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2021 was one of the most active real estate markets in recent memory with buyer demand continuously exceeding the supply of homes for sale. Interest rates were still very low and thus prices rose as a result of the imbalance.
Employment, GDP, and household-wealth indicators point to what will likely be another active year. Many believe real estate to be a hedge against inflation, and an excellent long-term investment generally. Some pressures though that may impact the fast pace are rising interest rates, a volatile stock market, and political events which can affect energy prices and global economies. However, in the Bay Area at least, buyers do not seem to be significantly affected by these factors. And increasing interest rates often motivate buyers to act sooner rather than later. But sellers should not wait to market their homes if they plan to sell this year. We have an advantage at Compass of having information from our colleagues about properties that are coming soon, which we share with our clients. Many of these properties sell before before going on the general market. Once the spring selling season - typically the biggest of the year - really gets underway we will have more information which we will share with you in our next newsletter.
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Sales Volume by Month
There is a real shortage of properties for sale, as is often the case this time of year. |
Median Home Price Trends In the Stanford Circle Towns |
FEATURED PROPERTIES AND RECENT SALES |
WHAT'S HAPPENING AROUND THE BAY |
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Ongoing
Between its quirky neighborhoods, rich cultural history, and thriving culinary scene, the charms of San Francisco are many and well-known. But to really know the Bay Area, a hike is in order. Within a short drive of the city are craggy Pacific promontories, serene redwood forests, wetlands teeming with wildlife, and many other distinct topographies. These nine trails within a short drive of San Francisco will get you to the heart of the region’s natural beauty. Here are the best hikes in the San Francisco Bay Area, according to Condé Nast Traveler.
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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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