The Q4 2022 Millbrae Market | Millbrae Real Estate Market Review

Hey, I'm Milana Ostroy, the best real estate agent in the Bay Area real estate market, who updates you on the Q4 2022 Millbrae market and the review of the Millbrae real estate market. If you're interested in selling or buying homes in this Millbrae neighborhood, let me tell you about the real estate market, what it's been doing, and where it's headed for San Mateo County sales in Q4 2022. Let's watch the Millbrae real estate market review. Learn more http://www.milanaostroy.com/

The real estate market in San Mateo County, California, in the 4th quarter of 2022 showed a normal seasonal trend, with fewer listings sold and lower prices than at the beginning of the year. This was due to the holidays and prices being more negotiable. However, the market is not crashing, as the average price year over year lacks any significant change.

The key factor in this market is the serious inventory decline, which keeps prices from falling. Millbrae, in particular, has extremely low inventory, with total sales volume in the 4th quarter of 2022 being only 49 million, compared to 105 million in the 4th quarter of 2021. 2023 is expected to be an opportunistic year for home buyers and investors to take advantage of low inventory and negotiate better deals. However, rates are expected to come down, which will result in more competition in the market. Planning your next real estate move during the first quarter of 2023 is crucial for net cash profit as a seller or savings as a home buyer.

Additionally, it's worth noting that the market is taking 40% longer to sell a property and the days on market are officially reaching over 30 days. Millbrae housing market saw the average sale price for condos increases from 872,000 last quarter to almost 1.1 million this quarter, with average days on the market of 54 days.

However, with only 28 condos sold in Millbrae throughout 2022, the market is extremely low on inventory. This is expected to continue, as California has a housing shortage problem and inventory will remain low, driving prices up in the near future. This will attract both individual and large funds investing in the market.

If you're thinking of buying or selling a property in San Mateo County or Millbrae, it is important to stay informed about the latest Millbrae real estate market trends and to work with a reputable real estate professional agent to help you navigate the process.

✅To LEARN more call me directly at 650.222.0706

Follow us on social media ⬇️

Facebook 👉 https://www.facebook.com/MilanaRealEstateGroup/
Instagram 👉 https://www.instagram.com/milanarealestate/?hl=en
LinkedIn 👉 https://www.linkedin.com/in/milanarealestate/

Subscribe 👉 https://bit.ly/3GAq1ld
Website 👉 http://www.milanaostroy.com/

00:00 Intro
00:13 San Mateo County Sales in Q4 2022
00:42 San Mateo County Sales in 2021
01:19 The Sales Price in Millbrae Homes
02:14 2023 is the Most Opportunistic Year for Investors
02:49 Outro

#realestate #investing #homebuyers #realestatedevelopment #investinrealestate #realestateinvesting #realestatebusiness #propertyforsale #realestatestrategy #stockmarket #milanarealestate #realestatemarket #bayarearealestate #sellingproperty #homeforsale #millbraerealestate #housingmarket #q42022millbraemarket #millbraemarketreview #millbraerealestatemarket #millbraehousingmarket #millbraepropertymarket #millbrae #millbraepropertyforsale #property #stocks

Тэги:

#millbrea_real_estate_market_review #real_estate #home_for_sale_in_millbrae #millbrae_real_estate #housing_market #real_estate_market #home_buyers #real_estate_investing #real_estate_agent #q4_2022_millbrae_market #millbrae_market_review_2023 #millbrae_real_estate_market_trends #stock_market #realtor_in_millbrae #millbrae_housing_market #millbrae_property_market #milana_real_estate #bay_area_real_estate #stocks #investing #real_estate_market_crash #millbrae #millbrae_ca #realtor

Скачать видео