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This posting is from our new president, Rick Turley,
in order for you, especially those
who don’t agree with 북가주 강남님,
to understand the current market activity.

Consumers can get a lot of conflicting information from
many different sources.
You may show interested in real estate when you buy or sell
your own home. However, professional realtors like me are always
thinking about real estate 24/7.
It is our job, as Realtors, to provide you with accurate information
and we are the best source to turn to.

Let me advise you that from time to time we need to look at
whole mountains and time to time we need to look at a tree.
Otherwise, the results come out like the blind man who touches
the truck of an elephant and thinks an elephant looks like a snake.
Anyway, I hope this posting helps you have a better understanding of
what going on in the real world of real estate.


그럼, 잘읽어 보시기 바랍니다

Last weekend’s Super Bowl seemed to have little or no impact on the more than 350 Open Homes our agents provided throughout the San Francisco Bay region. Reports of 148 attendees on a North Bay listing, and over 300 for the weekend at a Menlo Park Open House were not met with surprise. In densely populated areas such as San Francisco’s Noe Valley, it was back to the old days of cars double parked up and down the narrow streets as Buyers scrambled to see the few new listings introduced to the market this past week.


It’s perfectly clear that what’s “not right” with this current market is not enough inventory. We are hearing the same lament in all our offices – from Palo Alto in the South to the Marina District of San Francisco in the North. It appears our offices in North Bay and East Bay share the same concerns. Of the offices that reported declining sales this week, it seems they are the same offices reporting decreasing inventory. You can’t sell it if you don’t have it.



Multiple offers are ruling the day again. Consider our Woodside office, perhaps harder hit in the “adjusting” market of 2006 due to the price point of their inventory. This week they reported 8 sales, of which 50% were in multiple offers. Six months ago it seemed Woodside was very far away from multiple offers being the norm again anytime soon. Burlingame reported multiple offers this week from the $700K price point to a recent listing they introduced at $3M. San Francisco agents are back to asking what the “offer date” is of a new listing, where it’s plain to see that nearly 50% of all sales are going into multiple offers in the City. It’s too soon to see if this is a “blip” or a trend – but in the meanwhile, the best Valentine’s present any Bay Area homebuyer could receive would be for more Sellers to get their homes on the market.