Hello Caton Team Friends,
Here’s our tri-county Market Snapshot for the first half of March 2023 📈📊📉
Wow – What a month thus far. The market is feeling the shock of the SVB bailout – however – perhaps interest rates will stay where they are rather than rise as forecasted.
Whether selling a home or buyer, each market and price point is different – Let The Caton Team guide you to your goals. 🗝️ It’s what we do. How can The Caton Team Help You?
The Mateo County saw a slowdown in new listings, pending and solds for this snapshot. A few homes even were pulled from the market. However, we saw an uptick in condo/townhome sales both in pending and solds. Savvy buyers getting in while they can.
San Francisco County saw an increase in new and active listings, while pendings and solds were down. I think this is a reflection of the price point and the job market in SF. But have no fear, Real Estate is a cycle, and this downturn in the market is what buyers have been waiting for – though the interest rate didn’t help their cause – but refinancing when rates come down will be an option.
Santa Clara saw the most change, with new and active listings down. However, sales made early in the month and February closed!
Over all, in the past week – we’ve noticed properties are having more interest, buyers are getting approved for loans and I’m seeing a few properties with offer dates and 3-5 offers.
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 🏡
Contact The Caton Team 📲 Sabrina 650.799.4333 | Email Info@TheCatonTeam.com
Each market is unique and with over 35 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.
Call | Text | Sabrina 650.799.4333|Email|Info@TheCatonTeam.com
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