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?
Danville and San Ramon buyers and sellers may be surprised to realize that the issues here are not just local ones. Amazing to say, home sellers across the country had an average of 2 to 3 offers on their homes in 2017. According to Realtor.com’s Housing Shortage Report, the United States is experiencing the worst inventory shortage in 20 years. It’s no secret that the historically low inventory has created a nationwide seller’s market. And since there’s such a demand for homes, sellers are … [Read more...] about Multiple Offers On Homes Nationwide Became The Norm in 2017