Spring Market
Recently there has been a noticeable shift in the Lamorinda market. Buyers are waiting to find the right home at the right price with no urgency to pull the trigger, submit an offer and sign a contract.
The “just bring your toothbrush” listings are moving, if price reflects current market values. Overpriced, outdated homes sit until they are offered at a discount. Entry level homes are moving briskly, while the higher priced luxury homes experience record days on market.
2020 appears to be shaping up to be a balanced market. There are still motivated sellers and active buyers out there. Prices are high and inventory is tight, the financial markets remain strong, and interest rates remain low. Our location, schools, and lifestyle remain the best in the Bay Area!
Best strategy for 2020 is for sellers to be pitch-perfect when listing their home. A strategic offer price, pre-inspections, repairs, excellent staging, top quality marketing, and your local agent’s connections and experience will lend the best possible outcome. Buyers need a hyper-local, savvy and experienced agent to help land the right home
Let me know how I can be of help!
