Second Quarter 2011 Pacific Union Real Estate Report
July 19, 2011 • Posted in Bay Area Real Estate Market Reports
Pacific Union International’s Q2, 2011 real estate market report offers home buyers and sellers current market information including: volume, number of homes sold, average days on market, and price. Detailed reporting is available at the regional level including: San Francisco, Marin, Sonoma, Napa, and the East Bay.
In Q2 of 2011, the trend for average home sales price, the number of properties and days on the market varied greatly by neighborhood as well as by home price. Please view our Bay Area real estate market conditions page for a detailed analysis of the neighborhoods and cities of interest to you.
“In this market, we encourage families to make housing decisions first, on the quality of the environment they are striving to accomplish at home and second, on the opportunity associated with their investment. It is our feeling that a “buy and hold” strategy for at least 5 years will likely be a lucrative investment. We do not see the “buyers window” closing. Interest rates continue to be at historic lows. We see more realistic sellers every day, which translates into more demand-based, realistic pricing for pre-qualified, motivated buyers!”
Mark A. McLaughlin, CEO. Pacific Union International.