Almaden Valley | Bidding Wars Abound… How Long Will They Continue?

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Real Estate Agent with Silicon Valley Real Estate Team -Intero Real Estate Services 01319840

Almaden Valley | Bidding Wars Abound… How Long Will They Continue?

 

We’ve streamlined and perfected the process of finding dream homes for our clients in Almaden Valley    

We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home.   

We are also your Trusted Resource for Almaden Valley Real Estate, offering complete solutions for buyers, from financing assistance to creating innovative marketing strategies for home sellers.    

Check out the Almaden Valley Real Estate Market Report here! 

We are your neighborhood specialists and we are ready to help you..   

Today I would like to speak to you about Bidding Wars Abound… How Long Will They Continue?

 

Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. 

In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have ensued, and the busy spring-buying season is just around the corner. 

CoreLogic recently conducted an analysis on national home prices at the time of sale for their January 2018 MarketPulse Report and found that a third of homes sold for at least list price. 

“The share selling above list price was almost three times the trough in January 2008 and represented more than one-fifth of total sales.” 

Many markets in the western part of the country and around major cities are experiencing higher shares of homes selling above list price. 

 

 

READ MORE: https://www.siliconvalleyrealestateteam.com/blog/almaden-valley-bidding-wars-abound-how-long-will-they-continue/


???Thinking of selling your home? Let Don take over the marketing of your property
www.siliconvalleyrealestateteam.com - Call or text 408-741-9300 for more information.

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Topic:
Home Selling
Location:
California Santa Clara County San Jose Almaden Valley
Groups:
Realtors®
Tags:
pricing
for buyers
for sellers
california
almaden valley
moveup buyers
listing homes for sale almaden valley

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

As long as there is a shortage of homes there will be a bidding war

Feb 01, 2018 09:19 AM #1
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Rainmaker
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Don Orason

"Helping You Make Good Real Estate Decisions"
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