07/12/2020
Summer 2020 is well underway and July marks the fifth month since the onset of COVID-19 and County regulations to limit business activities. Now, some businesses are slowly opening up, others have filed for bankruptcies and some have even closed down permanently.
Recent statistics show that the Real Estate Market in the Bay Area is still selling homes quickly but with a tempered price. This time, we have completed a monthly Comparable Market Analysis of seven major cities in the Silicon Valley: Cupertino, Milpitas, Mountain View, Palo Alto, San Jose, Santa Clara and Sunnyvale. Attached is a monthly Snapshot of the Comparable Market Analysis (CMA) for the month of June for the aforementioned cities.
For the month of June, from the CMA attached, one observed that only two cities: Palo Alto and Mountain View suffered the highest drop in price at over 7% for homes smaller than 1,400 square feet. For all other cities, homes smaller than 1,400 square feet are still rising at a moderate pace from 0.11 % to over 6%. And generally, homes larger than 1,400 square feet are mostly increasing at a slower pace as well. (Note: If you are interested, call or text me at the phone number below for the CMA. I do not know how to attach .PDF file on Facebook)
All homes belonging to the seven cities have rapidly been sold within 4 to 15 days on the market.
The Real Estate Market after COVID-19 can be complex. Sellers will need help from experienced brokers and realtors to guide them through this challenging time.
At TIJOMANN, Real Estate Services, we are certain that with over fifteen years of experience and knowledge, we are certainly capable of helping clients sell their homes at the highest price possible and aiding buyers with negotiating the best deal. We are Covid-19 ready. We can recommend the safest and most advantageous way for you to buy or sell your home during the pandemic.
Call Tim at 408-547-7292 when you are ready to sell or buy.
