Berkeley-Oakland Real Estate

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Now is the Best Time to Be a Seller

The East Bay/Bay Area real estate market is in high demand. That means that it is an excellent time to sell!See what homes are for sale now in Berkeley
See what homes are for sale now in Oakland

Recently, I heard famed Bay Area Real Estate Economist Carole Rodoni speak about our unique Bay Area Real Estate market.  Among her most important points that pertain to our East Bay Real Estate market as we start the real estate recovery of 2013 were:

  1. Real estate is one of the two main drivers of the U.S. economy; the other being the stock market.  The U.S. economy is not great, but is doing better than other world economies and is being kept alive by real estate and the stock market. 
  2. The Bay area economy is an island unto itself.  It’s driven by technology, diversity, creativity…like no other area in the world.  Here, real estate will be in demand because people will always want to live here.  
  3. The present crazy real estate market in the Bay Area/East Bay is not a bubble market.  It’s not artificially inflated, like the 2004-2007 market was.  The present Bay Area real estate market is driven by demand from solid AAA Buyers with lots of cash for the most part rather than “pretend income” loans. 
  4. Search homes for sale in OaklandNow is the best time to be a seller in the Bay Area.  The demand now is the greatest it has been in a while.  Demand will inevitably even out as more houses come on the market, interest rates increase and the AAA Buyers become satiated.  That's not to say that prices will take a dive, but overbids will not be as wild as they are now.

To work out a strategy to navigate this market in our East Bay real estate, whether you happen to selling, buying or investing, do give me a call.

Barbara Reynolds, your East Bay real estate specialist

Originally posted on my Elmwood Home real estate blog here: http://elmwood-home.com/time-to-sell-east-bay-homes/.

McGuire Real Estate

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Barbara Reynolds, MacGuire Real Estate, East Bay Real Estate Specialists

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Comment balloon 2 commentsBarbara Reynolds • April 25 2013 10:37AM
Now is the Best Time to Be a Seller
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