‘Next to excellence is the appreciation of it.’ ~ (William Makepeace Thackeray) Perhaps the biggest misconception about Bay Area real estate isn’t how high the prices are, but what you actually achieve through home ownership here. It’s so easy to get lost in the shuffle of the daily grind, that we take for granted the concept of home in one of the most desirable places to live in our nation, and quite possibly…the world. Today, Alain Pinel Chief Operating Officer Rainy Hake joins Host Joe Cucchiara to discuss what makes our market so appealing, and who the buyers are. Tune in from 3-4pm PST on AM 1220 KDOW to listen, learn & join the discussion. You can also listen streaming online at www.kdow.biz, and TEXT you questions to 408.838.9060 during the show!
Rainy will start the discussion by sharing some stunning statistics, including the fact that properties are selling at an average of 6-12% over list price, and an have average of 18 days on the market (yes, still!). With such a solid seller’s market and drawn out periods of low inventory, you may be wondering who is so eager to buy here in the Bay Area…and how are they affording the local price tags and handling the stiff competition?! Buyer breakdown equates to approximately 65-70% local buyers, and about 30-35% international buyers. Given the tumultuous financial economic circumstances in Asia and Europe, the Bay Area’s strong economy, highly rated schools, great weather and vibrant lifestyle are increasingly attractive. Learn more about the global spotlight on Bay Area real estate, and the steps that professionals are taking to serve the needs of international buyers. We will also cover the impact to the buyer pool and even the cultural considerations.
Tune in TODAY from 3-4pm PST to Real Estate Radio LIVE!
Find us streaming on www.kdow.biz, and call 1.800.516.1220 to say hello to Rainy during the show!