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.
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!
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.
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!
We join with peaceful people of all faiths and beliefs around the world in calling for an end to all violence and hate.
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.
These days, with the stress of pandemics and wildfires and uncertain markets bearing down, we could all use an escape from the world outside to focus on self care. A home spa is one way to bring more peace and tranquility to your life, and we have some tips for doing it right.
First thing’s first: You need the right tub — something you can crawl into for a deep soak at the end of a long day. While you’re in there, light up some eucalyptus-scented essential oil candles to put you in the mood to chill. And be sure to have a stack of fluffy Turkish white bath towels handy. As for decorations, keep it clean and keep it simple, adding plants or fresh flowers for pops of color.
If shutting out the world is your thing, I recommend ceiling lights with dimmers and “blackout” blinds for the windows. When I’m relaxing, I don’t want to know if it’s day or night. Working from the ground up on design, I’m a big fan of heated tiles and a wraparound steam shower. And because I’m usually exhausted by the time I hop into the shower, a wooden sitting chair is a must.
