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FOR THE WEEK OF April 28th to May 4th, 2025
Greetings,
As we step into May, the Bay Area real estate market continues to show strong signs of momentum. This past week (April 28 – May 4) brought solid activity in both closed and pending sales, with desirable homes still commanding strong buyer attention and competitive offers—particularly those that are well-located and move-in ready.
Weekly Market Snapshot:
- Healthy Demand: Many homes went into contract quickly, showing the continued appetite from buyers despite tighter inventory.
- Competitive Sales: Several homes sold above their list price, reflecting multiple-offer situations in key neighborhoods such as Sunnyvale, Palo Alto, San Carlos, and Menlo Park.
- Diverse Market Activity: From mid-range homes to luxury properties, buyers are active across all segments, signaling robust demand throughout the Peninsula.
- As we continue deeper into the spring market, more listings are expected to hit the market—providing new opportunities for both buyers and sellers to make their moves before summer.
Looking Ahead: Happy Mother’s Day!
As we approach Mother’s Day on Sunday, May 11th, we want to take a moment to recognize and celebrate the incredible mothers, grandmothers, and mother figures in our lives.
We hope your day is filled with love, appreciation, and special time spent with family. Whether it’s a simple brunch at home, a heartfelt phone call, or a fun weekend gathering, may this Mother’s Day be full of joyful memories.
If you have any questions about the current market or would like to explore opportunities, feel free to reach out. We’re here to provide expert insights and guide you every step of the way.
Wishing you a beautiful week ahead and a joyful Mother’s Day celebration!
Henry Chu and Denise Liew
Presented by Henry Chu
The Sotheby’s International Realty® brand’s 2025 Luxury Outlook℠ report explores global trends in high-end residential markets and forecasts key developments for the year ahead. It highlights how the US$84 trillion intergenerational wealth transfer will reshape investment dynamics, while anticipated price normalization in 2025 may present strategic entry points in key markets. The report tracks where 135,000 high-net-worth individuals are projected to relocate in the coming year, offering insights into luxury hubs around the world, and how “Best Place to Live” rankings impact property values and inventory – from Vienna, Austria to Naples, Florida.
The 2025 Luxury Outlook report, exclusively presented by Sotheby’s International Realty, provides essential navigation through today’s dynamic real estate market to help you make informed decisions.
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