Intero Real Estate Blog

Temperatures in the Silicon Valley will hit the high 90’s this week and spring is definitely in there air!

The Real Estate market in our valley is also heating-up. There certainly is a change taking place. Homes in most prices ranges are not only being looked at more by buyers, but they are selling as well—some properties with multiple offers (if location is good, the property is priced appropriately, and is staged/market-ready).

This certainly is a welcome change and it could signal a trend heading upwards with this market as we see buyer activity continue to improve. I get asked all of the time, “Dawn, when will we hit “bottom?” My answer is “you won’t know we hit bottom in the local housing market until the market is already on its way back up.” If you are thinking of buying a home or if you need more space, a better school district, a change of scenery or are downsizing, do not wait until your opportunity has surpassed you! If you are going to take advantage of this market you need to do it NOW. With home prices at low levels and mortgage interest rates at historic (artificially) low levels it is time to make a move.

A fellow Realtor and I recently hosted a gorgeous $4.5M home open in Los Altos (okay, just a tick under $4.5M at $4.498M), and we had over 22 groups of people through. Not all visitors were in that price range, but most were looking in the $1.8M – $3.5M range. For what you can now purchase at $1.8M in Los Altos was $2.5M 18-24 months ago. I am seeing buyers in all price ranges coming out of the wood work to take advantage of this market as it won’t last forever. Look for your Silicon Valley dream home today: Silicon Valley real estate market

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What are you doing on Friday, May 1st from 5:00 – 9:00 p.m.? How about an evening of food, drinks, and live entertainment at the Los Altos Spring Stroll? I will see you there!

Spring also means the start of the Los Altos Farmer’s Market on May 7! From May 7th through September 24th, select from a cornucopia of fresh fruits, vegetables, and flowers every Thursday evening from 4:00 – 8:00 p.m. For more information, visit the Los Altos Village Association.