Arn Cenedella

Is the Market Turning?

It is probably too early to tell but the market does seem to be picking up in the past few weeks.

Perhaps some of this is just the typical seasonal spring pick-up or perhaps prices have fallen far enough so that many buyers feel current prices represent good value.

I can tell you that I am working with two first-time buyers at the current time. Both are looking around $800,000 – one in Sunnyvale and Cupertino and one in Redwood City, San Carlos, or Belmont.

Generally I plan to show each buyer 5 or 6 homes every week but it seems typically around 2 of those homes sell by the time the buyer can take a look.

The next few weeks should be interesting.

Hank Plante of KCBS gives his report on the strengthening market in San Francisco.

This entry was posted on Friday, March 13th, 2009 at 10:17 pm and is filed under Inspiration, Redwood City Real Estate, San Carlos Real Estate, Sunnyvale Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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