Ride the tiger, ride the wave, ride the Cyclone - well…sort of.

The market is moving - as it always does. What mid March, 2023 tells me is that if the house is in a desired location and priced right - it sells and with force. Force meaning multiple offers and well over asking (20-30%). Properties that do not meet these criteria tend to sit, have price drops and may sell for list or below list price. Just a year ago low rates + extreme demand absorbed properties that fell into the "OK" category. This is no longer the case. Sounds simple right? Not really if you are a buyer that wants "desirable" or a seller that does not have desirable. I think there are some keen strategies to deal with this current problem (reach out to me individually please). 
 
The origin of our current market is based on global and local uncertainty – and people migrate to the "less risky spot" when searching for a home. If one wants location, layout, etc. they will have to pay for it. If you have a seller that has this - the market - despite even sharp fluctuation in rates - the seller will have a successful sale.

It may sound cliché but my "success" thus far this year has been about connecting with clients, earning trust, providing thoughtful data and being deeply immersed in the inner- East Bay market. My personal relationships with colleagues, contractors, and creatives is immensely important. We all lean into one another. All the more so when there is a market fluctuation; an aligned and like-minded community can lift all ships. I believe this to be true. 
 
Please feel free to reach out if you have any questions and or want to get granular on a particular location or property.
 
I look forward to hearing from you.
 
Scott

Just Sold! 471 North Street, Oakland
Listed at $1,025,000 | Sold for $1,525,000
Sold in 13 days, receiving 9 offers and selling 49% over list price