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Market Update – March 17, 2017

We just put 151 Brahms Way  (a Sunnyvale Townhouse) on the market so I’ll be hosting open house this weekend if you want to stop by and chat about the market.  56 new listings just for the Friday tour alone so as you can see, the nice weather is finally bringing out some sellers.  The raise in interest rates might have some buyers jumping into action so it will be interesting.  I have seen so many new apartment complexes under construction these last couple years finally now coming available, so that may keep a damper on rental rates (supply/demand).  I am seeing some softness in single family home rental rates, should see if that makes buyers complacent for a while or if they realize it’s just plain more affordable to own!

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Market Update – March 10, 2017

Solid activity continues to be the trend as our Spring selling season gets underway.  All the Sunnyvale Eichlers that flooded the market around Remington and Hollenbeck are now Pending.  The others sold well over list price and, as predicted, the totally tricked out Edmonton listing set a new record for Sunnyvale, going over $2.6m! It’s also quite a surprise (and annoying) that we do not have any Highlands Eichler’s yet to come on the market this year!  Some have sold off-market so we cannot say that nothing has sold, but I feel demand is building.  We’re only a couple months away from the Eichler Home Tour  (May 6 and 7) showcasing this incredible community.  Eichler Homes Realty is proud to be a sponsor of this event.  The Highlands neighborhood of San Mateo has the largest contiguous collection of Eichler homes in the nation.  The Home Tour is a fabulous opportunity to preview ten Eichler homes.  In fact, I will be hosting one of these homes.    Tickets are on sale now at  Hurry – this event is expected to sell out.  All proceeds from this event go to the San Mateo Highlands Elementary PTA.

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