Market Update

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...

"Winter is coming" no longer carries the same chill as it did as Jon Snow famously said it in Game of Thornes. This winter, the real estate market is not cold at all, at least not for single family homes. Our clients took a short break during the Christmas-New Year and came right back into house hunting in new supply of homes trickle into the market. Single family homes continue to go pending after one...

Do people still care about winter real estate prices? Well, the data shows that people do, as evidenced by the fact that you are also reading this post. Let's dive into the numbers. Various markets' prices are holding up from October, while most markets saw a drop in sales quantity. This is a sign of seller retreat rather than a surge in buyer demand. Given most markets saw anywhere between 28% to 50%...

Looking at the home prices of October, it's as if bay area home buyers weren't deterred by the uncertainty of presidential election. Median home prices generally see a substantial increase from 5% to 17% year-to-year, consistent with the previous month's. In terms of the winter inventory, California Association of Realtors reported the demand outpaced the supply across all regions of California. In...

We are set to expect a warmer than normal winter for the real estate market. Traditionally, real estate activities in the November, December and January months are about 1/4 of the normal months. This year is different. Based on the September and the other forward looking indicator, we expecting the winter months to have 50%-60% more listings than previous year. If you are in the market this winter, you...

As we roll into September, the bay area August sales data continue last month's trend - single families are selling higher and seller while condos are selling lower and lower. There is nothing too interesting going on. In the same period, a single family listing may get 30 showings in 3 days of hitting market while a condo only gets 1 showing for the first two weeks. Condo owners are struggling between...