Market Update: A South Bay Perspective

    We are nearly halfway through the year and the South Bay real estate market is remaining competitive with quick sales and increasing prices, in general.  As we move further into the Spring/Summer season, we expect prices to continue to increase.

    Average year-over-year prices for all homes in the South Bay are up an average of 5.5%.  See charts below for more details for specific South Bay cities.


    Are you thinking about making some updates to your home before selling?  Here are some trends builders are currently featuring in their model homes to entice buyers.

    • Quartz Countertops – While granite countertops have been the standard, buyers are showing a greater desire for quartz countertops.
    • More Windows – Many buyers want to bring the outdoors into their indoors so they are turning to extra windows to get that feel.
    • Wider Plank Flooring – Hardwood and tile floors are the most in-demand, but buyers are opting for bigger plank widths and larger tiles.
    • Owner’s Entries – Model homes are showing off “drop zones”, which serve as places for keys, electronics, and a central command post for automated systems.

     

    If you have any real estate questions, please email, text or call me!

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