November 2021

Happy Holidays Alameda! Despite that it's been two years since COVID-19 was announced in China, the real estate market has proved that due to low interest rates, the ability of remote workers to move away, a new wave of new home buyers and a lack of housing units to buy, we have seen home values in the Bay Area shoot up from a normal 8% appreciation per year to 21%. Even with immense gains nationwide, real estate stocks such as Zillow, Redfin and Compass are all down a negative 40 to 60% this year. Our market is mostly up and our listing at 612 Waterview received a whopping 40 offers and sold with no updates and no staging! This goes to show that you do not always have to spend money fixing up your house to sell it for a good price. You may not need to waste time and spend money on upgrades that the new owner might not like, but you DO need a good local Realtor to negotiate the best deal for you.

?Fortune Magazine surveyed seven companies about what the market will be like next year and the opinions range from leveling off to another strong year but less robust than 2021. In our opinion, the market will most likely peak next year so if you plan to sell, give us a call today for a free consultation. If you don't plan to sell in 2022 watch for the dip because incomes are not keeping pace with home appreciation and eventually the market will change. Winter is coming.