Came across these infographics from the California Association of REALTORS website.
I like to look for market at a glance info to keep current with market trends. Also, I happen to like data.
I am not sure how “typical” this is in relation to Silicon Valley Real Estate (or that matter, us here in the real estate market of Evergreen, San Jose, Ca), but always good info to keep in the back of the mind.
Considering the clients I have helped buy homes this year, this is pretty straight on.
Here is what a typical home seller in California looked like in 2013:
For this one and the sellers we served in 2013, only the “50% sold above asking price” resonates with our business.
And here is what a typical luxury home buyer looked like in 2013:
While we did not sell any luxury homes (price points over $1M) last year, this does give me a strategy to consider, look for luxury homes for sale on hilltops and surprisingly, luxury clients are also renters.