Spring Selling Season!
Traditionally, Spring is the busy season in real estate. The weather is warming, the trees are blooming, and the school year is almost complete. This is the national trend, but for the Bay Area seasonality has not played a large role in recent years. Perhaps it's our mild year round weather, but more than likely it's due to our hot real estate market- there has simply been no slow down!
This year is already off to a record start. If you thought Bay Area real estate was out of control already, just wait for this Spring season! With the continuance of high demand and low supply, homes continue to sell with multiple offers significantly over their list price.
On the other hand, perhaps anecdotally, I have seen the first signs of buyer fatigue and hesitancy due to increasing interest rates. This varies widely based on price range and location, and much remains to see how global events and economic factors may affect the local real estate market.
There has been an uptick in inventory and through my network of local agents I hear the buzz of more listings to come. Want to hear about listings before they are available to the public? Keep scrolling for a peak of upcomings listings not yet on the market.
If you have been thinking about putting your home on the market, get ahead of preparing to sell your home. Inspections, repairs and upgrades are taking longer to schedule and complete due to shortages of supplies and labor.
As always, feel free to reach out with any real estate questions. I would be happy to assist you, your family and friends!
All my best,