Yes, but only if your budget and offer plan match recent closed numbers.
You can stay disciplined in San Francisco, CA, but not by pretending recent closings do not matter. I would make every search decision from one principle define your ceiling before the market tests it for you.
Last month, a typical closed price in San Francisco, CA was $1,400,000, and recent offers landed at about 111.4% of asking. The typical asking price among active homes was $1,195,000. That spread is exactly why buyers get into trouble when they shop by list price alone. In San Francisco, CA, the active asking number may pull you into homes that eventually trade above the amount you first expected. For luxury buyers, that same issue becomes more expensive because small percentage gaps translate into large dollar jumps. Build your shortlist using likely closing ranges, not just current asking prices. Leave room in your plan for a market where accepted offers have recently landed above list. Walk away from homes that force you to abandon your ceiling, and keep attention on the properties that fit both your budget and your decision timeline.
About Donald Maycott
Donald Maycott is a licensed Real Estate Professional affiliated with EXP Realty LLC, specializing in the San Francisco market. With a focus on strategic marketing and deep local knowledge, Donald Maycott provides clients with expert guidance in navigating complex real estate transactions. View full profile →
