It's a wild ride in the real estate market place right now. Even through the winter months, which typically is a slower time home sales, the market has been very strong. In the Walnut Creek and greater Diablo Valley area, home sales were up 46% year over year compared to the first quarter of 2020.
Even though the real estate market has had to shift with the pandemic times in the way homes are prepared, listed, shown and sold, there are plenty of buyers looking for different ways to shelter.
Low interest rates have provided more buying power, but with low inventory (caused in part by a slow down in hew home building due to the pandemic), home prices have skyrocketed. We're seeing double-digit multiple offers, most of which are well over the asking price.
Here's a link for a further breakdown of our local - with graphs and charts - providing details about city-specific data: Diablo Valley Q1.
If you are thinking of buying or selling, contact us at TeamAntonia. We have the expertise and resources to help you!