This month we suddenly find ourselves in the SiP zone (Shelter in Place) in Santa Clara County and multiple surrounding California counties. While we are still feeling our way, this is what we currently know in the real estate field:
- Real Estate is NOT an "essential" industry per the SiP.
- Banking IS an "essential" industry, thus title companies,
which accept and hold deposit monies for transactions are working. They are also doing some e-recordings because the county recorder's office has closed to walk-in
-Sereno Group, Inc. is OPEN, via computer. Agents and staff are working from home.
- My referred mortgage brokers are also OPEN, via computer, working from home.
The GOOD NEWS is that the economy is far healthier than it was going into our last economic problem in 2008. This economic jolt should have a much shorter economic impact. The gurus I have counted on for the last 17 years are optimistic for the long-run.
Thank you to Sereno Group, Inc. for these latest January real estate statistics for Santa Clara County:
Single Family Homes
Median sales price $1.340M
Average days on market 29
Median sales price $797K
Average days on market 34
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One can download information from the internet; but, one cannot download expertise. We look for the red flags and negotiate for a living. Hire the experts. We will tell you the truth.
Don't forget to search for listings on www.mlslistings.com, the original source of listings on the net for the California Bay Area. Found a wonderful listing? Call Erin at 408-644-5159 for more detail and a property tour.