NOW is the time to buy!
The Memorial Holiday has shortened the week for real estate activity. Prices seem to be holding their own and in some market places there are still multiple offers and over asking sale prices. However, this is the exception and not the rule.
Fortunately for Redwood City in San Mateo County price are going sideways to a slight upward movement (1%). I see this as a trend through the rest of the year.
Oil prices have definitely had an impact on people. This past weekend I went to Hollywood for the release of my youngest son’s new album. Traveling down 5 and driving around the streets of Hollywood there was not the traffic there was a year ago. Even in the Bay Area I see less and less cars on the road when I am out there.
All this has a direct impact on homes selling and at what price. (This too will pass.) We still have the smartest men and woman around here and where else in the world can you find paradise like the Bay Area? You can’t.
Prices will go up again! Now is your opportunity to buy. Utilize this market to your advantage.
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