Return of buyer’s market in 2025 comes at a price
Return of the buyer’s market in 2025 comes at a price
Hidden homeownership costs are straining affordability
San Jose Real Property Transfer Tax Increases to homes sold over $2.3 million.
PROBATE AND ESTATE SALES
Cupertino Home of the Week
Willow Glen Home of the Week
Luxury Home of the Week
FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
PRE-Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
Return of the buyer’s market in 2025 comes at a price.
The right buyer might come around, but the buyer has been patient. The buyer has been waiting for the right opportunity to arise. And if you don't believe that, take a look at the numbers.
Current Market Overview
Now, we're still in a seller's market; however, there's a huge amount of houses that are on the market that are just not selling.
I have two of them. They're overpriced for where the value is. Now you can have a stubborn seller, you can have a stubborn buyer, and ultimately you don't have a house being sold. That's because if the value doesn't come in for what the buyer will pay for, your house will not sell.
If your house is overpriced, buyers will look at it, but they won't put an offer on it, period. It's just common knowledge, common sense. If you think that we're going to wait for the right buyer to come along and see the value and put an offer at your price that you think it's worth, you're sadly mistaken.
And I see it happening all the time, my sister. She's in real estate too, wrote offers on houses this weekend below list price with a lot of concessions on it, and that's just the way it is. Nothing's going to change.
One of 'em got denied. They came back and said,We'ree not gonna pay any commission. We're not gonna pay these closing costs. We want you to pay more than what our house is worth.
Seller Ego and Pricing Strategies
Well, the buyers walked because of arrogance, the number one reason why houses don't sell, seller ego.
I can guarantee it. We're here to bring the buyer and seller together and make it work right? When times are great ,and there's a firestorm, and people are desperately trying to buy houses, you can have an attitude about it. Right now, things are slower. Prices are coming down a little bit. Still a seller's market.
We're still seeing houses sell list priced ove,r li,ke three to 5% over list price. If you price it accordingly, if your ego tells you it's worth $1 million and it's worth 500, your house is gonna sit. Period. Done.
Buyer's Market Dynamics
Okay, let's take a quick look at this story here. Return of the buyer's market in 2025 comes at a price.
This is written by Ryan Kingsley, editor. For Scotsman Guid,e a mortgage lender's magazine, keeping us educated on what's going on there. The gaps. Widening home sellers, outnumbered buyers in the market by 36%, up from 35% in August, so there's more sellers than there are buyers.
So it calls it a buyer's market, but here in the Bay Are,a it's not. It's still a seller's market because prices are going up, and houses are still selling. We're gonna go into that. We have the 12 Bay Area chart. Real quick marketing definition of a buyer's market is having at least 10% more active sellers than buyers.
Technically, our rule of thumb is anything over six months. If your market, whether it's a zip code, a county, or a city, is going over six months, then you're in a buyer's market because houses are overpriced and they're just sitting on the market for way too long. Oftentimes, the buyer ends up winning the negotiation because they have options. It's no longer a feeding fren,zy and you have 17, 20 offers. You're lucky if you get one offer. And now the buyer's taking advantage of that saying, you know what? I'm gonna write two offers. Is it ethical? Not necessarily, but you know what?
Buyers have options. So when I work with my buyers, I'm saying, let's go write three offers, two offers. Because if you get stuck on one house, then you're, not playing with a full deck of cards. You're not a You're just saying, oh, I have a pair of twos.
When you have two offers down, and you come back and see what options are given to you, whether it's a counteroffer or a signed offer, you have options. Buyers are taking their time. Buyers are taking advantage of this market. And here's the other thing, too. If both offers come back and they're not what you want, walk, go.
Look at another house next weekend, right? It will happen. You can write an offer, and deny it when they come back with a counteroffer. That's ridiculous. And guess what? In seven to 10 days, that listing agent will come back to you and say, Hey, I think we need to talk. You're like, too bad.
We've already moved on. We already have offers on two other houses, and they don't even want to talk to you anymore. You should have taken my offer when I gave it to you. That's how it is today. So are we technically in a buyer's market? Not necessarily. But if you find a house that's been onthe market for 30, 60, 90 days, you might be able to negotiate a little bit.
