Surely, every Realtor in the Bay Area is pumping this new article about the luxury home market in our area, so I guess I better do the same. It’s not like you haven’t heard it from me before, with all of my stories of multiple offers, all cash buyers, and the general state of our market. But what the hell. It’s more data, and I know you all love it.
I’m anxious to see how this fall selling season goes. There was such a flood of inventory these past couple of weeks, the buzz certainly seems to have mellowed a little and spread the buying field out. The next couple of weeks will be particularly interesting in regards to offer dates, and whether we will see the same numbers of offers on individual properties we had seen in the summer. I’ll keep you posted.
-“Red Hot” Bay Area Luxury Home Market Sees Biggest Jump Since 2006 [Business Times]