As we enter June, the Bay Area real estate market continues to demonstrate robust activity, driven by strong buyer interest and sustained competitive demand. Here’s your weekly market update for June 2nd to 8th:
Weekly Market Snapshot (June 2 – 8): The past week witnessed consistent market momentum with notable activity across neighborhoods such as Belmont, Los Altos, Mountain View, and Redwood City. Cash transactions remained significant in Burlingame, Hillsborough, and Palo Alto, highlighting ongoing buyer confidence.
Transaction volumes were particularly high in areas including Los Altos, Palo Alto, Redwood City, San Mateo, and Sunnyvale, where properties attracted multiple offers and sold swiftly.
Pending Sales Overview: Last week, many homes transitioned to pending status, particularly in Los Altos, Menlo Park, Palo Alto, Redwood City, San Carlos, San Mateo, and Sunnyvale. The rapid pace of these transactions underscores the continued strong demand for strategically priced and well-maintained properties in desirable locations.
Whether you’re considering buying, selling, or simply keeping an eye on market trends, we’re here to provide expert guidance tailored to your real estate goals. Our commitment is to help you navigate the competitive Bay Area market confidently.
With Father’s Day approaching this Sunday, we extend our warmest wishes to all fathers, grandfathers, and father figures. May your special day be filled with joy, relaxation, and memorable moments with your loved ones.
If you have any questions about your neighborhood market conditions or need assistance planning your next real estate move, please reach out—we’re always here to help.
Wishing you a fantastic week ahead and a very Happy Father’s Day!
Henry Chu and Denise Liew