Prices Continue to Appreciate

The Bay Area’s housing market is finishing 2013 where it began the year – with home sales enjoying sharp gains over last year and prices continuing to appreciate.  It is particularly showing impressive strength in the luxury market.  This comes as the stock market nears record highs, raising the net worth of many luxury home buyers, and the economy finally seems to be gaining some traction.

So as we head toward 2014, all signs point to a healthy market overall. That’s not to say we don’t have our issues. Inventory remains way too low, which continues to restrict sales. But my hope is that more sellers realize that the housing market has indeed turned around, values are up once again, and buyers are out there ready to purchase, and we’ll see a wave of new listings come on the market in the new year.

Should you have any questions regarding buying or selling properties in the Wine Country please don’t hesitate to contact me.

Happy New Year!