes in the Bay Area, a significant 11.9% increase year-over-year…

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