Real Estate

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...

If you follow real estate news, I am sure you have read the bay area home prices are growing in double digits even during the COVID 19 pandemic. The home affordability problem is exacerbated while people are most vulnerable. Fortunately, home sales is only one side of the housing equation. The other side of the equation, the rental market, is far less talked about. Rent is reduced 15-20% across...

Spring season is the time for families to hunt for a home of their dreams, bid, and purchase elusive and usually expensive properties in the Bay Area. But not this year! Even during the coronavirus pandemic, home buying and selling have picked up long before the spring surge. The Bay Area real estate is a hot property where buyers are restless and eager to take advantage of the current low-interest...

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...

We are almost one year into the COVID pandemic. What has changed? What did we learn and how will it impact the 2021? Below, we looked into the buying trends of various real estate properties in the Bay Area, as well as possible future outcomes, to help you navigate these constantly changing times. Taking Advantage of Low Prices in Condos At the beginning of 2020, real estate agents were practically...