We are seeing a marked change with a slowing of buyers. Some of this is seasonal but most is based on economic factors of rising interest rates, stock market volatility, inflation and policy uncertainty.
But interestingly, we are seeing a trend of current owners and residents looking for new homes in the community (both from our clients and other agents buyers looking at our listings). These buyers are invested in our market, believe in our area, and are looking for an upgrade. Comparing notes with our colleagues in other areas (Aspen, Jackson Hole, Newport Beach, Kona) they are seeing similar trends.
Below you will find more information on:
Bay Area Market Survey
- Real Estate is Hyperlocal
While the days and market might seem cooler, there are always bright spots. And we know that after the clouds and storms, the sun always comes back out. We live in a fabulous place and it's a fantastic time of year. We look forward to connecting with you soon.