It's the simple "Supply and Demand" that is fueling this competitive market we are in. Low inventory and buyers trying to take advantage of extremely low interest rates are allowing sellers to get as much as they can for there home. Most sellers in the Bay Area are getting up to 30 or more offers these days.
Some reasons for the low inventory can be contributed to homeowners refinancing to low interest rates, loan modifications and government pressure for banks to work with homeowners in exploring there options before foreclosure.
According to DataQuick, the median price in the Bay Area has increased 32% in the last year. If we can’t get more inventory for buyers, we will continue to see home prices increase at a similar pace.
Property Search
RSS Feed
Search Blog
Recent Blogs
Compare Countertop Materials To Consider Both Inside And Outside Your Home - Considering selling your home?
Low Rates Now Will Have Big Impact On Inventory In The Future - Low rates are fantastic for the
Remodeling Surge Battles Supply Shortage ROI Challenges Heres Why - If buying isn’t an option, make
Why Compass And Eastbaypro To Achieve Your Real Estate Goals - Compass is the only real estate
Our Bloggers
This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.
Click 'Save' to add a property to this list.New & returning visitors please enter your information to login.
This message will go directly to the head of our team.