2017 First Quarter Market Update

If you've been home hunting then you know that the market has not missed a beat, in fact as we head into Silicon Valley's selling season the market is showing no signs of slowing down. 

In March the Federal Reserve increased it's benchmark interest rate a quarter of a percent amid rising confidence that the economy is poised for more robust growth and solid employment numbers. In the span of 12 months the rate has gone up 90 basis points taking a typical 30-yr fix from 3.25% to 4.15% which roughly translates to an additional $400/mo on the same borrowed amount. 

Silicon Valley and San Francisco still continue to show record low inventory. With thousands of eager and active buyers on the market, we are able to continually set record sale prices for our sellers. Nearly every one of our listing in Q1 has sold within 72 hours of the open home weekend, and many are sold within hours of listing. Proper staging, professional photography and direct target marketing continues to be the most effective methods of ensuring a connection between the home and the buyer. 

Moving into Q2, this means that we will be working extra hard to ensure that our listings remain a cut above. We will also start to prospect for off-market opportunities for our buyers. Unlike most brokers that sell 2-3 properties a year, we move millions of dollars of properties every month. This compounded knowledge and experience allows us to be at the very cutting edge of our expertise.

Leverage our experience to sell your property for top dollar, in the shortest amount of time, or to successfully purchase in this ultra competitive market. 

Get started by contacting us at hello@metisre.com or 408.859.6528