November 2017: Peninsula Real Estate Market Report
The holiday season is fast approaching! Here is what this means for our local market:
Supply remains low, and demand remains high.
The Peninsula’s inherently limited number of properties and consistently high demand is a perpetual boost for sale prices. But this year, fewer homes are being listed than in years past—pushing sale prices even higher, with sale-to-list percentage has climbed to 104.8% for the year.
We continue to see homes sell with multiple offers.
Correctly priced, well marketed homes are selling at or above list price, in few days on market. Median sale price is at $970,101 year-to-date, so far tracking higher than any past year. Median days on market are down as well, at 11.9 year-to-date, compared to 13.9 at this time last year. These stats really add up when you are selling your largest financial asset.
As the holidays approach, buyers will still be searching.
I will be working through the holidays as my new buyers begin to ready themselves for the coming year. ‘Tis the season to be achieving your real estate goals!
As a homeowner, what does this mean for you?
If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.
It’s simple: you deserve the highest possible price in the fewest days on market for your asset. With over half a billion sold on the Peninsula, my proven systems are go to work on ROI for you, with expert property positioning, highly targeted pre-listing marketing, and a strategic approach—so you can rest easy knowing you are in good hands.
If you are thinking about selling your home in the next 12 months, call me today for your strategic marketing consultation –> 650-714-8662
We will cover your goals, and my unique approach to getting you the highest possible price in the fewest days on market.
To your success!