How is our market?
That is the most frequent question I am asked this year as my clients hear the bad news stories about our national Real Estate markets. The answer is that our sales volume has slowed while inventory's grown as our national market adjusts through historical ups and downs. While headlines trumpet a "national lending crisis" and "plunging real estate prices," the fact is that many of the Bay Area's mature neighborhoods remain sound and are historically strong.
Data shows that in the last 10 years, Bay Area homes have appreciated more than 110% and double in value every 8.6 years while Mortgage rates continue to remain near historic 25 year lows.
My experience has also confirmed that strong demand is prevailing in Saratoga and Los Gatos in spite of slower markets overall. The homes that are well prepared with a distinguished marketing and pricing strategy will gain competitive advantage against the large inventory and will sell commanding the highest value in the shortest period of time.
