Anyone who's looking for Bay Area property listings should be sure to check out this secluded neighborhood in Alameda called Bay Farm. What used to be an island in the San Francisco Bay is now a peninsula connected to the mainland. For buyers who are interested in a quiet suburban setting among the many Bay Area neighborhoods with homes for sale, Bay Farm is a must see.
When you step into the Hillsborough neighborhood, you'll find that this ultra luxury neighborhood offers some of the most outstanding amenities for its residents, including enough privacy for virtually anyone and their family. Known as one of the most affluent communities in the U.S., Hillsborough is definitely a site for stunning homes. For those looking for luxury real estate, you can learn more about San Mateo County's prime real estate in Hillsborough.
Buying a home in the Bay area is about more than just finding a home that suits your housing needs or kitchen counter preferences. When you buy a home, you're also buying a neighborhood. For those looking at Bay area homes, that means having the many cultural attractions of San Francisco just a short drive or subway ride away. And, no time of year has more cultural events to offer than the holiday season. Below are just a few things you can look forward to in the Bay area in November and December:
The Bay Area has definitely been seeing an upswing in their already healthy real estate market. While no one can predict what the future will hold for Bay Area real estate, all of the current market trends indicate positive changes for the Bay area.
Rising Bay Area Home Prices, Decreasing Inventory
Because of the higher property values in San Francisco, purchasing luxury real estate in the Bay Area often comes with a hefty price tag. This means that you will need to shop for Bay Area home loans that are able to offer the borrowing power you need. For most luxury buyers, that will require a jumbo loan.
What Are Jumbo Loans?
New data released today shows that real estate conditions in San Francisco’s East Bay are booming.
Oakland’s median home sales price shot up 76% from $245,000 in mid-August 2012 to $432,000 as of mid-August 2013. Median days on market and for sale inventory shrank in Oakland in that time frame, as well. As of Aug. 15, 2013, median days on market were 13, compared to 19 the previous year, a 32% decline. Oakland inventory dipped 7% to 558 homes as of Aug. 15, 2013, as well, according to MLS data analyzed by ZipRealty.
There's good news for Bay Area home sellers! Bay Area homes have been selling for higher prices (and at faster rates) in recent months. The real estate market condition in the region is currently stronger than it has been for several years. With a growing job market (particularly in the tech industry), more real estate exchanging hands, and fewer underwater properties; the Bay Area is definitely an enviable place to sell or even buy a home.
When searching for Bay Area homes, you want to consider the your prospective neighborhoods' school districts. Even if you don't have kids, the school district will make a difference in your purchase decision because it will be a key selling point in the future when it comes time to sell your home - with the potential to raise or lower the value of your home. Since you probably want to keep your future resale value in mind when you find a home for sale, school districts are an important consideration.
The Bay Area real estate market is heating up, almost as fast as the summer climate in the region. If you have been waiting to sell your home, now is the time to get it listed. Multiple offers and higher sales prices are becoming increasingly common, and if your home is buyer-friendly, you can see it sell quickly. Before you officially list it, make sure you are not guilty of one of these buyer turnoffs.
In some areas of the country, such as the San Francisco Bay Area, a bidding war is taking place. If you plan to purchase a Bay Area home, you'll need to be ready to make your move fast. Just a few years ago you would have been hard pressed to find sales in some Bay Area cities, but the housing market has turned around at near-record pace. How can you actually find Bay Area real estate and get the home you desire? Here are some tips for buying a home in the competitive Bay Area market: