WSJ Ranked Among America's Best Teams |
So far in 2022, Bay Area real estate markets appear largely unfazed in spite of much adversity: The tragedy in Ukraine, the interest rate hike of .25% on March 16, the prospect of a possible recession, many companies and employees still fine-tuning their remote/work-from-home arrangements, and the world financial markets' extreme volatility. Yet almost implausibly, the prevailing dynamic in our local market is strong buyer demand and not enough supply. Multiple offers, fierce overbidding, fast sales, and upward pressure on home prices remain the norm. That is not to say that some buyers haven't been negatively impacted by recent declines in stock portfolios; and some buyers and sellers have become more hesitant or paused their plans, awaiting more clarity amid recent developments. Not enough, however, to move the needle on the fundamentally very-high-demand/very-low-supply conditions which dominated 2021. 2022 is starting out to be more of what we saw in 2021. If you are thinking of selling your property, now is a good time |
What is happening in our market is more complex than we can communicate in the following charts. Reach out to us for more information. We love to discuss the nuances that make our market so unique. |
Our short supply of homes has led to multiple offers and overbidding, though not like the levels seen in 2018. |
FEATURED PROPERTIES, BUYER NEEDS AND RECENT SALES |
We have buyers looking in Atherton, Menlo Park, Palo Alto, Woodside, Portola Valley, and Los Altos Hills in prices ranging from $4M - 15M and are always looking for pre-market opportunities or properties coming soon. If you know of any properties that fit, we would love to hear about them! |
WHAT'S HAPPENING AROUND THE BAY |
Video On Demand | March 26-28
Set in a future where water is worth its weight in gold in San Francisco, a terrible water shortage caused by a 20-year drought has led to a government-enforced ban on private toilets. The citizens must use public restrooms, regulated by a single malevolent corporation, the UGC or Urine Good Company which profits by charging admission for one of humanity's most basic needs. More information can be found here. |
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Klein Field at Sunken Diamond | Ongoing
There is no better place to catch a baseball game in the Bay Area than Sunken Diamond! Enjoy the family-friendly atmosphere, great sightlines, and exciting action on the diamond throughout the spring! For the most up to date information regarding COVID-19 attendance policies, please visit the Fan Attendance Policies page here. |
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
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