Although second-quarter inventory improved on an annual basis in more than half of the Northern California regions in which Pacific Union operates, prices increased in every region. The Mid-Peninsula, Sonoma County, Sonoma Valley, and Lake Tahoe/Truckee regions recorded double-digit-percent, year-over-year appreciation.
Below, Pacific Union Chief Economist Selma Hepp offers a brief synopsis of second-quarter real estate activity in each of Pacific Union’s regions. Where you can access the latest regional and community-specific market data and statistics to help you make a better, more informed homebuying or selling decision. Read full article @elizabethGkilgore
East Bay
The East Bay‘s housing market showed robust sales in the second quarter, with more homes sold than during the same period last year. The only Bay Area region with more sales in 2018 compared with 2017. Homes priced below $1 million remain in high demand. Buyer competition again heightened, with eight out of 10 homes selling for more than asking price and all price ranges seeing more bidding wars than last year. The seasonal increase in homes for sale has helped satisfy eager buyer demand to some degree.
Click here to read the full Q2 2018 East Bay real estate report.
Marin County
Second-quarter home sales activity in Marin County mostly reflected typical trends observed in the previous few years. Bidding wars were again common, and more homes sold for premiums than during the same period last year, especially those priced between $1 million and $2 million. About 65 percent of homes sold for more than asking price in the second quarter.
Click here to read the full Q2 2018 Marin County real estate report.
#inventory #Marin #BayArea #home #economy #sales #demand #realestate #homebuyers #homesellers #PacUnion #egk415 #Tiburon #elizabethGkilgore
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