Diablo Valley and Lamorinda Real Estate
Home Prices by City; Short-Term & Long-Term Appreciation Trends; Migration In & Out of the County; Price Reductions & Unsold Inventory. After the heat of the spring market, activity typically slows down in July and August. In September, new listings start coming on the market again to fuel the relatively short autumn selling season. What …
Continue reading “Lamorinda & Diablo Valley Real Estate September 2019 Report”
Sales & Values by City, Price Segment & Lot Size; Market Seasonality; Luxury Home Sales; Market Dynamics by City; Foreign Homebuyers. The May Case-Shiller Home Price Index was released in late July for the 5-county SF metro area. This chart illustrates the difference in appreciation rates between the Bay Area (higher price markets) and the …
Continue reading “Diablo Valley & Lamorinda Real Estate August 2019 Report”
Executive Summary: Higher-end sales (above $3 million) surged in the second quarter to last year’s historical peaks. Home prices remained flat in the second quarter, except in San Francisco and San Mateo. For-sale inventory growth slowed considerably, especially in San Francisco. Inventory remains at 50 percent of the last housing boom. Tax reform is likely …
Continue reading “How did the spur of IPOs impact Bay Area housing markets?”
Stock markets hit new peaks and interest rates hit multi-year lows. The market had its typical spring bounce in demand, but generally speaking, remained cooler than it was in the first half of 2018. Year-over-year home-price appreciation has basically disappeared for the time being, with prices stabilizing, more or less, at last year’s peak levels. …
Continue reading “Diablo Valley & Lamorinda Q2 Market Report – Compass”
Friday’s national employment report from the U.S. Bureau of Labor Statistics showed that the U.S. economy added 224,000 in June, exceeding the expectations of market observers who were counting on lower gains amid some slower May economic reports. The current economic expansion also entered its 121st month in July, marking the longest expansion in modern …
Continue reading “June U.S. Jobs Report: Continued strength lowers expectations of Fed cut in July”
California added 19,400 jobs in May bringing the unemployment rate down to 4.2 percent, according to the latest report from the state Employment Development Department. The lowest unemployment rate, 4.1 percent, was seen in second half of 2018. Current job growth is at a 111-month expansion — the second-longest since 113-month expansion of 1960s. With …
Continue reading “California on track for longest job expansion in recorded history”
Executive Summary: While April’s momentum is slightly slower in May, May sales are still only 2 percent below last year’s highs after double-digit declines earlier in the year. Home sales momentum remains solid in East Bay. Napa sales finally jumped 6 percent after a 6-month losing streak, averaging 20 percent annual declines. Affordable sales picked …
Continue reading “Plenty of Bay Area buyers, but why are they hesitant?”
While overall Bay Area pace of sales in May still trends 2 percent below last year’s levels, some regions are starting to see sales pace pick up ahead of last year. Sales below $1 million are up for the second month in a row after more than 20 months of annual declines. CONTRA COSTA COUNTY …
Continue reading “Compass May 2019 Bay Area Real Estate Update”
Spring Market Dynamics Somewhat Cooler Than Spring 2018; Median Home Prices Stable; Luxury Home Sales Hit New Monthly Highs. Long-Term Median Home Price Trends Short-Term Median Home Price Trends Year-over-Year Comparison of Market Statistics This table and the charts further below of selected market indicators illustrate some cooling as compared to the very hot market …
Continue reading “Diablo Valley & Lamorinda Real Estate Markets June 2019 Report”
Buyer Demand Strengthens, Median Home Prices Rise, but Conditions Still Cooler & Prices Lower Than in White-Hot Market of Spring 2018. Median House Sales Prices Long-Term Trends Year-over-Year, March-May Comparisons Santa Clara Luxury Home Sales The luxury home market is fiercely seasonal with sales volume typically peaking in May or June – remember that one …
Continue reading “Santa Clara County Real Estate June 2019 Market Report”
