Santa Clara and San Mateo Housing Marketing Analysis - October 2019

t h e S T A R STRAIGHT TALK ABOUT REAL ESTATE

Real Estate Market Update October 2019 Stats

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HOUSING MARKET UPDATE MARKET SUMMARY If you think the Real Estate Market is softening, "You're Right". Cities in Santa Clara and San Mateo Counties have experienced a declining market since February 2018. Sixteen (16) of twenty two (22) cities included in this report are in a Slight Seller's Market, while Hillsborough and Los Altos Hills have crossed the threshold into a Buyer's Market.

We're fortunate to live in the San Francisco Bay Area and Silicon Valley.

Downturns in the Real Estate market here usually have a short life cycle.

Eighteen (18) to twenty four (24) months locally compared to 48 to 60 months nationwide. Approximately 2 years ago, Economists predicted a market shift would occur and continue for around 18 months. If it started around February 2018, one could surmise we're close to the tail end.

However, in Presidential Campaign years the Real Estate market has always been volitale. Never the less, even in down markets, there are Buyers who need to Buy and Sellers who need to sell.

Look at it this way. We are entering a Real Estate Market of the likes we haven't seen in nearly 20 years. It's called a "Balanced Market". Don't blink though, this market disapears in a blink of an eye. It would be a shame to miss it because you had your eyes closed.

Here's the hard facts: Buyers are hesitant to buy in a Buyer's Market because they're looking for the deal. So they continue waiting for the prices to drop. Sellers are hesitant to sell in a Seller's market because they believe prices will continue to raise. Since no one can accurately predict where the market's heading, Buyer's should buy when they find the house they like and Sellers should sell when they have an offer they can accept. This way Everyone wins.

STRAIGHT TALK: If you're serious about Selling your home, don't test the market by overpricing it. Doing so will tell Buyers you're not serious. Eventually, you'll have to lower the price inorder to entice a Buyer to make an offer.

It's a losing strategy. So don't do it. Instead, hire great agents who are experienced in various selling strategies to get you the highest price for your home.

Call John and Lydia at: (650) 383-8084

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HOUSING MARKET UPDATE Content Page

Page # Content -----------------------Market Summary -------------Market Analysis for Santa Clara/San Mateo Counties --Atherton ----------------------Belmont -----------------------Burlingame -------------------Campbell ---------------------Cupertino ---------------------East Palo Alto ----------------Forter City --------------------Hillsborough -----------------Los Altos ----------------------Los Altos Hills ----------------Los Gatos ---------------------Menlo Park -------------------Mountain View ---------------Palo Alto ----------------------Redwood City ----------------San Carlos --------------------San Jose -----------------------San Mateo ---------------------Santa Clara--------------------Saratoga -----------------------Sunnyvale ----------------------

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ABOUT JOHN & LYDIA

About US

John & Lydia Direct: (650) 383-8084 Email: JohnStClair@kw.com DRE#: 01183450

Broker & Salesperson Licensed since 1994 & 1997 40+ yrs combined experience Assisted hundreds of clients with Buying & Selling properties 5 Star Customer Satisfaction Focus solely on Clients' need Specialize in Single Family Homes, Condos/Townhomes, 1031 Exchanges, Investors, Multiple Units 20+ yrs. Community Volunteers

Our Mission To Provide Exceptional Service to our Clients where their Real Estate Goals are Our Number One Focus.

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