The Silicon Valley housing market continues its long rebound, with May seeing year-over-year increases in sales and median prices for both homes and condos in Santa Clara County. But you’ll need to act fast to have a chance at one of these properties because they’re spending less and less time on the block!
If you ever needed a visualization of the rising cost of homeownership, this chart should do the trick. Tracking median house sales price fluctuations by region since 1990, you can see a significant shift to the West and South and away from the Northeast, even as prices have appreciated across the country. Of course, the last spikes we saw in western sales led to the subprime bubble, so it’s good for investors to be cautious.
Even in pandemic times, Spring has typically been a time for peaks in luxury home sales, which leads to spikes in median sales prices. As we spring into March, are we on the verge of another bump?
Has the home sales market in San Francisco finally begun to cool off, or is it just the chill of another atmospheric river? Inventory and median sales price were down year over year in December, and properties took a little more time getting scooped up. Meanwhile, condo prices in the City by the Bay saw a 9% increase from the same time in 2022, and opportunities were 10% more plentiful.
In today’s fast-paced market, the secret to making the most money from your sale is creating buyer interest right away. Over years of working with sellers, we’ve developed a winning team strategy to help you seamlessly sell your home at the highest value.
We don't just put a sign in the lawn and an ad online and hope that the home automatically sells itself. By expertly staging and strategically marketing your home early, we know how to intentionally create buyer excitement, drive early offers, and make your sale as profitable as possible. We develop personalized solutions to meet your goals. Whether you want to increase your property value, expedite your sale, or simultaneously sell your current home and buy your next one, we'll provide you with a level of service that’s just as unique as your home.
We're not shooting in the dark here. We use real time market data to provide sellers with a curated valuation strategy that drives the results they want. Compass proprietary technology allows us to see how your home price compares to similar listings, so we can help you sell with confidence. Wondering how to increase your home value before listing it? Working with us means you’ll have access to resources (contractors, inspectors, home goods shopping) that can help you make value-adding renovations to your home without spending any money up front.
