Pacific Union International’s Q3 Bay Area Report provides a comprehensive analysis of the Bay Area Real Estate Market for Q3 2010 by region. Following are the highlights.
The East Bay real estate market appears to be stabilizing. The average 3rd quarter sales price of single family homes appreciated modestly over the past three years. This appreciation is a good sign for buyers, sellers and the economy.
In the Marin County real estate market, the bottom seems to have formed. Buyers continue to be cautious and generally only take action on well-maintained, well-priced homes. Overall, a buyers’ market still prevails.
Buyers at all price points in the San Francisco real estate market continue to be cautious, and generally take action on well-maintained, well-priced homes. Sellers who price their homes within 3% – 5% of fair market have a greater likelihood of concluding a deal.
In the Napa County Real estate market, there are indications that Napa Valley sales are rebounding. While not record breaking, sales have recovered beyond the same quarter in the previous year and have even bettered sales from the third quarter of 2008 in some price ranges.
The Sonoma County real estate market seems to have reached a turning point as well. Sonoma Valley sales in Q3 seem to have recovered beyond the same quarter in the previous year and have even bettered sales from the 3rd quarter of 2008.
Contra Costa County and Central County real estate is still down, but leveling off, along with the Lafayette, Moraga and Orinda real estate markets.
If you want to learn more about current market conditions throughout the Bay Area, we invite you to view Pacific Union International’s Bay Area real estate market conditions information on our website.
For a comprehensive analysis of the Bay Area Real Estate Market for Q3 2010, click here:
Q3 Bay Area Report