Lynn North's 2021 Market Update

We continue to see a strong demand with limited supply. Brokers’ tours and open houses have resumed and are following COVID guidelines. Buyers continue to be very selective and prefer move-in ready homes with more space to accommodate their work at home needs.

With lenders, plan on 30-day close of escrow timelines. Be aware that some appraisals are not coming in at the contract value, due to low inventory, the common multiple offer situation and the fast pace of the market. Appraisals are simply having a hard time keeping up. Sign-offs are by mobile notaries, so the real estate processes are still quite effective.

Please don't hesitate to call, as I can help you with any of your real estate needs.

In the meantime, stay safe and be well!

Take a look at the Santa Clara Market Report below.

Prop 19: Intergeneration Transfers FAQ

Prop 19: Property Tax Increase Limits on Primary Residences

Santa Clara County Market Report 1031 Exchange Trends & Market Update 2021