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Certified Distressed Property Expert
Intero Real Estate Services
Home values in zip code 95117 at http://julianalee.com/zip-code/95117-statistics.htm
Look at the price per sq ft.
I've seen comments that interest rates will have to climb over 5% before they will affect the local real estate market. I haven't found good arguments to back that up. From a historical point, we still have quite low interest rates.
Personally, I just recently took action (made a purchase) to take advantage of the still low interest rates.
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
The mind set of sellers is they expect to sell at a certain price based on past data. They are more willing to work with buyers today and are willing to wait a bit longer (days not hours). The mortgage interest rate did go up and since has dropped. There are more inventory on the market and sales are more like traditional market.
For neighborhood stats (values) please refer to my blog:
One group of buyers not active this summer is the investors. Most are stunned to find out home prices recover so quickly. While others are in the backseat watching for changes. The income properties are also in demand and price does not correlate to neighborhood or schools.
Sam Shueh, mba, cdpe, pe
Keller Williams Cupertino Realty
SamShuehRealtor @ gmail.com
We may see investor fall out and some first time home buyer's get priced out of the market, so that will slow things down. This makes for a great opportunity for move up sellers, and downsize sellers. This will feed back into the market a consumer which has been on the fence as they could not compete on their buy side, and now that they have equity can come back into the market and hopefully get a contingent offer accepted.
When you partner with a trusted Broker they can keep you apprised of market conditions which affect your real estate goal.
Have an amazing day!