Peninsula Real Estate Mid Week Review!

My take: We’re beginning March and inventory continues to be low. The Super Bowl is over, Valentine’s Day is done with and so are the Oscars but I don’t think sellers are aware that for real estate to be humming along we need folk to list their houses! The above core Silicon Valley cities continue to be valued real estate and highly sought after. Why is inventory so low? Good question! I think the #1 response is that sellers need a place to live once they sell their home and move up is tough. Sellers are in a hard place—once their property is sold they have nowhere to live and join the list of highly competitive buyers! Yes, things will change, as Spring comes along we’ll see more houses being listed—the traditional Spring frenzy will soon be underway. The economic crisis reflected in the stock market will calm down and life will go on. In the meantime, buyers are looking for off-market homes and they are willing to pay a premium for them! 

Los Altos, Mountain View, Palo Alto, and Menlo Park: Mid-week Review: 3/02/2016—Single family houses only! DOM=days on market 

Just the Facts Ma’am! 

Covering Los Altos, Mountain View, Palo Alto, Sunnyvale, Redwood City, and Menlo Park. All information from the Multiple Listing Service. 

Want information for other areas? Comments? Questions? Send me a message, I’d love to hear from you!