The Morning Breeze

The Morning Breeze

The Morning Breeze on 98.1 The Breeze in San FranciscoFull Bio


Bay Area Is Seeing More High-End Homes Listed On The Market And Here's Why.

Sales Of Existing Homes Declines In February

According to Zillow, the nation is seeing more high-end homes listed on the market than any other kind.​

They say it's possibly a sign sellers believe more buyers are looking to make a purchase.​ (Could it be because more people plan on working at home going forward and need more space in their homes for their home office?)

New listings are still down 39% overall from last year, most likely due to the coronavirus pandemic.

Overall, new listings have been rising for three straight weeks and, higher-end homes appear to be outperforming what’s considered more affordable.​

Last week in San Francisco, there was a 12.4 percent increase in high-end home listings and a 13.3 percent increase in more affordable listings.​

During that same time period in the South Bay, there was a 76.7 percent increase in expensive listings, compared to a 25.1 percent increase in more affordable homes.​

Jack Kulp and Carolyn McArdle talked about it on the air! Listen below...

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