Prices for Bay Area homes higher than last year, despite pandemic restrictions. Reason behind this pricing is fueling quick sales and a robust market, on average a newly listed home in Bay Area get sold in 21 days. In county like Alameda & Santa Clara price jumped 6-7% than previous 2019, specially for single-family homes.
After pandemic you will see a sharp jump in house pricing in Silicon Valley. Since the late 1990s real estate has been a goldmine for investors. Why is it so ? reason is tech boom! companies like Apple, Google, Facebook and more growing companies. These all brought millions of jobs and wealth to the area.
Why it’s great time to buy ? because you are not buying at the high, instead you are buying when prices are already down by 5% – 15%, depending on the area. When comparing with 1Q2018 prices.
Is buying a home in bay area worth it ? still thinking !!
Where I should buy my new home ?
if you are still not sure!, Call Jay Grewal at 408.805.2760