Just sayin,g Cupertino House of the week. This is upland weight, not my listing. It's $8.7 million, six bedrooms, seven and a half baths. 8,000 square feet built in 2003. And I'm afraid it's in the fire zone. Here it is. You're up in the hills. There's some hiking up there, some beautiful country back there. It's anice-lookingg house. It's a little opulent. I don't know if I paid $9 million for it. There are a lot of cracks that I'm looking at. So far, I don't see anything inside, which is peculiar to me. I don't know what the inside looks like.
You're not giving me a reason to go inside to look at it. Crazy Willow Glen House of the week. This is Willow Glen Way, which is a busy street. Seven $1.7 million. Two bedroom, two bath, built in 1938, and it's on a tiny lot.
It's been on the market 47 days because you can't do much with it. It's not even 5,000 square feet. A standard lot, six to 8,000 square feet. So this house is gonna sit for a bit. If you're looking for a two-bedroom and Willa Glen, this is gonna go off as a steal, I can bet you that'll go in about 1 2, 1 3 luxury Home of the week is in Napa.
And if Napa, you can get stuff at 95 cents on the dollar, on average. So if this thing pops and sits for a bit, you're golden. But imagine having a vineyard, having a ranch house out there for a measly $25 million, seven bedrooms, eight and a half baths, 8,600 square feet, just built five acres.
It's custom. It's in the east hills of Napa. This gorgeous monstrosity. Look at this thing. It's just beautiful. That's the front of the house. Nice raised flower beds. Nice outside living pergola with electric heat. I like that. That's a beautiful house, guys. It's all over the place. That's an A DU, it looks It is a garage, an A DU. That's your entry, I guess, to the main house, and then your A DU, and then probably a little storage shed. But you don't get the vineyards around it. Maybe something you don't want. You could probably buy it on top of it. There you go.
PRE-Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
Bay Area Market Analysis
I wanna show you something real quick. Months of inventory 12 B area County. This is the one that I measure out here. And November is not exactly accurate, is close 'ause we're at the, towards the end of the month, Thanksgiving is coming and we're on our way. Napa has the longest lived housing market right now.
We've definitely in a buyer's market. Napa is 75 days on market, which is still nothing. Six months is 180 days. That's why I'm saying we're still in a seller's market based on stuff that we've done for the last 50, 60 years, which is six months inventory. I think we're good over here.
Everything in the Bay Area is good, mainly because we have such a huge and strong economy here that it's hard for us to understand what it's like in other communities like Las Vegas or St. Louis or Austin, where it does take six months to sell a house. Some people lose their patience. I suggest you don't.
It takes time to sell a house, be patient, right? For example, like in Blossom Valley where I live 19 days on market, on average, there were three closings this week there were four new listings put on market, right? So they're seven put into contract this weekend. So if you price it right, your house is gonna sell.
My suggestion is always price it below where you think it's going to go, and you never know what's gonna happen. There's a fear. I understand that psychology and the fear that goes on and what's going on in your head as a seller. Well, if it's 1.9 that they can come down a little bit, but if I listed at 1.8, they're gonna come down.
And what happens if they give me an offer at 1.7? Then tell 'em no, but at least you'll have more traffic coming in. Closed sales in Santa Clara County, and the sales volume.
Just this week the loan is 360 million, which is crazy. Now look at Alameda and Contra Costa. if Santa Clara County is out of. your price range. $2 million, $2.4 million. Look at Alameda's 1.4. It's more affordable and it's not that far away. Granted, we're talking about throwing in all the Oakland houses with Fremont houses and all that too, but you could pay $2 million, $3 million for a house in Fremont.
But it's not three to $5 million in Cupertino. So you're gonna drive a little bit and traffic's gonna suck. But that's the mindset, right? Same thing with Contra Costa. You're looking at another $200,000 in savings. Is that worth it for you to commute? Napa is 1.4, and you're looking at 94 cents on the dollar on average.
Versus 103 in Santa Clara. 104 and a lot of different areas are coming down quite considerably.
Conclusion and Final Thoughts
There we go. Thanks for watching on Vito with Ano. We'll see you out there.
Vito Scarnecchia
Real Estate Broker, Veteran, Dad
DRE#: 01407676
408-705-6817
Vitos@abitano.com
FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchia
If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!
🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg
Videos edited by Vydeoease.com Use Exemption code VEASY
#BedlamWhereChaosResides, #abitano, #realestatesherpa, #rewtf, realestatemindset, Silver Tsunami , 2035 Housing, 2025 tax lien investing ,Jason Walter, home staging kitchen, Cost Of Living Calculator, Fraud, Homebuyer workshop, Bay Area housing stats, Veteran Home, best time of the year to buy a house, Bay Area Luxury homes, next housing crash prediction, housing market projections, Should I Buy A House Now Or Wait?, should I buy a house now or wait until 2026, Why You'll Regret Buying A House in 2026, Housing Market 2025: 5 Options If You Regret Buying a Home, when will the housing market crash again, REDFIN, zillow,century21, intero, Tse, cocke, zaid hanna, remax, kellerwilliams, real broker, EXP, Fed rates, Interest rates, cupertino real estate, Willow Glen, Luxury presense, luxury homes, silicon valley real estate
What should a realtor do to sell your house,What should you not do when selling a house,Why is home not selling,Is it better to sell as is or fix up,Home much money is lost when selling a house,Is it bas to sell a house as is,Where should I sell my house for money is 2021,Is money from the sale of a house considered income,Do you get all the money when you sell your house,Do you have to buy another home to active capital gains,What happens when you sell a house and make a profit,Can I sell my house and keep the money ,What month is the best to sell a house,How much money do I keep when I sell my house,How to I avoid paying taxes when I sell my house,How do I sell my house in 5 days,Whats the quickest way to sell a house,How can I sell my house quickly ,Is it better to sell my house or rent it out,How do I sell my house in 30 days,What does teh seller have to pay when selling a house,How p[ays closing costs on for sale by owner ,Who pays the title company at closing,Who pays for appraisal buyer or seller,How do I calculate my closing costs as a seller,Can a realtor lie about other offers,Do sellers always pick the highest offer,Can ou sue a real estate agent for lying,How do you make sure your offer is accepted,Can buyer talk to seller directly,What do you say when you reach out to a realtor,Do you tip your realtor,Why do realtors now want buyers and sellers to meet,Do I have to pay my realtor if I decide not to sell,Can you work with multiple realtors,Can you fire your real estate agent,Are realtors rich,Should I interview multiple realtors,Are you obligated to a real estate agent,What should I do to my house before selling ,What sells a house fast,What brings more value to a house,What features sell a house,What to do if a house is not selling,Do vacant homes sell faster,What are the worst months to sell a house,Which month is best to sell a house,Is 2021 a good year to sell a house,What adds most value to a home,How can I increase my chances of selling my house,What makes a house harder to sell,What brings down property value,What are houses not selling 2021,What adds teh most value to a house,What is the most common reason a property fails to sell,What should you not fix when selling a house,What adds teh most value to a house,Does Zillow pay fair prices for homes,How to I sell my house that need repairs,Do sellers have to fix everything on home inspection,Can you sell your own property as a real estate agents,Does a realtor make money on a for sale by owner,Can I use a real estate attorney instead of an agent,Can I be my own buyers agent,Do real estate agents make more than lawyers,Do realtors get paid if a house doesn’t sell,Do agents get paid for open house,Can I ask my realtor to take a lower commission,How much does a real estate agent make monthly,Which real estate agent has the lowest commission,Can I represent myself as a real estate agent,Do brokers make more than real estate agents,Can you bypass a real estate agent,Can I represent myself in buying a house,Can you buy a