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April 2023 Market Update for Silicon Valley Real Estate

David Kim May 1, 2023

The Market Continues to Recover, But with Many Dynamics at Play

March inflation figures were released Wednesday, April 12th: The overall inflation rate saw a significant drop from 6% to 5%.
 
Rates have been volatile for 5 weeks but ticked down again since the March inflation data came out this month.
 
Stock markets initially appeared unenthusiastic about the new inflation figures: The Dow, S&P, and Nasdaq all saw small declines Wednesday. But as of late Thursday, they made up for those declines and ticked back up into positive territory. Of course, inputs from a wide variety of data are constantly affecting financial markets. 
 

What we're currently seeing:

  • Still a strong market with many buyers including cash buyers
  • About 80% of current transactions are non-contingent
  • More listings coming on the market for the last couple of weeks after the spring break

What does this mean for you?

It is still a good market for sellers if you are planning on selling or moving soon.
 
If you plan on making a move this year or next, let's get together to discuss your scenario and strategize for your next move. Reach out to us at (650) 988-5114.
 
 
 
 

Flipbook Reports by County

 

What We’ve Been Up to

FOR SALE | 12161 Hilltop Drive
 
Los Altos Hills
 
5 Bed | 4.5 Bath
 
 
COMING SOON | 1720 Havenhurst Drive
 
Los Altos
 
3 Bed | 2.5 Bath
 
 
SOLD | 202 South St, #8
 
Sausalito
 
1 Bed | 1 Bath
 
 
SOLD | 500 Preston Drive
 
Mountain View
 
3 Bed | 2.5 Bath
 
Questions? Contact us

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Contact Details

David Kim Group

Phone: (650) 988-5114

Email: [email protected]

 

 

7 days a week, 8am-10pm

167 S San Antonio Rd Suite 1 Los Altos, CA 94022 CA DRE# 01527235