The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up this week to 228. It happens to be property tax and IRS tax day and it is interesting to see that buyers do slow down typically on this week. The homes that have went on the market in 2019 and closed in 2019 the average days on market is 13 days. In the last quarter of the year reflects a twice as long average days on market than the first quarter of 2019. The list price to sales price is actually up 13% but there is still room in the market place for more growth and going forward! It seems that the peak in the market is pushing to end of June this year. April might finish a bit soft based on other events happening. Tim dives into some multi unit investment property opportunities!
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