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Excellent Time To Sell In Today’s Sellers’ Market
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
DRE# 02066698
Presentation on Silicon Valley’s Top Real Estate Questions From Buyers and Sellers
When you’re a homeowner, especially in California and the SF Bay Area, you are in the business of wealth creation through real estate.
When you buy a home several good things happen:
1. Purchase using good leverage
2. You fix your biggest cost which is housing
3. Provide a hedge against inflation
4. Begin to save outside of the home
Lynne Watanabe MacFarlane, MCDM, SRES, SRS | Realtor
Intero Real Estate Services | Berkshire Hathaway affiliate
(408) 800-1141 or (831) 346-2743
LMACFARLANE@INTERO.COM
Let’s Look At How Three Different California Cities Are Moving (New Listing Stats During SIP)
Here are three different California cities’ listing volumes and how they vastly differ in recovery rates and timing. San Francisco may have recovered from their lows as well as San Diego but at a later, but deeper dip, quicker rebound. Look at the gradual decline of Sacramento which could indicate the popularity and movement of folks to more rural /less population dense communities within the state. Many markets are still at the bottom of the curve (see Mike DelPrete article), and some cities, like Phoenix and Denver, may not yet have hit the bottom.
Let me know if you’re interested in learning what your local market is doing.
I’m always here to assist with any real estate needs.
Lynne MacFarlane, MCDM, SRES
DRE#02066698
Realtor from San Francisco Bay Area to Monterey Bay
831.346.2743 text/voice anytime
