Real Estate Roundup: Bay Area Markets Best in U.S. For Sellers

March 24, 2014

Favorable for Sellers

Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that two Bay Area regions are considered the most favorable to sellers in the coming busy spring buying season. Also, new statistics and planned housing developments offer hope for buyers in the inventory-constrained East Bay.

Healthy Job Growth

The Bay Area’s healthy job growth, which leads the state, is a key factor driving the trajectory of our region’s housing market.

“Relatively strong job markets in the West are helping spur robust demand, which is being met with limited supply, causing rapid home value appreciation and giving sellers an edge,” Zillow Chief Economist Dr. Stan Humphries said in a statement.

Home Values

The report also ranked San Jose and San Francisco home values as the highest in the nation, at $748,800 and $648,700, respectively.

Get all the week’s news at https://compasscaliforniablog.com/real-estate-roundup-bay-area-markets-best-in-u-s-for-sellers