Silicon Valley Real Estate Market Update

Posted by Boyenga Team on Friday, November 18th, 2016 at 9:06pm.

The Silicon Valley Real Estate market is picking up, after a typical summer slump, and less than stellar early fall #homebuyers are back again out in full force. The Boyenga Team expect's an extremely strong Q1. For those #homesellers on the fence, early next year will be an ideal exit point.  With pent-up demand chasing low inventory there is only one way for prices to go, and that is up!

As for the homebuyers expect multiple offers on most of the new inventory coming to market.  One positive for homebuyers is that we do not expect the same amount of market exuberance that we saw in Spring of 2015, we still do expect many homes in the more affordable price points to reach new highs. If you would like a more in-depth overview of the market in your city or neighborhood, feel free to email Eric & Janelle Boyenga at Homes@Boyenga.com or visit www.SiliconValleyHousingMarket.com

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