There are times when it seems that all the real estate market does is go from boom to bust and back again and while there is some truth in that, an examination of the facts shows that overall the trend is always upwards. The chart on this page depicts home values from 1984 to 2017 and you can see the overall trend is extremely positive. Certainly, prices have rarely increased steadily for long periods of time but when they have fallen, there has always been a good reason. From 1984 to 1990 … [Read more...] about Bay Area Real Estate Is A Great Long Term Investment
East Bay Real Estate Market Update for May 2018 This month, the real estate market story is not new. In fact, from May 2017 to May 2018, we have 136 fewer active listings across our MLS. Low inventory, frustrated buyers and home prices continuing to go up, yet, our real estate market is still robust and the buyers keep trying! It appears that what buyers are looking for is either turn-key or if it needs work, it is priced accordingly. We are seeing multiple offers and lots of them - on the … [Read more...] about Market Update – May 2018
There are times when I think it is important to spread the word regarding any likelihood of significant changes in our real estate market and I sense that now may be the time to do just that. Barring any significant economic events, real estate in California historically tends to run in 6-8 year cycles. That is 6-8 years of rising prices followed by another 6-8 years of a mixture of plateauing and reducing prices, before the rising price cycle starts again. What makes this particularly … [Read more...] about Are San Ramon Valley Home Prices Nearing A Peak?