Listing Inventory Expecting To Surge After Super Bowl Sunday
Listing Inventory Expecting To Surge After Super Bowl Sunday
The Super Bowl not only represents the largest global sports event of the year, it also marks the beginning of a new listing inventory surge that happens across the nation following the game. No one wants to compete with the Super Bowl on TV, and that same theory goes for Real Estate with relatively low inventory coming on the market leading up to the game.
So far the Bay Area is tracking nearly the same inventory volume as last year. In 2015 the total number of sold properties during the first five week span starting Jan 1st was 2,412 throughout Alameda and Contra Costa County. This year during the same time frame, there were 2,396. That figure is slightly lower but not substantial (difference of 16). I like to advise both buyers and seller clients that the Super Bowl is the kick off of the Spring selling season in the Bay Area. We expect to see a large push of inventory following the game and that activity will continue through Spring, right up until the June / July time frame when inventory starts to drop off slightly. I am expecting a strong Spring market and expect a bit more year over year inventory.
If you are considering selling, this year will bring ample buyers to the market and buyers should have a slight improvement in inventory selection. Rates should remain relatively low through the remainder of the year which will benefit buyers looking to lock in near historic lows in mortgage market. Today Bank Rate is quoting 30 year mortgage rates at 3.69% and 5/1 arm rates at 3.08%.
Our team is ranked as one of the Top Real Estate Groups in all of California and we would like to thank our clients, friends and those who have referred business our way. We are passionate about helping our clients achieve their goals and are grateful to be in such a rewarding industry. In 2015 we closed over $80M in sales and over 138 total East Bay transactions. Since 2001 we have transacted over $500M in closed real estate transactions.
You can reach our team members at 925-304-6346 - Kevin R Kieffer, Broker Associate - Team Leader for Keller Williams Realty's EastBayPro Team - Our team members include Naomi T Kieffer, Matt Rubenstein, Dana Grant, David P Johnson, Heather Gowdy, Scott Maher, Nina Kasper-White & Ken Wilson - Please call and "Let Us Exceed Your Expectations".
Kevin R. Kieffer is a Broker Associate and Realtor with Keller Williams Realty. His focus is the East Bay residential home market. He is a top producing agent and also leads leads successful team of Realtors as one of top producing teams throughout all of California (Real Trends Ranking). He was recognized as a Five Star agent numerous years through an independent survey and has been featured in Diablo Magazine. He closed out 2014 in the top 1% of all agents in Contra Costa & Alameda counties and is currently one of the top producing agents in 2015. He has offices in Danville & Walnut Creek and has a team of experienced Realtors focusing on markets throughout the East Bay. Please give him a call and let him exceed your expectations! Office Phone: 925-304-6346 Cell Phone: 925-300-8000
Just a friendly reminder to be sure and set your clocks back
"Even having done our homework, my wife and I were still nervous and unsure of what to expect when we began shopping for our first home. Adding to the uncertainty of being first-time homebuyers, we were also renting a home that would require us to terminate our lease agreement early should we purchase a home before the expiration of our contract. Enter the EastBayPro Team of Kevin and Naomi Kieffer. Let me start off by saying Kevin and Naomi are without a doubt experts in the business of real estate. Buying, selling, renting, flipping, investing, property management…you name it, they know it. With that being said, we came across Kevin’s phone number when we drove passed a house we thought we might be interested in viewing. Kevin was the listing agent for the property and within a couple of short hours after speaking to him over the phone, we were back at the property and he was showing us the home. Kevin did a great job and was extremely knowledgeable of the property he showed us but in the end it was too small for our family’s needs. We later decided to have EastBayPro Team represent us as our buyer’s agent and we made a wise decision in doing so.
Kevin was always responsive in that whenever a property came on the market that we were interested in, all we had to do was give Kevin a call and he was there to show us the property within hours. We also spent a day with Kevin in which he showed us properties that he thought we would be interested in. I would like to note that we have four small children and they were with us at every showing. Kevin was great with them and had more patience with them than we did. It was on this day, that we found the house we fell in love with and Kevin was on top of putting an offer in for us immediately. The house was a short sale and as complicated as these transactions can be, they made it happen. We worked mostly with Naomi after our initial offer and as great as Kevin was, Naomi was even better (Sorry Kevin but your wife has you beat). Naomi was extremely responsive to any questions or concerns we had. When problems came up during the inspection process, Naomi was on top of it and was able to negotiate the price down beyond what we were expecting. Excellent job! Naomi was extremely organized and made the process, all the way through closing, run very smooth. But their service didn’t stop there. After closing, Kevin called our property management company for the house that we were leasing to see what it would take to break our lease earlier and minimize any penalties. Throughout the homebuying process, Kevin and Naomi fully represented our best interests and we believe that they went above and beyond what most agents would do for their clients. Two thumbs up for the EastBayPro Team of Kevin and Naomi as we would highly recommend!"