From the Desk of Rini Realtor – September 2017

Hope you all are doing well …
Wanted to keep you updated regarding the real estate market here in the Bay Area … As you might have heard, all over the Bay Area inventory is historically low … Recently a house in Sunnyvale sold for close to $800,000 over asking and here’s some more on that story Of course real estate is hyper local and different areas, neighborhoods, have their own dynamics …
In some ways it is a challenging time for buyers with the limited inventory … but since interest rates are still historically low, this is a good time to get off the fence and get started … in fact the market shows consistent growth year-to-year so prices and interest rates will probably inch up higher next year affecting the purchasing power of some buyers .. Here’s some graphs to show the limited inventory and consistent increase in prices in the different counties …
Screen Shot 2017-09-18 at 3.17.03 PM

 

..For anyone looking for dedicated real estate service and proven results, I am here to help 🙂

 

-Rini

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