Compass is the only real estate brokerage brand that speaks to the next generation of luxury buyer exquisitely. This ‘next generation’ (of all ages) work in industries that have advanced far
Listing Inventory Expecting To Surge After Super Bowl Sunday
Dated: February 6 2016
The Super Bowl not only represents the largest global sports event of the year, it also marks the beginning of a new listing inventory surge that happens across the nation following the game. No one wants to compete with the Super Bowl on TV, and that same theory goes for Real Estate with relatively low inventory coming on the market leading up to the game.
So far the Bay Area is tracking nearly the same inventory volume as last year. In 2015 the total number of sold properties during the first five week span starting Jan 1st was 2,412 throughout Alameda and Contra Costa County. This year during the same time frame, there were 2,396. That figure is slightly lower but not substantial (difference of 16). I like to advise both buyers and seller clients that the Super Bowl is the kick off of the Spring selling season in the Bay Area. We expect to see a large push of inventory following the game and that activity will continue through Spring, right up until the June / July time frame when inventory starts to drop off slightly. I am expecting a strong Spring market and expect a bit more year over year inventory.
If you are considering selling, this year will bring ample buyers to the market and buyers should have a slight improvement in inventory selection. Rates should remain relatively low through the remainder of the year which will benefit buyers looking to lock in near historic lows in mortgage market. Today Bank Rate is quoting 30 year mortgage rates at 3.69% and 5/1 arm rates at 3.08%.
Our team is ranked as one of the Top Real Estate Groups in all of California and we would like to thank our clients, friends and those who have referred business our way. We are passionate about helping our clients achieve their goals and are grateful to be in such a rewarding industry. In 2015 we closed over $80M in sales and over 138 total East Bay transactions. Since 2001 we have transacted over $500M in closed real estate transactions.
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, Dana Grant, David P Johnson, Heather Gowdy, Scott Maher, Nina Kasper-White & Ken Wilson - Please call and "Let Us Exceed Your Expectations".
On the links below you can see all active inventory for the following key bay area cities: Walnut Creek, Pleasant Hill, Martinez, Alamo, Lafayette, San Ramon, Danville, Orinda, Moraga, Concord, Brentwood, Oakland, Fremont, Pleasanton, Dublin, Livermore, Hayward & Castro Valley