Market Snapshot from Dec.1.2022 – Jan.11.2023

Hello Caton Team Readers. Thank you for tuning in.

Today I’m sharing a market snapshot – how many Single Family Homes and Condos are currently FOR SALE, how many are NEW on the market as of Jan 1, 2023, and how many are PENDING and SOLD as of Dec 1, 2022, in San Mateo, San Francisco and, Santa Clara Counties.

The bottom line – properties are selling. Frankly, buying during the “slow” time of the market – I.E. over the holidays and during the first part of 1st quarter – often offers a buyer LESS competition and perhaps some negotiation opportunities. Why? Homes for sale over the holidays and winter – HAVE TO SELL – and historically the winter season most buyers are in hibernation mode. Fewer buyers equal less demand and MORE opportunities for the buyers that are out there.

So, do yourself a favor; if buying Real Estate is a goal for you – let’s take a look at your budget with today’s rate. Because buying today – at today’s home prices – with temporary low demand – gives you an edge. Remember, when rates go down – a buyer can REFINANCE their loan, and grab that lower rate while earning equity as prices rise – because here in the San Francisco Bay Area – home prices have been rising since 1849 – and that’s accounting for the dips along the way.

If a buyer waits for rates to lower, demand will rise and we’re back to overbidding when inventory is low.

Key takeaways: Demand is low right now – in part due to the rise of Interest Rates from 2022 AND our seasonal market. The Caton Team has great success working with budget-conscious buyers during a slow market. Don’t wait for demand to rise when rates drop, don’t be another offer on the desk. Right now, today, many homes are NOT getting multiple offers – giving a buyer a chance to pay a fair price, without overbidding.

Each client is unique and each market is unique. The Caton Team is here to help you every step of the way – let’s chat about your options and devise a game plan to turn your dreams into reality.

Got Questions? The Caton Team is here to help.

Call | Text | Sabrina 650.799.4333 |  EMAIL  |  WEB  |   BLOG

Got Questions? The Caton Team is here to help.

Call | Text | Sabrina 650.799.4333 |  EMAIL  |  WEB  |   BLOG

We love what we do and would love to help you navigate your sale or purchase of Residential Real Estate. Please reach out at your convenience for a personal consultation. Please enjoy our free resources below and get to know our team through our clients’ words. Testimonials


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Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |  EMAIL  |  WEB  |   BLOG

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Got Real Estate Questions?   The Caton Team is here to help.

We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!

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 – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.

Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654 |EMAIL |  WEB|   BLOG

The Caton Team – Susan & Sabrina
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