Are the "bidding wars" officially over in the East Bay? Not necessarily, but they have diminished considerably. For the most part the market is decelerating but that is seasonal and further compounded with the upcoming election. Also, those picture perfect, turn-key properties in great areas are still getting significant interest and you will see quite a bit of buyer activity on those homes. If you are a patient buyer, you can find some great deals though. If you identify that home that could be perfect with some new flooring, paint, baths, and a new kitchen, that could be the one! Most buyers do not want to deal with any type of project and that further thins the buyer crowd and creates a great opportunity to negotiate a discounted purchase. Just this week there were 212 price reductions. When properties are reduced, that is also a great opportunity for buyers. When a seller does a price reduction, they have shown motivation and buyers who are quick to act can secure a home usually with little to no competition. Keep a close eye on the market this fall and I am certain you can find that perfect home with much less competition than you will soon see in the Spring.
Have a fun and safe Halloween!
Sincerely,
Kevin & Naomi Kieffer Team Leaders for the EastBayPro Team of Keller Williams Realty
Our team received the quadruple platinum award 2015 for exceeding $70M in sales volume.
We would be delighted to put our track record to work for you. Please call us anytime.
You can click any of the links below to view active listings in any of the cities listed.You can reach our team members at 925-304-6346 - Kevin R Kieffer, Broker Associate - Team Leader for Keller Williams Realty's EastBayPro Team - Our team members include Naomi T Kieffer, Matt Rubenstein, David P Johnson, Heather Gowdy, Scott Maher, Rochelle Maher, Nina Kasper-White & Ken Wilson -
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