As the result of a recently published analysis of various housing markets, Zillow-a multi use real estate web site, has concluded that the San Francisco Metropolitan Area is the second best area in the United States for home sellers.  The first area is the San Jose Metropolitan Area-not too far away.

Since the San Francisco Metropolitan Area, by definition, includes Oakland homes, Piedmont homes and other East Bay cities, that is encouraging news for those making plans to sell a home in our area. 

The criteria, for defining a seller's market, according to Zillow, is "one where sellers are more likely to sell their home for close to asking price, and where listings spend less time on the market."

Obviously, this situation varies from city to city, but the trend is there, and is has been highlighted by a large real estate website as worthy of note.  Also noted was many that many homes are being bought by investors and being held as rentals, with the intent to wait for anticipated future price appreciation in the future. 

So, should you have an interest in selling your home, this might encourage you to consider moving ahead as buyers continue to look during this traditionally busy season. I would be glad to put together a Comparative Market Analysis for your review which will give you an excellent picture of where your home and your neighborhood stands in this overall real estate picture.

Posted by Bruce Wagg on


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