24 Cerritos Avenue
Offered at $2,895,000
Seller Represented
Offered at $2,895,000
Seller Represented
In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before the big late-March/April jumps, buyers highly motivated to buy before their interest rate locks expired, [...]
Offered at $1,995,000
Seller Represented
Soaring interest rates & housing costs; continuing strong demand, low inventory of house listings and high market velocity. Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low. The post San Francisco Home Prices, Market Conditions & Trends April 2022 first appeared on Paragon Specific.
Sold for $2,900,000
Seller Represented
So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events.
Sold for $3,318,880
Seller Represented
Sold for $1,490,000
Seller Represented
2021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply of listings available to buy – and all the usual indicators, including home price appreciation trends, reflected this severe imbalance. As is the normal seasonal trend, listing and offer activity dropped substantially mid-November through early January, resulting [...]
Seasonal fluctuations are common and it’s not unusual for median sales prices to peak for the year in spring Q2. Longer-term trends are more meaningful than short term changes. The post San Francisco Home Prices, Market Conditions & Trends January 2022 first appeared on Paragon Specific.