house yourself,Do Realtors get commission on for sale by owner,Is it better sell your house by owner or realtor,How do you negotiated for sale by owner,Is it hard to sell a house without a realtor,Can you ask a realtor to take a lower commission,What home improvements add the most value,What should you not fix when selling a house,What color carpet is best for selling a house,Which home renovations are your best investments,Which home improvements pay off,What is the best way to renovate a house,What is the most expensive part of a kitch remodel,What home improvements do not add value,Is a 4 bedroom house worth more than a 3 bedroom house,Do home improvements increase value,What features sell a house,What order do you renovate a house,What renovations are worth doing,Is it better to renovate or move,Is it cheaper to renovate or build new,How much does it cost to fully renovate a house ,What should I renovate first,What makes property value increase ,What negatively affects home appraisal,Do home appraisers look in cabinets,Do appraisers look in showers,What matters in a home appraisal,How can I maximize my home appraisal,Is land a good investment 2020,Is buying land a building a house cheaper,Is it better to buy land first,How to I buy money with no money,Is land a bad investment,Does age of house affect value,Are 100 year old houses safe,What is the average age of a house,What age is a house considered old,How do I price my house,How is property value determined,What are the 5 methods of valuation,How do I determine fair market value of my home,How does a bank value a house,Why is my tax assessment so high,What brings down,calhoun.savingmoneyonhomes.com
95035,95123,95020,95127,95014,95051,95111,94087,95112,95125,95023,95122,95037,94550,95116,95124,95136,94086,95148,95008,94303,95050,95132,95120,95129,94040,95121,95128,95126,95118,95131,95070,94043,95134,95032,95117,95133,94306,94089,95054,94085,94024,95135,95110,95138,94022,94301,94305,94041,95030,95130,94090,95119,95033,95102,94310,95139,95046,95171,94028,95142,95114,95113,94304,94308,95140,94035,95141,95053,95101,95137,95002,95196,95009,95011,95013,95015,95021,95026,95031,95036,95038,95042,95044,95157,95156,95159,95158,95161,95160,95170,95164,95172,95190,95173,95192,95191,95194,95193,94302,94309,95052,95056,95055,95071,95106,95103,95109,95108,95115,95151,95150,95153,95152,95155,95154,94023,94039,94042,94088,94080,94015,94014,94303,94403,94025,94066,94010,94061,94044,94404,94063,94401,94070,94062,94002,94402,94030,94019,94405,94409,94065,94407,94408,94098,95006,94071,94027,94099,94012,94031,94003,94067,94028,94005,94029,94037,94406,94096,94060,94020,94045,94038,94059,94021,94074,94128,94013,94307,94011,94016,94018,94017,94497,94026,94064,94083,94125,94544,94536,94538,94587,94541,94501,94568,94539,94601,94550,94577,94560,94546,94551,94605,94566,94611,94588,94621,94578,94606,94555,94545,94608,94602,94610,94603,94580,94704,94607,94619,94609,95391,94579,94703,94625,94552,94706,94643,94618,94702,94502,94612,94542,94705,94708,94707,94709,94710,94720,94627,94586,94514,95140,94615,94557,94604,94613,94537,94540,94543,94614,94617,94620,94622,94624,94623,94649,94660,94659,94662,94661,94701,94666,94712,95076,95060,95062,95003,95066,95064,95073,95033,95065,95010,95006,95018,95005,95019,95017,95001,95007,95041,95061,95063,95067,95077,
Santa Rosa Real Estate,Petaluma Real Estate,Rohnert Park Real Estate,Sonoma Real Estate,Sebastopol Real Estate,Windsor Real Estate,Healdsburg Real Estate,Cloverdale Real Estate,Cotati Real Estate,Calistoga Real Estate,Forestville Real Estate,Guerneville Real Estate,Penngrove Real Estate,Glen Ellen Real Estate,Geyserville Real Estate,Occidental Real Estate,Kenwood Real Estate,Cazadero Real Estate,Fulton Real Estate,Monte Rio Real Estate,Bodega Bay Real Estate,Stewarts Point Real Estate,Jenner Real Estate,The Sea Ranch Real Estate,Bodega Real Estate,Graton Real Estate,Annapolis Real Estate,Valley Ford Real Estate,Duncans Mills Real Estate,Camp