We found a Realtor.com article recently that ranked the hottest real estate markets for February 2017. Nobody will be surprised to see that three of the top five (Vallejo, San Francisco and San Jose) are in the Bay Area.
According to the article, a large part of Vallejo’s rise to number one on the hottest real estate markets list is due to their drop in median days on market. It wasn’t too long ago that Vallejo went bankrupt and Mare Island redevelopment was in the crapper – that still might be an area for investment.
I also found out that Seattle is the fastest-growing market, which doesn’t surprise me at all. Seattle seems to be on the fast track to San Francisco status, with a similar culture and a bunch of new tech companies migrating their headquarters North. I currently have a client selling in Pleasant Hill and moving to Seattle and he is finding it is more expensive to purchase there.
Either way, the West Coast is HOT! If you are looking to buy or sell in the East Bay, please feel free to reach out and ask for my help!