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FOR THE WEEK OF March 10th to 16th, 2025
Greetings,
We hope the vibrant energy of spring finds you well! As we move deeper into March, the Bay Area real estate market continues to demonstrate its resilience. This past week (March 10th – 16th) was notably dynamic, with a healthy pace of both sold and pending transactions.
Below, you’ll find a detailed list of properties that recently shifted from “Available” to “Sold” or “Pending,” offering a clear snapshot of our current market trends. These insights underscore the sustained demand for well-priced, quality homes in our region.
Key Observations from the Week
- Steady Activity: While overall transaction volumes remain moderate, new listings are being absorbed by the market at a steady rate.
- Robust Buyer Interest: Many properties have attracted multiple competitive offers, with some going under contract in a matter of days.
- Market Resilience: Strong performance in both sold and pending categories indicates that buyer engagement remains high, even as inventory levels fluctuate.
Overall Market Observations
- Strong Demand, Quick Turnaround: Homes with desirable features and accurate pricing are seeing shorter Days on Market (DOM), signaling continued buyer enthusiasm.
- Above-List Sales: A significant number of properties have sold above their original list price, reflecting a competitive environment and multiple-offer scenarios.
- Varied Price Points: The Bay Area’s diverse housing stock—from cozy single-family residences to high-end luxury estates—caters to a broad range of budgets and preferences.
How This Information Helps You
- Sellers: Knowledge of how quickly homes in your neighborhood are selling and at what price per square foot can help you set a strategic listing price and prepare your home effectively.
- Buyers: Understanding market pace and premium neighborhoods allows you to focus your search, craft competitive offers, and move decisively.
- Investors: Monitoring neighborhood trends helps you spot emerging areas, evaluate rental demand, and gauge long-term appreciation potential.
I If you have any questions about recent sales in your area, would like more details on specific properties, or want to discuss your real estate goals, feel free to reach out. We’re here to guide you through the market with confidence and expertise.
Warm regards,
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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