Feeling Thankful
/We’re feeling thankful for the many blessings in our lives, and we hope you get to spend this Thanksgiving weekend with your friends, family, and loved ones. Why are you thankful?
We’re feeling thankful for the many blessings in our lives, and we hope you get to spend this Thanksgiving weekend with your friends, family, and loved ones. Why are you thankful?
In case you missed it, real estate inventory is in short supply, particularly in the Bay Area. That means fewer sellers selling, more buyers bidding, higher offers mounting, and... a partridge in a pear tree?
Looking at this chart, you’ll see that Santa Clara County has 53% less active listings than one year ago — and that was at the height of the pandemic! It’s not much better in San Mateo County, where there are 47% less active listings year over year.
The first thing holiday sellers should know is that winter buyers aren’t messing around. They are ready to buy and will make offers based on need rather than want. For example, someone moving due to a job transfer or other professional opportunity will be more motivated to secure a new home right away.
Don’t forget about end-of-year tax breaks! Buyers can deduct the mortgage interest, property taxes, and interest costs of their home loan if the sale closes on or before December 31. Bottom line: If you have someone interested in your home during the holidays, it's a good idea to take them seriously.
It’s been a great year for real estate, and our clients are reaping the benefits. We’re so grateful to each and every one of you for being part of our family!
Inventory is tight. That means homes are spending shorter times on the market — and selling at higher prices. If you’re thinking of buying, you’d better be ready to pay well over the list value to get the home you really want. Contact us if you want to learn more.