2021 was a GREAT market for sellers!
2021 sets the stage for 2022 with higher median prices & lowest home inventory we’ve ever seen! We’ve seen the return of the sales cycle … Buyers are unrelenting; California is a state full of very rich people! Wealth continues to grow with higher income mostly Silicon Valley tech families worked from home/ $$$$ saved and as buyers they gave up contingencies and pay any appraisal gap problems! Supply and demand meaning there is a LOT of buyers (there is no bubble). The time to buy is now (If you want to buy, buy now with rates going up) and if you’re a seller this is an all time low inventory. The shortage of housing persists in 2022.
*Call me if you’re interested in learning about your local market and home property comps in your area. I’m always happy to help. Have a good Super Bowl no matter your team… 49ers aren’t in it so…meh 😛
Lynne Watanabe MacFarlane, MCDM, SRES, SRS | Realtor
Professional Fiduciary Association of California, Silicon Valley affiliate
Intero | A Berkshire Hathaway Affiliate
LMACFARLANE @ INTERO.COM
phone 408.800.1141 or 831.346.2743