Wealthy Havens Lure Homebuyers in ‘Mad Rush’ From San Francisco
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Bloomberg
Katrina Kehl warned her clients not to expect many offers on their $1.7 million home in Marin County, just north of San Francisco. They were, after all, in the middle of a pandemic and economic collapse.
They ended up with 13 bids.
“We took offers at four o’clock and they just started rolling in — now we’re at seven, now we’re at eight,” said Kehl, a real estate agent with Compass. “At 4:15 I got one, at 4:24 I got another.”
Across the San Francisco Bay area — home to some of America’s earliest and strictest shelter-in-place rules — demand for real estate is soaring in outer suburbs and wealthy havens known for their gorgeous landscapes. From affluent Marin County to Napa wine country and south to Monterey’s Carmel Valley, brokers say the coronavirus outbreak is leading to a surge of interest from homebuyers looking to spread out.
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Bloomberg
Katrina Kehl warned her clients not to expect many offers on their $1.7 million home in Marin County, just north of San Francisco. They were, after all, in the middle of a pandemic and economic collapse.
They ended up with 13 bids.
“We took offers at four o’clock and they just started rolling in — now we’re at seven, now we’re at eight,” said Kehl, a real estate agent with Compass. “At 4:15 I got one, at 4:24 I got another.”
Across the San Francisco Bay area — home to some of America’s earliest and strictest shelter-in-place rules — demand for real estate is soaring in outer suburbs and wealthy havens known for their gorgeous landscapes. From affluent Marin County to Napa wine country and south to Monterey’s Carmel Valley, brokers say the coronavirus outbreak is leading to a surge of interest from homebuyers looking to spread out.
Read More →
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