Uncategorized How You Can Get a Lower Rate The advantages and disadvantages of using an adjustable-rate mortgage.   By now, everyone knows that interest rates are on the rise. As they climb, home affordability decreases, forcing buyers to reduce their price ranges or leave the market entirely. It’s only natural to be concerned about how rising rates will affect your plans, but there […]
Uncategorized Why You Haven’t Missed the Market If you’ve been waiting to sell your home, now is a good time to act.     Over the last couple of years, sellers saw home prices rise month after month. We knew the market would change, but we didn’t know when. Now some sellers are saying it’s too late to sell, but is that […]
Uncategorized Should You Buy Now or Wait? Three questions you should ask yourself before purchasing a home.   “Should I buy now or wait for home prices to drop?” With mortgage rates fluctuating and a potential recession looming, I receive this question from buyers almost every day. It depends on your situation, so to help you decide, I’m sharing three questions to […]
Uncategorized What To Do if the Buyer Cancels Escrow What should sellers do if the buyer decides to back out and cancel escrow?   What happens if your buyer wants to cancel escrow due to complications in the home-selling process? When the market starts shifting, transactions don’t always close smoothly. Here are a few common problems that can come up.   One of the […]
Uncategorized Sellers: Where Have All the Offers Gone? The current market has some sellers wondering where all the offers are.   Our local real estate market is changing. We see more inventory coming on the market every day, which is great for improving buyers’ range of options. Interest rates have been on the rise since the beginning of the year; combine that with […]
Uncategorized Is Now a Good Time To Buy?  How the Case-Shiller index can help you decide if now’s the time to buy.   One of the most common questions we’ve been getting lately is if now is a good time to buy a home. While we don’t have a crystal ball to show us what will happen to the market in the […]
Uncategorized Should You Sell Your Home Yourself?  It doesn’t pay to try and sell your home yourself; here’s why.   Are you thinking about selling your house yourself? It sounds like a great idea on paper; the market is so hot that homes practically sell themselves, right? This way, you don’t have to pay a commission. However, are you truly marketing […]
Uncategorized Ballenberg: A Swiss Masterpiece Here’s a quick virtual tour of the Ballenberg museum in Bern, Switzerland. Search All Homes on the MLS Here Receive a FREE Home Value Report Ballenberg is an open-air museum in Switzerland that displays traditional buildings and architecture from all over the country. Located near Brienz in the canton of Bern, Ballenberg has over 100 […]
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Uncategorized what are experts saying about the future of housing prices? A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […]
Uncategorized Glimmers of Hope as Real Estate Restrictions Relax The resumption of in-person showings of occupied residences (under strong guidelines) on May 4, 2020 likely alleviated some of the negative effects of the pandemic in May by keeping real estate transactions moving and encouraging new listings to enter the market. Pricing showed gains in three of the five MLSListings counties, with Monterey and Santa […]
Uncategorized May 2020 Sales Data – San Mateo and Santa Clara Counties May 2020 Data for MLSListings Counties (from North to South): In San Mateo County, the median Residential Common Interest home cost $890,000 and sold in 7 days for 100% of the list price based on 55 sales in May 2020. • Inventory rose 29% from April, but down -7% from May 2019 with 165 homes […]
Uncategorized May 2020 San Mateo County Market Data
Uncategorized April 2020 Data for San Mateo and Santa Clara Counties April 2020 Data for MLSListings Counties (from North to South): In San Mateo County, the median Residential Common Interest home cost $1,045,000 and sold in 10 days for 103% of the list price based on 76 sales in April 2020. • Inventory rose 19% from March, but down -15% from April 2019 with 126 homes […]
Uncategorized Median Prices Hold Steady, But SIP Showing Its Impact Despite the shelter-in-place (SIP) order in mid-March, median prices held up in April, even gaining compared to last April in 4 of the 5 MLSListings counties; Santa Cruz County showed a 4% decrease in median price. Premiums (i.e., the amount paid above/below the list price) also closely mirrored last year, with San Mateo at 104%, […]
Uncategorized Positive Momentum Curtailed by Shelter-in-Place Prior to the March 16 shelter-in-place (SIP) order, the first half of March was looking quite promising in terms of sales and prices. In fact, 3 counties (Monterey, San Mateo and Santa Clara) ended March with higher median prices than a year ago despite the SIP. Also telling was that Median Days on Market, a […]
Uncategorized Inventory and Median Days on Market Drop Again Inventory was again down year-over-year across all five MLSListings counties, maintaining a trend from the end of 2019. Inventory fell the least in Santa Cruz (12% less than last year) and decreased the most in Santa Clara (37% less than last February). The market continued to move quickly, as median Days on Market data showed […]
Uncategorized 2020 Begins with Inventory, New Listings Down Continuing a trend we saw at the end of 2019, the new year began with less inventory in every MLSListings county year-over-year. Compounding the low inventory was reduced new listings, which were also down across the board compared to 2019. The tight supply of houses led to an increase in the velocity of the market, […]
Uncategorized Year Ends with Inventory Down, Closed Sales Up The Silicon Valley real estate market ended 2019 with mixed results. For calendar year 2019, median sale prices for single-family homes compared to last year were down in San Mateo, and Santa Clara, level in Santa Cruz, and up in Monterrey and San Benito Counties. In the common interest market, median sales prices were down […]