Does the Government shutdown affect the real estate market? CalBRE License #01164338, Best Los Altos Realtor – Outlook Realty Group. San Francisco continued to see bidding wars last month. In the greater Los Angeles region, single detached homes rose $22,000 to a new price of $553,000.. San Francisco Bay Area, home prices jumped $35,000 or 3.6% over last month to a new average price of $1 million. I've been a full time realtor since 1993 and have helped hundreds and hundreds of people find the right home, including one of my two sons! They use standard contract documents that are prepared by lawyers and attested by courts. Our third prediction for the California housing market in 2021 should come as welcomed news to home buyers. How to Transform Your Home into a Profitable Rental, Check out how Bay Area real estate is surviving, How Shelter-in-Place has impacted Bay Area Real Estate. For sellers, they help evaluate their property. They play a very crucial role in helping sellers understand what attracts or puts off the homebuyers. So we can’t claim it as our own. “It’s a more balanced, more even market. Having an idea of what the market is depicting at the moment, may be helpful in making decisions, whether you are a buyer or a seller. A new report forecasting the real estate market in California shows a fairly sunny outlook for the Bay Area, though it notes the region may be facing some headwinds where it matters most: housing. Since 2018 marks the 40th anniversary of the passage of Proposition 13 in 1978, and the deadline for property tax payments is coming up, I thought some FUN FACTS from the Santa Clara and San Mateo Cou... At 54.4% California is the second lowest in the nation for home ownership, beat out only by New York at around 50%. I’m an admirer of Dr. Vivek Murthy, Surgeon General from 2014 – 2... We’ve all heard about how the real estate market’s slow at the moment and, compared to the crazy, unsustainable first quarter of 2018, it certainly is, yet let’s not take our eyes of... Facebook and other Tech Companies expanding into Alameda County, making it second only to Santa Clara county for 2019 real estate to date. It takes time to build an empire. Along with all these real estate statistics is a ranking of every city in the Greater North Bay area based on their home sold price, price growth, days on market, and turnover. I've been blessed with amazingly wonderful clients who have become my friends; as a result, my business is 100% by referral. At present, it is the buyer’s market as the residential agent Roxy Laufer says, “There is definitely a rise in inventory, and homes are sitting on the market longer. While this may look like a total segue, it’s not. In the current situation when the Bay Area market is already cooling off, you may hire professional help for staging your house so that it looks appealing for the buyer, who already has many choices, at the moment. The average sale price of a home in San Francisco was $1.41M last month, down 3.8% since last year. Buildings bought buy Google in the Bay Area since 2011. Take a look at the data below and you’ll get a bird’s eye view of what’s happening in the five cities I’m tr... My Take: Due to popular demand, I’ve included another city in my tracking — six is a charm! The Green Bay, WI housing market is somewhat competitive, scoring 65 out of 100. According to a recent update from the California Association of Realtors, published earlier this week, the median price for existing homes across the Bay Area rose 18.7% from August 2019 to … This week I decided to take a look a... City (Number of Sales)Redwood City (276)Sunnyvale (201)Mountain View (136)Menlo Park (62)Palo Alto (53)Los Altos (10) My Take: OK, so you’ve purchased a home, now what’s next? The Central Coast had the biggest increase in October with sales growing by 28 percent, followed by the Far North (19.4 percent), the San Francisco Bay Area (18.9 percent), and Southern California (17.5 percent). While the real estate market is quickly rebounding in the wake of the coronavirus lockdown, many homeowners are still hesitant to list their homes for sale. Does traffic and commutes impact home values? Your realtor may create a marketing plan for you. That trend will likely accelerate as layoffs mount and workers, newly liberated by work-from-home options, flee the Bay Area for cheaper cities, according to housing experts. Best thing is, any of my subscribers can ask a question and get the real bay area housing details they need. "The average days on the market is increasing," she said. Sq. “The tax law effects have knocked the wind out of the Bay Area housing market, which is the poster child,” Zandi said. The real estate market in Silicon Valley had been shooting up, until the trend started taking a noticeable dip after March 2019. No matter which side of the table you are on, you carry a … These homes should be staged well as this catalyzes the finalization of the deal. While at an open house recently, I had a prospective buyer ask me about the difference in traffic patterns and how commutes affect housing prices. It came as no surprise to me the top seven most expe... My take: We’re in mid-April now and the real estate market is humming along! Still, it’s a key housing market trend to watch out for in 2021. One of our keys to building a better Bay Area is finding solutions to the housing crisis. Justin Sullivan/Getty Images … Real estate agents say that's something that likely would not have happened last year. I started this blog because I myself wanted more accurate information; to me the numbers say it all--at some point I decided to share my research and here it is! I so like it when I hear from one of my readers requesting specific information! Let’s take a close look at the San Francisco Bay Area housing market trends and forecasts for 2020 & 2021. The Bay Area market holds equal strength for both buyers and sellers. Honest pricing also allows the buyer to quickly understand why and how is it set, considering the market sales. The new year is always a good time to reflect and review, so I’ve done just that! "Last year, it was seven to nine days. This week I thought to look at some different statistics; I usually look at housing information, data on list vs. sale prices, or days on market but this time I looked at the Census site and found all... I’ve been asked to break San Jose down into its respective areas; basically San Jose can be divided into 12 areas including areas like Rose Garden and Naglee Park.