Sales were higher in 2014 over the previous year. Home inventory remains low while prices are still high.

For real estate sales on the Peninsula, 2014 ended on a higher note with the average sale price up 15% and the price per sq. ft. up 7% from 2013. Purchases made with “all-cash” were a huge trend during 2014 and dropping back to normal rates at the end of year due in part to the strength of the U.S. dollar thwarting some foreign buyers.

Interest rates are still low for 30 year jumbo loans with rates around 3.75%.

Inventory of homes for sale is still low, but prices are up while interest rates remain low.  I can help you purchase or sell your home. Please contact me today!