Market Update

We are now in the midst of the holiday season! As we are getting closer to Christmas and the New Year, we are seeing the typical cool-off in the real estate market. Let's take a look at October's sales statistics and the most up to date mortgage rates. Alameda, Marin and Napa counties are leading the pack in the transition to winter real estate, recording a moderate withdraw from high prices. Napa...

Fall is in full swing! As temperatures drop and the rain fall begins, we shall be seeing changes in the real estate housing market. This year, you may have noticed a pumpkin shortage and price inflation due to the California drought and lack of labor. The haunting news regarding this seasonal item may have scared you, but that may not be the only spine-chilling fact.  Here's a look at September's...

Fall is officially here! Now that the kids are in school, the air is crisper, and PSLs are in full swing, what does this mean for the real estate market? Autumn has historically been a busy time in the industry for the Bay Area. This year, as we continue to face challenges set forth by covid-19, we are seeing sales constrained by low inventory. Are potential homebuyers still looking? Is the inventory going...

"August is like the Sunday of Summer." -- Kelly Dwyer Growing up, I didn't particularly like Sundays because it meant that the next day will be Monday--a school day. Now, as an adult, I love Sundays! I get to spend time with my wife and daughter. Then, the next day, my week resets and I get to start a new week with new goals. The same goes for August and the housing market, despite the pandemic, it...

We are already halfway through summer! I'm here to bring you an update on June's market activity. Inventory Trend First of all, let's check the inventory trend. According to the data collected by the California Association of Realtors, the Bay Area housing inventory is hitting an all time low at 1.4 months of supply in June. You may notice that the Bay Area inventory has always been low compared to the...

California has officially re-opened! We saw a lot of ups and downs this past year and the housing market was no different. Now that it is summer time, are you staying in town to shop for a new house or joining the crowd for some "revenge travel"? For those of you who chose to stay in town to shop for your next property, I think it's critical to remind everyone of the common real estate agent practice of...

The first day of the summer solstice for this year will be on Sunday 6/20, which happens to coincide with Father's Day. As we approach the official summer date, here's how the Bay Area housing market is looking. As prices continue to climb 10%, 20% and even 30% year over year, many of you may wonder if the housing market is ticking timebomb like in 2006. My take on this is, no it's not. First-time...

If you are in the market for a home in the bay area, you are definitely one of the better offs. As prices continue to climb, a bright prospect of more and more of the economy opening up, this year's Spring housing market is expected to be quite hot. Data from CAR.org In California alone, one interesting fact (as noted in the chart above) is that the higher price segments are seeing a much higher...

San Francisco Bay Area Market March 2021 Update With the daylight saving spring forward and the warmer weather, it definitely feels like we are out of the winter season completely. The real estate numbers seem to reflect the same. Sales volumes and prices are up in almost all counties in the Greater Bay Areas with just a few exceptions. Listings are still flying off the shelves and they are going...

It's the time of year when everyone is looking for some housing market prediction of 2021. Instead of the monthly market update, I'm throwing the boring numbers aside and want to write about my 2021 real estate market prediction. If you are so addicted to monthly number, you can still find the January sales number at the bottom of this post. Many Realtors like to draw from recent market experience and...