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Blog Archives: October 2018

Should You Consider Buying in a Shifting Market?

October 30, 2018
Michael Minson
Buying a home in a shifting market allows you to create certainty and start building up your equity. Looking to Buy? Search All homes Looking to Sell? See why you should work with us Have you heard that interest rates are rising? Or maybe that home prices are falling? Or perhaps that, here in the Bay Area, fewer and fewer multiple-offer situations are happening? These things may be true, but it also may still be a great time to buy in our shifting market. One of the best reasons to buy in a shifting market is to create ...

Napa Valley Real Estate Report October 2018

October 19, 2018
Napa County’s own economic forecast projects a 3.5% annual population increase through 2022. This means that housing needs are increasing every year, and yet the number of new housing units has grown by less than 1% annually for the past 9 years. So, the sales price appreciation we have experienced in the City of Napa over the past three years is due in large part to demand outstripping supply. Single family home prices have risen 5.1% over the past three years while condo/townhomes have risen 5.2%. Buying property in Napa continues ...

San Mateo County Real Estate Market Update – October 2018

October 18, 2018
The market data is starting to reflect what we’ve been seeing over the past several months. Rising interest rates combined with buyers sensing a market shift has caused inventory levels to shoot up by 50% over last month. The number of new listings to come on the market last month hit a three-year high, while the number of sales is meaningfully lower. With the Fed widely expected to raise interest rates again before the end of the year, buyers are seeing their buying power go down. It’s not all bad news out there. More strong economic news ...

Southern/Central Marin County Real Estate Report October 2018

October 17, 2018
SF Unicorn IPOs • Five San Francisco-based tech “unicorns” are planning on going public in 2019 • Uber, AirBNB, Stripe, Pinterest, and Lyft • Once they have their IPOs, their employees will likely take their cash windfalls and purchase homes in and around San Francisco, driving sales prices even higher The Beige Book • More strong economic news came from the Federal Reserve Bank’s September Beige Book economic report which shows continuing strong job and wage growth in the San Francisco region • It notes that the real estate ...

Pricing, Presentation, the Market, and You: Navigating a Shifting Market

October 15, 2018
Michael Minson
Today, let’s talk about the importance of pricing and presentation when it comes to selling your home in a shifting market. Looking to Buy? Search All homes Looking to Sell? See why you should work with us Pricing and presentation are important in any market, but they’re especially important in a shifting market where buyers have additional choices—and frankly, are just pickier. Effectively pricing your home means it’s a compelling price in the eyes of the consumer; they’ll see a lot of value in your property compared to ...

San Francisco Real Estate Market Update: October 2018

October 09, 2018
SF Unicorn IPOs Five San Francisco-based tech “unicorns” are planning on going public in 2019 Uber, AirBNB, Stripe, Pinterest, and Lyft Once they have their IPOs, their employees will likely take their cash windfalls and purchase homes in and around San Francisco, driving sales prices even higher The Beige Book More strong economic news came from the Federal Reserve Bank’s September Beige Book economic report which shows continuing strong job and wage growth in the San Francisco region It notes that the real estate market ...