https://video.wixstatic.com/video/dd4855_3ce1988b414547ec9eea57259ca0b7ec/1080p/mp4/file.mp4 Here’s the latest #BayAreaRealEstate #MonthlyMarketMinute ⏳ where I go over the sales transaction data from each county for the month of December 2023. As expected, the holiday slow down continued, but Santa Clara County median home prices still held strong. 2023 was a down year in all leading statistics: new inventory, transactions, sales volume, and median prices. A full year of high interest rates had a big impact on the market here.   If you’d like more insights on your local market, feel ..read more

https://video.wixstatic.com/video/dd4855_2a0f0e6e8a804cdca1ae6bcfa367bc76/1080p/mp4/file.mp4 Here’s the latest #BayAreaRealEstate #MonthlyMarketMinute ⏳ where I go over the sales transaction data from each county for the month of November 2023. We saw steep declines across all markets in total transactions and sales volume.  A big takeaway from November’s numbers are the markets where buyers are STILL paying a significant amount over the asking price for a home. There are two cities where buyers are paying well over $200k above the asking price on average!  If you’d like more in ..read more

https://video.wixstatic.com/video/dd4855_27cd9209753547fe9f5ec08ceb4f6c88/1080p/mp4/file.mp4 Here’s the latest #BayAreaRealEstate #MonthlyMarketMinute ⏳ where I go over the sales transaction data from each county for the month of October 2023. Surprisingly, there was a rise in transaction volume. That’s not typical for this time of year.  There was a drop in median sales prices across most counties. Rising rates are impacting many first time buyers’ affordability.  There are are some cities where buyers are getting large discounts. For example, buyers in Stanford were paying ove ..read more

https://video.wixstatic.com/video/dd4855_082a9033ee6c48709a38a85e44e715b0/1080p/mp4/file.mp4 The rental property investment strategy is no longer a viable option in today’s real estate market. Rates are too high and prices have not dropped enough to allow for turning a monthly profit. But there is a better alternative. Investors can still make money in this market (and not through flipping houses). To learn more about this lucrative strategy, send an email to LLee@famileerealty.com ..read more

https://video.wixstatic.com/video/dd4855_ea5749e57ef84ddabfe2f4a3bd5e0502/1080p/mp4/file.mp4 Here’s the latest Bay Area Real Estate Monthly Market Minute ⏳ where I go over the sales transaction data from each county for the month of September 2023. Transaction and sales volume was down last month, but we still had a rise in median prices. Through 3 Quarters, we’re pretty much experiencing the same trends in activity as the year prior. And for some reason, not many people buy homes in July. Why do you think that is? If you’d like more insights on your local market, feel free to reach out and I ..read more

https://video.wixstatic.com/video/dd4855_b448f84da9d4422f990fdae4fb72778c/1080p/mp4/file.mp4 There’s a difference between being a real estate salesperson and a “professional” Realtor. As a new agent, don’t make the mistake of becoming the wrong one ..read more

https://video.wixstatic.com/video/dd4855_c227806150c844dbb3c26c2e97223bf5/1080p/mp4/file.mp4 Here’s the latest Bay Area Real Estate Monthly Market Minute ⏳ where I go over the sales transaction data from each county for the month of August 2023. There was a nice positive uptick in total transactions and volume last month, which comes as a good surprise after we had consecutive months of declines. Another surprise is how median prices are actually higher now than a year ago in some counties. Watch to see where those are. If you’d like more insights on your local market, feel free to reach out a ..read more

https://video.wixstatic.com/video/dd4855_6262d29abe084290b880c34213da8e72/1080p/mp4/file.mp4 Buying a home can be an overwhelming task. Which is why utilizing a Realtor® to help you with the process is the smart thing to do. You don’t have to pay anything for doing so, and the benefits far outweigh trying to do it on your own. Whether it’s getting you access to a property, explaining the inspection reports, or advising you on the right price to pay, we have you covered ..read more

https://video.wixstatic.com/video/dd4855_aee023ef7c9c4e94a4dfce07edb9bcd1/1080p/mp4/file.mp4 Some people think our jobs are easy…until they try and sell a home on their own! In this video I break down the 3 primary ways that Realtors best manage the process of selling a home: Marketing, Local Knowledge, & Negotiating. We exist for a reason, so its best to trust us to get your home sold ..read more

https://video.wixstatic.com/video/dd4855_f4c039ea51ea4bd182d65fcbe39b3b67/1080p/mp4/file.mp4 Many first time home buyers often make the mistake of starting their home shopping journey without obtaining a pre-approval first. This is an important first step because doing so will verify how much you can afford to spend on a home. Don’t base your budget off of an online mortgage calculator. Get an official pre-approval ..read more