Second-quarter housing market activity in Silicon Valley brought modest median price growth to the region. 📈 Fewer home sales were recorded from one year earlier — except in Palo Alto, Los Altos Hills, and Woodside — due to declining inventory. Compared with the second quarter of last year, the supply of homes priced between $2 million and $2.4 million dropped considerably, while the inventory of higher-priced homes remained better balanced. In addition, sales of homes priced below $1 million dropped at a rapid pace, with some spring months recording almost a 50 percent annual decline. Sales of higher-priced homes continued to grow at a faster pace, a trend that started earlier in the year, with some areas seeing sales of homes above $3 million double from last year.
Strong buyer competition has led to more homes selling for premiums across all price ranges than observed last year. Buyers paid on average 7 percent more than asking price.
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Mutual of Omaha Bank Completes Acquisition of Synergy One Lending •••
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We’re really enjoying the floral art trend at the moment. What do you think? 💐
When you work with the best, you get the best! Amazing team work as usual. File is clear to close is my favorite sentence. #cleartoclose
Get yourself ready for a game changing Townhouse in the heart of New Westminster. Now listed and ready to be talked about. For an amazing value of $649,900. Info in my links 👆