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June 10, 2010

Market Action Slows in Sunset, Parkside

The Sunset and Parkside districts have been neck and neck over the past couple months in terms of sold and in contract/pending properties. The Sunset has seen 30 single-family homes sell since May 1st, for an average of $742,097; the Parkside is close behind with 29 homes sold at an average of $739,923. And 30 Sunset homes have gone into contract since the beginning of May, while the Parkside saw 28 homes ratify.

No surprises here. Many single-family home buyers are in this price range. But another thing these two neighborhoods have in common is the available inventory count. There are 49 homes on the market in the Sunset, and 51 in the Parkside. And that’s pointing to some slowing market action.

Word to sellers: Make sure you price your homes competitively, and that they show well.

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