Number Talk: Lagging Market Indicators

There’s always a lag of about 3 to 6+ weeks between a new listing coming to market, an offer being negotiated and accepted, and the close of sale. This means almost all the data we have as of the first week of April still reflects the market before the shelter-in-place rules went into effect. And in virtually all Bay Area counties, median sale prices were actually quite strong in March.

The spring selling season is usually the most active of the year and, typically, the standard market indicators - new listings coming on market, total listings for sale, listings going into contract, sales closing escrow - all climb steadily from March to June.

As you might expect, all of these standard indicators have seen very significant declines during the shelter in place. At the same time, the number of listings pulled off the market has spiked. That said, even though inventory is down, listings continue to go into contract.

– The Geek

Friday Gratitude: Our First Responders

Right now, our healthcare workers are on the frontlines of battling the novel coronavirus. Thank you for the sacrifices you make, every day and especially during this pandemic!

Introducing: Sunnyvale

Sunnyvale is a prime spot at the center of Silicon Valley. It’s home to just as many mom-and-pop businesses as tech startups – with a rich history that follows the evolution of valley from orchards to office parks. The comfy, sunny climate is blended with easy access to transit, shopping, and highly-rated schools.

With a population of over 150,000, Sunnyvale is the seventh largest city in the Bay Area and second largest in Santa Clara County. It’s a city of technology and innovation, but also quiet family neighborhoods and a diverse community. You’ll feel right at home no matter where you roam.

Learn more in the Neighborhoods section of our website.

Chic vs. Geek: COVID-19 Scams

How can we make sure to avoid scammers and Zoom bombers during the shelter in place?

CHIC (PEARL)

The authorization of COVID-19 relief funds by the federal government under the CARES Act has seen a rise in scammers trying to divert those funds into their own pockets. Here are some helpful tips for staying safe online and avoiding any delay in receiving vital relief funds coming your way. And stay tuned to the Federal Trade Commission for updates and alerts about coronavirus-related scams.

GEEK (KEVIN)

While we’re all socially distancing, and some of us are learning to work from home, virtual meetings have become the new norm for meeting, organizing, and socializing – sometimes all at once! However, popular tools like Zoom and WebEx have also become a target for hackers looking to get access to your personal information. Here’s a guidebook to lock down your online meetings.

Friday Thank You Note

We’ve been donating food and money to coronavirus relief – what little we can spare – and we wish we could be doing more. Turns out we’re not alone. Have a look at these Google search trends we found!