The real estate market in the Bay Area continues to be RED HOT... With all the unprecedented events that happened in 2020, Most people have been predicting a "crash" is near. What's your predictions?

For Santa Clara County, Single Family Residence inventory remains extremely low. Summers have always been the most active times for realtors, 2020 proves no differences, even with the COVID-19 pandemic shutdown, Stay-In-Place orders, the riots, and the worst wildfires that California has even seen.

When the number home pendings are more than the number of actives, you know that there were a lot of competitions that went on for every homes listed for sale.

For our neighbors in the north, home in San Francisco are selling with multiple offers and over asking price. A home in the Parkside District listed for $995,000 were sold for $1.3M cash closed within 5 days. Another fixer upper in Richmond Neighborhood listed @ $1.6M, is pending @ over 2.1M.

You decide if this year election going will change the local real estate market! My personal educated recommendation - it will remain a super hot market, until you see the interest rate increase. Sellers, there are still many buyers out looking. They are all taking advantage of the super low interest rates. So really it is a WIN-WIN for both buyers and buyers.

Need a complimentary market analysis for your home or investments, feel free to contact me @ 408.425.5304.

Nick Pham | 01365281 | www.nickpham.com