Market Update

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...