As we step into March, the Bay Area real estate market continues to demonstrate impressive strength, with buyers actively competing for available homes. This past week saw multiple properties selling well above the asking price, a testament to the high demand and limited supply. With more homes gradually being listed, we anticipate increased opportunities for both buyers and sellers in the coming weeks.
Weekly Market Snapshot (Feb 24 – Mar 2):
Strong Buyer Activity: Many homes received multiple offers, driving final sales significantly over the listed price.
Increased Inventory: More properties are entering the market, offering buyers a wider selection while keeping competition high.
Quick Sales: Well-priced homes with desirable features are selling within days, highlighting the continued momentum in our market.
To keep you informed, we’ve compiled a list of properties that transitioned from “Available” to “Sold” and “Pending”in the past week. If you’re curious about recent sales in your area or exploring your next move, let’s connect!
Looking Ahead – Spring Market Heating Up
Traditionally, March marks the start of the busiest real estate season of the year. If you’re considering selling, now is an excellent time to prepare your home to maximize its market potential. For buyers, staying informed and ready to act quickly will be key in securing the right home.
Your Trusted Real Estate Resource
Whether you’re looking to buy, sell, or simply gain insights into the current market trends, our team is here to provide expert guidance and tailored strategies. We are dedicated to helping you navigate the evolving real estate landscape with confidence.
Let’s discuss how we can position you for success in this dynamic market.
Wishing you a fantastic week ahead!
Henry Chu and Denise Liew