Market Update –

Hello Caton Team Friends,

Here is our monthly market update for San Mateo and Santa Clara Counties:

Dated 9.30.23

And here is a little treat for anyone who reads beyond this chart.

Silicon Valley Real Estate in 2023 has been one of the most interesting years in my career. These interest rates are something else. We’re starting to see the market soften – because it has to. For instance – It’s a $2000 dollar a month difference between a 3% rate and a 7% rate on a 1 Million Dollar property – with 20% down and a 30-year fixed interest rate. That’s a decent amount of money and it’s going to affect purchase power. So yes I expect the market to soften.

Soften like butter – not crash. The Caton Team believes now is always a good time to buy or sell Real Estate. Now you ask? Yes, because it depends on your personal situation and needs. Life happens every day, situations change in a heartbeat. What we do know is this – we can do the best we can in the market we’re in.

Interests Rates won’t be high forever, price reductions won’t happen forever. Overbidding and multiple offers are still happening – on some properties – but not on every property. The Caton Team has had great success with our buyers and sellers this Spring, Summer, and Fall seasons, among all the interest rate changes. So if buying or selling is something you’re chewing on – reach out and let’s chat. It’s either a good time for your Real Estate goals or not – and only you know what that looks like.

Let us know how we can be of service – we love what we do and we’re happy to work with you.

The Caton Team | 650.799.4333 | Info@TheCatonTeam.com

Right now, I’m seeing great opportunities in the condo/townhome market – if a buyer can swing the higher rates and HOA dues – a condo/townhome is a great way to break into the California Real Estate Market. We’re seeing a lot of price adjustments on single-family homes priced at $1.5 Million + as sellers find that happy medium or opt to rent the home out. We’re here to help you find that meeting of the minds. Reach out when you’re ready to chat.

The Caton Team | 650.799.4333 | Info@TheCatonTeam.com

Thank you for reading my Real Estate blog!

-Sabrina

Whether selling a home or buying one, each client is unique and each market and price point differ. Let us customize a Real Estate strategy for you and let The Caton Team guide you to your goals. 🗝️ It’s what we do.

How can The Caton Team Help You? Contact The Caton Team 650.799.4333 | Email Info@TheCatonTeam.com

Looking forward to watching this market while guiding our clients to their goals. Let us know how we can be of service.

Contact The Caton Team Sabrina 650.799.4333 | Email Info@TheCatonTeam.com

Whether you are selling or buying – today or tomorrow – contact The Caton Team – we’re happy to help you achieve your Real Estate goals.

Effective. Efficient. Responsive. The Caton Team 🏡

Call | Text 650.799.4333 | Email Info@TheCatonTeam.com

Each market is unique and with over 40 years of combined Real Estate experience, The Caton Team is more than happy to be of service if and when you are considering a move. Contact us anytime during your journey, together we’ll help you achieve your Real Estate goals.

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The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true.

A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – wouldn’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
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