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2021 Bay Area Real Estate Market Update
COVID has caused buyers to bid up single family home prices in suburbs and vacation markets while creating buying opportunities in urban areas.
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Development Journey: Approaching the Middle Phase
Despite making progress, we’re still not yet ready to submit plans for building approval in Pebble Beach. The property came with plans that the city and county had approved, but it was not a shovel-ready project. Our architect and team of engineers have been putting together the “real” detailed plans for building approval. Big wins: […]
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Have We Reached a Market Inflection Point?
The real estate market has been on fire. During the first half of 2021, Bay Area sellers have realized new price-per-square-foot records. Yet, I believe dynamics will soon shift to more of a buyer’s market, or at least come back into balance. The basics of supply and demand support my hypothesis. -HOUSING SUPPLY WILL RISE: […]