October Silicon Valley Real Estate Market Trends
By Tom McEvoy, MBA, SRES / Broker Associate / Realtor
(RE/MAX Gold Santa Clara Valley)
The Silicon Valley real estate market has taken its proverbial foot off the gas pedal. Still a robust market climate, especially for this time of year, the market has cooled a bit. An indication of this is that there are fewer offers per listing than earlier in the year. Now, some of this is normal seasonal variations but, I think, some has to do with that a fever-pitched market can’t last indefinitely. Buyers get burned too many times in multiple offer situations and pull out of contention for a while. Prices thus go into a “choppy” time not really going up nor down. That’s where we are. However, the September Silicon Valley real estate trends do continue as a seller’s market but there are more opportunities for buyers to participate without as much competition. Buyer participation eng...
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