Meeker Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Oakland Real Estate,Fremont Real Estate,Hayward Real Estate,Berkeley Real Estate,San Leandro Real Estate,Livermore Real Estate,Pleasanton Real Estate,Alameda Real Estate,Union City Real Estate,Dublin Real Estate,Castro Valley Real Estate,Newark Real Estate,San Lorenzo Real Estate,Albany Real Estate,Emeryville Real Estate,hayward real estate,Piedmont Real Estate,Byron Real Estate,Sunol Real Estate,Canyon Real Estate,Farwell Real Estate,Brookshire Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Petaluma Real Estate,San Rafael Real Estate,Novato Real Estate,Mill Valley Real Estate,San Anselmo Real Estate,Sausalito Real Estate,Corte Madera Real Estate,Tiburon Real Estate,Fairfax Real Estate,Kentfield Real Estate,Larkspur Real Estate,Ross Real Estate,Belvedere Real Estate,Bolinas Real Estate,Nicasio Real Estate,Point Reyes Station Real Estate,Dillon Beach Real Estate,Woodacre Real Estate,Lagunitas Real Estate,Inverness Real Estate,San Quentin Real Estate,Tomales Real Estate,Marshall Real Estate,Olema Real Estate,Stinson Beach Real Estate,San Geronimo Real Estate,Blakes Landing Real Estate,Salinas Real Estate,Watsonville Real Estate,Seaside Real Estate,Monterey Real Estate,Soledad Real Estate,Marina Real Estate,Greenfield Real Estate,King City Real Estate,Carmel-by-the-Sea Real Estate,Pacific Grove Real Estate,Gonzales Real Estate,Castroville Real Estate,Carmel Valley Real Estate,Aromas Real Estate,Moss Landing Real Estate,Del Monte Forest Real Estate,Big Sur Real Estate,Del Rey Oaks Real Estate,Bradley Real Estate,Chualar Real Estate,Sand City Real Estate,Jolon Real Estate,San Simeon Real Estate,San Ardo Real Estate,Lockwood Real Estate,San Lucas Real Estate,Hollister Real Estate,San Juan Bautista Real Estate,Aromas Real Estate,Paicines Real Estate,Tres Pinos Real Estate,San Francisco Real Estate,San Mateo Real Estate,Daly City Real Estate,Redwood City Real Estate,South San Francisco Real Estate,San Bruno Real Estate,Menlo Park Real Estate,Pacifica Real Estate,Foster City Real Estate,Burlingame Real Estate,San Carlos Real Estate,Belmont Real Estate,East Palo Alto Real Estate,Millbrae Real Estate,Half Moon Bay Real Estate,Hillsborough Real Estate,Woodside Real Estate,Atherton Real Estate,Portola Valley Real Estate,Brisbane Real Estate,Emerald Lake Hills Real Estate,Moss Beach Real Estate,Colma Real Estate,Pescadero Real Estate,La Honda Real Estate,Montara Real Estate,San Gregorio Real Estate,Loma Mar Real Estate,San Jose Real Estate,Sunnyvale Real Estate,Santa Clara Real Estate,Livermore Real Estate,Mountain View Real Estate,Milpitas Real Estate,Palo Alto Real Estate,Gilroy Real Estate,Cupertino Real Estate,Morgan Hill Real Estate,Campbell Real Estate,Los Gatos Real Estate,Los Altos Real Estate,Saratoga Real Estate,Stanford Real Estate,Los Altos Hills Real Estate,San Martin Real Estate,Monte Sereno Real Estate,Lexington Hills Real Estate,Mount Hamilton Real Estate,New Almaden Real Estate,English Town Real Estate,Twin Creeks Real Estate,South Shore Port Real Estate,Almaden Real Estate,evergreen Real Estate,burbank Real Estate,blossom valley Real Estate,alum rock Real Estate,down town san jose Real Estate,cambrian park Real Estate,willow glen Real Estate,berryessa Real Estate,japan town Real Estate,little italy Real Estate,alviso Real Estate,little portugal Real Estate,mayfair Real Estate,the alameda Real Estate,Santa Cruz Real Estate,Watsonville Real Estate,Los Gatos Real Estate,Aptos Real Estate,Scotts Valley Real Estate,Soquel Real Estate,Boulder Creek Real Estate,Capitola Real Estate,Felton Real Estate,Freedom Real Estate,Ben Lomond Real Estate,Davenport Real Estate,Vallejo Real Estate,Fairfield Real Estate,Vacaville Real Estate,Suisun City Real Estate,Benicia Real Estate,Dixon Real Estate,American Canyon Real Estate,Rio Vista Real Estate,Winters Real Estate,Travis AFB Real Estate,Walnut Grove Real Estate,Birds Landing Real Estate
Comments
Post a Comment