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FOR THE WEEK OF May 5th - 11th, 2025
Greetings,
We hope you had a wonderful Mother’s Day weekend surrounded by loved ones. As the Bay Area blossoms into spring, the real estate market is showing no signs of slowing down. This past week, momentum continued to build with impressive sales across multiple Peninsula neighborhoods, driven by strong buyer demand and competitive offer activity.
Market Highlights – May 5th to 11th:
- Palo Alto: The market here was particularly noteworthy, with a remarkable sale closing at 87% above the listed price—a clear indication of intense competition. Several homes also closed with all-cash offers, reinforcing confidence in this premium market.
- Burlingame: Continues to show exceptional strength. Homes sold between 12% and 35% over asking, driven by limited supply and consistent buyer demand.
- Los Altos: Remained active, with multiple sales exceeding 20% to 33% over list price. Well-located and move-in-ready homes are fetching top dollar quickly.
- Sunnyvale: Maintains a solid trajectory, with most homes selling 11% to 27% over list price—highlighting affordability relative to surrounding areas and attracting intense buyer interest.
- Atherton, Belmont, Los Altos and Sunnyvale: These cities saw a number of homes shift to pending status within 10 days or less, signaling a fast-moving, low-inventory environment and underscoring the importance of pricing and presentation.
Key Takeaways:
- Multiple-offer scenarios remain the norm in high-demand areas.
- Cash transactions are becoming more frequent.
- Homes priced right and well-prepared are drawing swift attention and competitive offers.
With the current spring surge, now may be an ideal time to consider your next steps—whether you’re planning to list, looking to buy, or simply want to stay informed about your neighborhood. As always, we’re here to help you navigate the market confidently.
Wishing you a great week ahead!
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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