t h e S T A R STAIGHT TALK ABOUT REAL ESTATE
September 2019 Real Estate Market Update
John & Lydia Direct: (650) 383-8084 Email: JohnStClair@kw.com DRE#: 01183450
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SEPTEMBER 2019 MARKET UPDATE Content Page Page #
Content -----------------Market Summary -------Market Analysis Graph-Atherton ----------------Belmont -----------------Cupertino --------------Forter City --------------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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SEPTEMBER 2019 MARKET UPDATE MARKET SUMMARY I f y o u t h i n k t h e R e a l E s t a t e M a r k e t i s s o f te n i n g , "Y o u ' r e R ig h t" . M o s t c i t i e s i n S a n t a C l a r a a n d S a n M a t e o c o u n ti e s h a v e e x p e r i e n c e d a d ec l in in g m a rket f ro m F e b r u a r y 2 0 1 8 u n t i l t o d a y . A t h e r t o n , H i l l s b o r o u g h a n d L o s A l to s H i l l s h a v e c r o s s e d t h e t h r e s h o l d i n t o a B u y e r ' s M a r k e t w h i l e o th e r c ities rem a in a S el l er's M a r k e t , ( e v e n i f i t ' s e v e r s o s l i g h t). So, what does this mean? W e a r e f o r t u n a t e t o l i v e i n S a n F r a n c i s c o B a y A r e a a n d S il ic o n V a l l ey . O u r R e a l E s t a t e m a r k e t t e n d s t o r e c o v e r m u c h f a s te r th a n th e r e st o f th e n a tio n . A p p r o x i m a t e l y 2 y e a r s a g o , E c o n o m i s ts p r e d i c te d th i s d o wn tu rn wo u l d h a p p en a n d c o n t i n u e f o r a r o u n d 1 8 m o n th s . W e l l . . . i f i t s t a r t e d a r o u n d F e b r u a r y 2 0 1 8 , t h e n o n e c o u l d s u r m i s e w e ' r e a t th e ta i l e n d o f th a t c o rrec tio n . O b v i o u s l y , t h e r e a r e m a n y f a c t o r s w h i c h h a v e a n e f f e c t o n th e m a rket, su c h a s: th e e c o n o m y , s t o c k m a r k e t , i n te r e s t r a te s , p o l i ti c s , w a r . . . T h ere's n o g u a ra n tee th is m a r k e t t r e n d w o n ' t c o n t i n u e th r o u g h o u t 2 0 2 0 , ( e s p e c ia l l y g iven th e c u rren t political climate we're in). E v e n i n b a d m a r k e t s i t ' s p o s s i b l e to b e o n th e w i n n i n g sid e o f a tra n sa c tio n . B u y e r ' s s t i l l n e e d t o b u y a n d S e l l e r ' s s ti l l n e e d to s e l l . A s h o u s i n g i n v e n t o r y increases, housing prices will decrease. This is the market operating as it n o r m a l l y w o u l d , ( E c o n 1 0 1 - S u p p l y a n d D e m a n d ). W e ' r e a t a n u n i q u e t i m e i n R e a l E s ta te . W e ' r e a p p r o a c h i n g a b a l a n c e d m a r k e t. A market where both Buyers and Sellers can win. What I've noticed in my 25 y e a r s o f s e l l i n g R e a l E s t a t e , B u y e r s a r e h e s i ta n t to b u y in a Bu y er's M a rket b e c a u s e t h e y ' r e w a i t i n g f o r th e p r i c e s to d r o p f u th e r a n d S el l ers a re h esita n t to s e l l i n a S e l l e r ' s m a r k e t b e c a u s e th e y ' r e w a i ti n g f o r th e p ric es to ra ise. S i n c e n o o n e c a n a c c u r a t e l y p r e d i c t w h e r e th e m a r k e t' s h e a d i n g , th e o n l y win n in g s t r a g e t y i s t o a c t i n o n e ' s o w n b e s t i n te r e s t a n d d o n ' t l o se o u t.
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SEPTEMBER 2019 MARKET UPDATE
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ABOUT JOHN & LYDIA
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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 15+ 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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