Sellers take note!

Bay Area ranks as nation’s best place to sell a home

Blanca Torres | Real Estate Inc. | February 19, 2014 | link

Rich H Legg

The Bay Area was the best place in the country to sell a home in 2013, according to Zip Realty.

In case there was any confusion, rest assured we are in a seller’s market: the Bay Area was home to the nation’s best market for home sellers in 2013.

According to ZipRealty Inc., the Emeryville-based online real estate brokerage, the San Francisco metro area was number one on its top 10 list based on median sales price and total housing inventory per capita.

Here’s how the Bay Area compares with the rest of the country:

  • Median sales price growth: 35 percent growth in 2012 vs. 11.5 percent.
  • Number of days homes stayed on the market: 19 vs. 35.
  • Average number of homes available per resident: 1.1 vs. 6.6.

The law of supply and demand just doesn’t let up. Low inventory of homes on the market equals soaring prices not just in the Bay Area, but other California regions as well. Five of the top ten markets for home sellers were in golden state.

Read more…

Author: kimhuntkw

We specialize in Real Estate in the Pleasanton, Dublin and Livermore areas of the East Bay in California

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s