Spring 2023 Multiple offers are back in the Bay Area

Spring has kicked off with a BANG and so has the Bay Area housing market. Multiple offers are the norm, as homebuyers compete for the very limited homes available for sale in one of California’s most desirable areas. Credible industry experts, such as Mareijke Weidemann at Homes With M, are saying that housing bottomed out last month and our clients have been experiencing this firsthand — so what do you need to do?

In this edition, we share information about:

  • Who is buying Bay Area homes right now
  • How to get your customized home equity assessment
  • What you can do to create a customized real estate strategy

Who Is Buying Homes Right Now and Why Home Prices Are Going Up!

The Bay Area housing market is one of the hottest in the country this spring. Naturally, you might be wondering who’s buying all the houses and why are the prices skyrocketing so much. Mareijke’s latest video has the answers — watch it now!

The chart below shows homes that are under contract for purchase in March 2023 compared to a year ago. In the $600,000-and-up category, we have only 55 homes under contract compared to 111 last year this time. If you’re selling, it’s an incredible time to take advantage of the supply shortage. I can help you solicit a full market response to help sell your home fast.

 

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Need an Equity Check Up on Your Home?

Connect with me for a free customized home valuation, during which we’ll discuss the value of your Bay Area home and how you can benefit the most from selling it.

As the top real estate agent in the East Bay, I’m here to help with your questions and help you work out a strategy for your next move.

Talk with you soon,

Mareijke 415.509.1699

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