The temperature outside is approaching 90 degrees, and that's appropriate, because our local real estate market remains HOT, too.
At our weekly office meeting this morning, the consensus among the agents was that the price point for multiple offer activity has moved up to $2,000,000. A slightly underpriced Cupertino property was listed around $1,400,000, and had thirty offers, selling for about $400,000 over the listed price!
Word from up the Peninsula is that the market there is strong, too. Los Altos agents are crediting the effect of Google money. In areas with top schools, like Palo Alto and Saratoga, the activity is still strong up to $2,500,000.
In general, the South County market is much slower, with the exception of Almaden...schools, again? An Almaden Valley house, listed at $1,425,000 just sold this week with 10 offers.
At our weekly office meeting this morning, the consensus among the agents was that the price point for multiple offer activity has moved up to $2,000,000. A slightly underpriced Cupertino property was listed around $1,400,000, and had thirty offers, selling for about $400,000 over the listed price!
Word from up the Peninsula is that the market there is strong, too. Los Altos agents are crediting the effect of Google money. In areas with top schools, like Palo Alto and Saratoga, the activity is still strong up to $2,500,000.
In general, the South County market is much slower, with the exception of Almaden...schools, again? An Almaden Valley house, listed at $1,425,000 just sold this week with 10 offers.
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