Thea Miller: San Francisco Real Estate Market Is "Red Hot"
Online, August 13, 2012 (Newswire.com) - Bloomberg reports that office property sales in San Francisco are soaring and, currently, are set to exceed peak sales numbers since 2007. Thea Miller, a luxury real estate professional, reports that residential and income properties are following a similarly upward trend.
The article reports that sales of office buildings may surpass $5.3 billion in 2012, which is the highest they have been since 2007. This surge in office space sales is attributed in part to the increase in technological companies that are settling in San Francisco.
"It's pretty easy to see why prices are escalating so quickly with a tech boom going on," comments Dan Fasulo, who is the Managing Director at Real Capital Analytics, Inc. "It's a phenomenon taking place nowhere else."
While this trend of technological startups is impacting the office real estate market, it is also impacting the residential and income property fields. With more jobs being created in San Francisco, it is only natural that professionals follow suit and move to the West Coast.
"Sales of residential and income property in San Francisco continue to reach new heights," asserts Thea Miller. "We are once again seeing multiple offers on single properties and sales prices reaching significantly above the initial asking price. Other segments of the market are soaring, as well."
Miller is a highly experienced real estate professional who specializes in luxury properties. Throughout her career, she has become a leading Realtor in the San Francisco area, assisting her clients in locating and purchasing the perfect homes for their families or selling their current properties. Through this experience, she is well aware of the importance of this upward trend.
The rising of property sales is a positive sign of economic recovery. After the housing bubble burst and the recession hit, home sales virtually stalled. Today, the recovering economy is again creating an environment that is conducive to property sales. As such, buyers are more willing to invest in real estate because they are more comfortable with the positive growth of the economy.
Miller hopes that this positive trend continues and looks forward to assisting new and existing clients in their real estate purchases as home sales continue to grow.
ABOUT:
Thea Miller is a luxury sales and marketing professional with over two decades of experience in her field. Since beginning her career, Thea Miller has developed into one of the foremost Realtors in the city of San Francisco. Her ability to provide an unwavering degree of customer service, paired with her attention to detail, allows Thea Miller to guide her clients through the real estate industry. Thea Miller is a member of The National Association of Realtors, The San Francisco Association of Realtors, The California Association of Realtors, and Who's Who in Luxury Real Estate.