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California Real Estate Looking Strong!

Updated: Mar 21


Golden gate bridge California

California's real estate landscape is showing signs of vibrant activity and potential, especially in the counties of Santa Clara and San Mateo. In Santa Clara County, despite a month-over-month dip in home sales, the year-over-year figures tell a different story, with sales jumping by nearly 20%. This is complemented by an 11.8% increase in median sales prices for single-family homes, from $1.53 million to $1.71 million. This upward trend in prices is a testament to the enduring value and appeal of homes in the area.


San Mateo County presents a nuanced market scenario. While it saw a decrease in sales activity, the median sales price experienced a significant surge, starting the year at $1.97 million, marking a 21.5% increase from the previous year. This indicates a strong market for sellers, with property values continuing to appreciate.


 

Today's Featured Listing!


9211 Boyce Road, Winters CA

Click HERE or the image above for full details and photo's or reach out to Listing Agent Edwin Lagaspi HERE or at 707-580-8889 for more details and to schedule a showing!

 

Both counties are experiencing an increase in new listings, suggesting a gradual but promising expansion of the housing inventory. This development is encouraging for potential homebuyers and sellers alike, indicating a dynamic market with more choices on the horizon.


The insights from industry experts like Eileen Giorgi and Jordan Levine highlight a cautiously optimistic outlook for the housing market in 2024. With expectations of declining mortgage rates and an improving inventory, now is a pivotal moment for those considering entering the market.


For those contemplating buying or selling a home in these dynamic times, the current trends underscore the importance of staying informed and prepared. The slight fluctuations in interest rates and inventory levels present unique opportunities, and acting at the right moment could be key to securing the best deal. To navigate these promising yet complex market conditions, engaging with a knowledgeable real estate professional can provide the guidance and insight needed to make informed decisions.


We invite potential home buyers and sellers to reach out through our "Contact Us" form to explore how we can assist in achieving your real estate goals. With a deep understanding of the California housing market and a commitment to personalized service, we are here to help you navigate this exciting journey. Remember, the right opportunity could be just around the corner, and we're here to help you seize it.


See today's Featured Listing and more on TV by installing MoveTube on your Roku, Amazon Fire TV or Apple TV for FREE!



Courtesy of Mortgage Masters of California NMLS #1928590 - DRE #02113411.

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