April Santa Clara/San Mateo/East Bay Housing - Outlook for the Summer Housing Activities

Let's take a look at the latest #BayAreaHousing market stats from the past month! Follow the latest updates of the #BayAreaRealEstate and #BayAreaHousingMarket amid the COVID-19 pandemic.

As always, we have last month's and this month's statistics from #SantaClaraCounty, but what I find very interesting is that the number of closed sales in March 2021 has gone up 51.3% in the single family housing side compared to the previous month, and for condo and townhome, it also went up 30.5%. I wasn't as surprised that we closed about 43.7% more than last year, because last year in March we were getting closer to the shelter-in-place order, but still, that's a really astounding number that we had increased from one year ago as well as one month ago.

Even though we have more sales, it doesn't mean that the price has come down. The price is still holding up, the median price has gone up from 1.486 million to 1.6 million dollars for single family residence, and for condo and townhome, it went up another $25,000 to $875,000. So if you compare that from a month ago, the pricing had gone up 7.7% on the single family side, and 14.3% compared to last year, while for the condo and townhomes, it had gone up 2.9%, and 10.8% more than a year ago.

How about #SanMateo and #EastBay? What are some offers that we are making now? Find out in this video!

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We will update you on all you need to know about the Bay Area Real Estate Market through statistics every month during our monthly webinar.

Table of Contents:
0:00 Santa Clara County Housing Stats
1:38 Santa Clara County Real Estate Activity
2:13 San Mateo County Home Sales
3:13 San Mateo County Real Estate Activity
3:25 East Bay Housing Market Stats
4:14 880 Corridor Market Stats
6:25 Offers Climate on the Battleground

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Watch U.S Housing and Economic Market, Mortgage, and Commercial Real Estate Updates: https://youtu.be/acnFa8q5C8k

Watch the full episode of the 19th Bay Area Housing Market Town Hall Q&A Webinar - "How Changes In Residential Rental Regulations Affect Your RE Investments" featuring Justin Goodman: https://youtu.be/Q9CY1jvxheU

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