Fall into place
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We wish you a warm and cozy season of new memories made with friends and family. With the right agent, your real estate goals can fall into place easier than you might think. Get in touch with us to explore your options!
Santa Clara County Market Update - September 2023
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As Pearl noted in this week’s Chic vs. Geek, inventory is down throughout Silicon Valley, as indicated by a 27% year-over-year dip in home sales in September for Santa Clara County, and a staggering 37% drop in condo sales. Consequently, median prices are up from this time last year, and homes and condos are spending 35% less time on the market.
Scared of selling?
/Spooked about making a move this season? We’re here to offer you peace of mind and confidence in listing your home. Carve out some time today!
CHIC (Pearl)
If you’re looking to shine a spotlight on your home, now is the time! Inventory remains low, with Santa Clara County experiencing a 30% decline in September year over year (see more in Number Talk), and San Mateo County dipping 17%. According to the National Association of Realtors, this tight market shows no signs of expanding anytime soon, which means sellers should expect multiple offers, bidding wars, and quick sales. If you need further proof, local homes are spending an average of just 20 days on the market.
GEEK (Kevin)
At the same time, high interest rates and limited inventory aren’t deterring first-time home buyers, who continue to enter the market and are accounting for 29% of all sales, according to the same NAR report. Meanwhile, all-cash offers account for 27% of sales, allowing for a diverse range of purchasing options. In other words, you should have no problem finding a qualified buyer. And with more than 3 offers on average, you’ll probably have a tough decision to make. But that’s what I call a good problem to have!
Praying for Peace
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We join with peaceful people of all faiths and beliefs around the world in calling for an end to all violence and hate.
Another month for the taxman
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Procrastinators rejoice! The IRS and State Franchise Tax Board announced yesterday that they would extend the deadline — again — for most Californians to file their 2022 income taxes. You may recall that the deadline was already pushed back to in response to the deadly winter storms. The new deadline is Thursday, Nov. 16, for businesses and residents in 55 of 58 counties. The Chronicle has what you need to know.
