The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down to 306 but bounced back to a healthy number of sales we like to see week over week at 40! We do know that June and July is when we peak in inventory however it significantly dropped from last week to this week of June. In segment “that sold for what?!” Dan and Tim analyze a large home in San Bruno that had an exciting list price to sales price. The days a home is on the market can indicate whether the home was priced to sell or if the market indicates that the pricing is off and by how much. We are working in a 5 week market right now which is a reflection of whether you will get multiple offers or not, 5 week or more market means not, under a 5 week market means yes. Pricing a home is super important, it is a marketing tool over the actual value of what the home will sell for.
Send us a note if you would like a webinar and/or episode on how to value your income property, Tim would like to put this together when we have a few more ppl let us know!
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