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Steve Eveleth's Blog

By Steve Eveleth | Agent in Livermore, CA

Livermore Real Estate news current market condition by Steve Eveleth 12/1/12

Multiple offers are the name of the game in the bay area! Almost 60% of Bay Area homes saw multiple offers in 2012 and 41% sold ABOVE asking! IN San Francisco and the peninsula, any homes up to $2,000,000 are super hot and on the market for less than 2 weeks. The further down South you head the lower price point drops. IN San Jose, any home under $1,000,000 gets snatched up and is seeing as many as 20 offers. Looking ahead to 2013 bidding wars will remain a fixture in Bay Area Real Estate; however the increases in the median selling prices will slow down. If you find your dream home, make sure all your financing ducks are in a row, be ready to pounce and be ready to show a few teeth!
Tips for buyers competing in multiple offer situations by Steve Eveleth www.steveshomesearch.com
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