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FOR THE WEEK OF March 24th to 30th, 2025
Greetings,
As we wrap up March and eagerly welcome the start of April tomorrow, I hope you had a wonderful Spring Break and enjoyed quality time with your loved ones.
Weekly Market Snapshot (March 24th – 30th):
This past week, the market continued to perform strongly, even as we close out the month. The recently sold homes highlight several key trends:
- Quick Turnarounds: Many homes sold rapidly, with several properties closing within days of listing. This quick movement underscores the high demand in the Bay Area.
- Above-List Sales: Notably, many of these transactions were completed at sale prices exceeding the original listing price. This indicates competitive bidding and strong buyer interest, even in a market with limited inventory.
- Diverse Neighborhood Appeal: The data showcase a range of properties across various neighborhoods—from high-end luxury homes to more moderately priced family residences. This diversity reflects the broad appeal of the Bay Area, where buyers from different segments are actively competing for well-located and well-maintained properties.
- Solid Market Fundamentals: The combination of low days on market and above-asking price sales suggests that well-presented and appropriately priced homes continue to attract serious offers. This not only benefits sellers but also provides a clear signal of market resilience as we move into the spring season.
Pending Listings Overview
- Short Days on Market (DOM): Many of the properties show relatively low DOM, suggesting that well-maintained and correctly priced homes are receiving strong interest and offers quickly.
- Consistent Demand Across Neighborhoods: From Atherton and Burlingame to Menlo Park, Palo Alto, San Carlos, and Sunnyvale, buyers remain highly motivated. This indicates ongoing confidence in the market, even amid varying economic factors.
- Competitive Pricing & Offer Activity: Several listings have been on the market for only two weeks (or less) before going into contract, implying multiple offers or strategic pricing that resonates with buyers.
- Varied Price Points & Home Types: The properties span a wide range—from smaller single-family homes to larger, more luxurious estates—underscoring the diversity of the Bay Area market and the different types of buyers active at any given time.
As we head into April, the momentum is expected to build further with more new listings entering the market. Whether you’re considering buying, selling, or simply staying informed, these insights can help guide your real estate decisions.
Thank you for your continued trust and support. If you have any questions or would like to discuss how these trends might affect your real estate goals, please don’t hesitate to reach out.
Wishing you a fantastic week ahead and a wonderful start to April!
Warm regards,
Henry Chu and Denise Liew
Presented by Henry Chu
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