The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 278 down again! We have not reached the peak of 2019 again since the first and only time that point was reached. The market has been on “vacation” for the last month and now with school back in session and folks back in town, it is crucial to watch where the market will go post labor day onwards to Thanksgiving. These markers in the year indicate through inventory how Q1 of next year will shape up. There have been less home sales and longer days on market, however the homes on the market have sold still at 100% of List Price to Sales Price. Dan does bring up in “that sold for what” a great example of a home that came on the market during this “squishy” time and managed to obtain over 300K of asking price. Tune in to learn more about how that home achieved that!
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