It's no secret that the Bay Area is a popular destination for international homebuyers, particularly those from China, but two new reports from the National Association of Realtors add tantalizing details.
Bay Area Real Estate Market Reports
If home prices in certain parts of the Bay Area continue their steady rise, more buyers will find themselves staring at seven-figure price tags in the near future.
Bay Area homebuyers weren't biding their time in February in advance of the brisk spring season. In each of our local regions, homes left the market quicker than they did in January. Find out all about the current state of Bay Area real estate in Pacific Union's February update, which is loaded with statistics of note.
If you're selling a home in one of these hot Bay Area communities, you could potentially pull in as much as 20 percent above asking price. Serious homebuyers in these coveted regions, meanwhile, should prepare to pay a premium for their dream property.
The San Francisco metro area was one of just three regions in the country where home price increases topped 20 percent in 2013, according to the December S&P/Case-Shiller Home Price Index.
After bottoming out in December, inventory expanded in almost every one of our Bay Area markets in January, a welcome sign for hopeful buyers. Also, prices for single-family homes hit yearly peaks in our Silicon Valley, Sonoma Valley, and Tahoe/Truckee regions. Get an in-depth look at real estate activity throughout the Bay Area in Pacific Union's January real estate update.
The most recent S&P/Case-Shiller report shows that San Francisco year-over-year home prices rose 23 percent in November, the ninth consecutive month of 20-plus percent increases. We took things a step further and compared how yearly price gains stacked up across our individual Bay Area regions.
Inventory was down across the Bay Area in the final quarter of 2013, further exasperating the situation for hopeful buyers who didn’t act earlier in the year. And in Silicon Valley and the Tahoe/Truckee region, prices for single-family homes hit yearly highs in December. Get a comprehensive look at Bay Area real estate activity in the fourth quarter in Pacific Union's Q4 Report.
If you're searching for a home in one of the Bay Area's most-coveted cities, you're almost certain to face heated competition, so acting fast can be crucial to success. Which of our local markets are currently the most in-demand? We took a look at recent MLS data to find out where buyers are snapping up homes the fastest.
The approaching holiday season didn't deter Bay Area homebuyers in November, as inventory for single-family homes shrank in every one of our markets. And median prices are up in Contra Costa County, the East Bay, Napa County, and the Tahoe/Truckee region. Get all of the facts and figures you need to make an informed decision in our comprehensive monthly real estate update.
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