The outlook for the Bay Area real estate market continues to improve.
Pacific Union’s blog article titled, “Bay Area Job Growth, Healthy Housing Markets May Outshine Washington’s Fiscal Cliff” offers an excellent discussion of current real estate market trends, including an improving 2013 outlook for the Bay Area. In the article, Mark McLaughlin, CEO of Pacific Union, notes that the Bay Area’s economic fundamentals are the envy of the rest of the country. With the almost-certain likelihood of a compromise in Washington, McLaughlin sees a continued recovery ahead — one getting stronger month by month.
“Our 2013 outlook is based on the Bay Area’s ability to generate high-salary jobs and continued growth in high-tech industries, trade, and tourism,” says McLaughlin.
Lafayette’s 2013 Real Estate Outlook
What does this mean for our hyper-local Lafayette real estate market? Good news, according to Dana Green, Lafayette’s #1 Realtor.
In 2012, Green closed twice as many Lafayette transactions as any other Realtor. She represents both sellers and buyers, and is already helping clients organize to achieve their 2013 real estate goals.
Says Green:
“I anticipate a healthy 2013 for the Lafayette real estate market. Inventory and interest rates remain at all-time lows and buyer demand is currently high. This means the best properties will likely attract lots of buyer interest, a continuation of what we’ve experienced in the 2012 real estate market.
“Buyers who work with the Dana Green Team come to the market pre-qualified and well educated about Lafayette home values. When they see the home of their dreams, they’re prepared to work with us to move quickly to compete successfully in multiple offer situations. This level of readiness will continue to be important for buyers as we enter the 2013 market.
“The anticipated 2013 high buyer demand is good news for Lafayette home sellers, but that doesn’t mean all properties on the market will move quickly at any price. Real estate fundamentals still apply, including price, location, home condition, and presentation.
“If you are considering buying or selling soon, please contact me at your earliest convenience so I can orchestrate a successful experience! Timing and planning are critical.”
It’s never too early to begin. You can reach Dana Green directly at (925) 339-1918 or Dana@DanaGreenTeam.com