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Real Estate Market Blog: June 2017

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

The Strongest Selling Season in a Decade

June 30, 2017
Ginny Kavanaugh
Real estate is currently booming and experts attest that this is the strongest market since the 2006 price peak, but with the added benefit of market stability. The latest National Association of REALTORS® Confidence Index concluded that much of the country has experienced very strong, or strong buyer traffic. This is an indicator of demand, but not necessarily supply, which has been short in many states across the county. The latest highlights according to NAR indicate: First-time homebuyers accounted for 34 percent of sales. With fewer ...

June 2017 Real Estate Update

June 15, 2017
Ginny Kavanaugh
The real estate market in Northern California is seeing varying activity depending on the counties, cities, neighborhoods and homes - a strong indicator of a shifting dynamic. Competitively-priced homes in any range are expected to sell steadily and swiftly, and properties under $750K are not sitting on the market for long. The sub-$750K homes are also seeing tighter inventories than higher-priced homes. With additional inventory expected to appear over the coming days and weeks of summer, buyers who have been waiting for new listings will ...