It’s finally Spring! Well that’s what we believe here as our Bay Area Spring starts right after the Super Bowl. 34 new listings on market for the Friday tour is the highest this year so there is your proof! Interesting to note is that several of the new listings this week are re-lists of homes that did not sell last year — that’s right, there are many homes in Palo Alto and Los Altos Hills that did not sell last year.
This week we saw the Friday tour (Mountain View, Los Altos, Palo Alto) offer only a handful of new listings, mainly due to the impending Super Bowl Sunday — yes, that’s right. Our local real estate spring market officially starts right after the Super Bowl! We launched our Mossbrook Eichler on the market this week and response has been very strong! If you saw the “before” photos you might notice we only did some color changes to get a very dramatic difference. Come see us at this weekend’s open house! Also, I’m delighted to share with you that I was featured in a blog article for SFGate: “Eichlers Are The Classic Cars of Modern Homes – With a Collector’s Premium to Match“. I was interviewed by a journalist who asked some questions about how Eichler buyers see the market and how they differ from non-Eichler buyers. Hope you think it’s an interesting read.
No new Eichlers on the market this week. However, there are signs that the market is beginning a slow awakening from the winter hibernation. Last week on the Friday tour (Mountain View, Los Altos, Palo Alto) there were 22 new listings. This week there are 29 new listings. I believe the endless rain, Trump inauguration, and rising interest rates may be playing into another slow week. After all, who wants to be hosting a Broker Tour or Open House in a torrential downpour? Several very attractive tear-down lots have also come on in Palo Alto so will be very interesting to see where those go.