The high-end housing market in San Francisco is seeing plenty of sellers hoping for holiday gifts in the form of a purchase contract. To that end, sellers are conceding a bit on their original prices. Between October and the first week in December, a total of 59 homes above the $1.5M price point saw price reductions in their list prices.
On the condo front, 35 units originally priced at $1.5M or above have seen prices drop since October. (This data is courtesy of my Pacific Union Estates division statistics, discussed during our twice monthly Estates meetings.)
This is really a rather startling amount of price reductions. Heads up: December is the time to take advantage of the market and interest rates. Particularly if you are looking for an estate home in San Francisco, the stars are aligned for you to get a good deal.