I love autumn. The air is crisp – we’ve got this rain thing happening from time to time. It is magical here in the Silicon Valley. But what I truly appreciate about the end of the year is the opportunity in Real Estate. Time and time again I see the market cool after summer ends and school starts. After all, we are habitual creatures.
As some of the leaves turn colors, some of the buyers change their focus. Who can blame them – after a competitive Spring and Summer – those looking to buy can feel a little beat up and bent out of shape. However, if you can muster the courage to read another set of 500 disclosures in 36 hours – then you might just be open to an opportunity.
The Fall season is a unique situation. Excess inventory from the Spring and Summer is still available and clearly with a need to sell. Perhaps it was overlooked, over priced, under priced – who knows. If it is for sale – it needs to sell. Currently, we’ve got the most inventory we’ve had in the past two years. But don’t be fooled – a normal SF Bay Area Peninsula Real Estate market has 3 months of inventory – compared to the whopping 1.5 months of inventory today. What does that mean? We still have demand and the well priced homes are moving relatively quickly. That is what has fueled our local Real Estate market for the past couple of years. High Demand and Low Inventory. Add amazingly, historically low interest rates and boom – local Real Estate health.
To make a long story short (and if you’ve like the long story – please contact me) the Fall is a great time to buy Real Estate. Even with the fear of a “bubble” – it is still an opportunity. Real Estate is a long-term investment. And like all investments, it will fluctuate with the market demand. It would be realistic to say appreciation will slow down. It cannot keep this breakneck speed forever. A normal market does not appreciate double digits month over month into perpetuity! So price correction is part of the conversation.
Truly, each persons journey with Real Estate is unique. And it is part of your investment and life plan. The Caton Team is happy to sit down with you and explore your opportunities. Contact us anytime. Info@TheCatonTeam.com / 650.799.4333
By Sabrina Caton, November 2016
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