Los Altos Real Estate Blog

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Top Towns Leading The Housing Recovery

Based on recent data from Realtor.com, it looks like six of the top 10 towns leading the housing recovery are in California.  This is no surprise to local agents many of whom are witness to some of the most active real estate markets they've ever seen, recovery or not!

The Silicon Valley market is red hot right now with most homes still selling over asking price and inventory at or near record low levels.  It's still very hard to find homes and prices are rising fast.  It's extremely common to see homes on the market fewer than 10 days, many only 7-8 days.

 

 

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 Bryan Robertson, CEO | T: 650.799.9951 | Email: bryan@catarra-re.com | Website: http://www.BryanRobertsonHomes.com |CA BRE# 01191946 | Catarra Real Estate, Inc  | 171 Main St #220 | Los Altos, CA 94022

 

 

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Comment balloon 18 commentsBryan Robertson • December 04 2013 08:33PM

Comments

Hi Bryan, the sun is shining on home sellers in California.

Posted by Pamela Seley, Residential Real Estate Agent serving SW RivCo CA (West Coast Realty Division) almost 4 years ago

Hi Pam - Yes it is.  I see market reports from agents all over CA and it looks like the same story everywhere.

Posted by Bryan Robertson, Broker, Author, Speaker (Intero Real Estate) almost 4 years ago

Well too bad not to find Albuquerque NM on the list.  We're hanging in there but are slowing with the season.  Serious buyers and sellers are always out.

Posted by John McCormack, AlbuquerqueHomes.com, Albuquerque Homes Realty (Albuquerque Homes Realty * www.AlbuquerqueHomes.com) almost 4 years ago

John - The only flaw in these stats is they don't take into account all communities.  They usually only cover those with certain population sizes.  I'm sure your market is doing quite well.

 

Posted by Bryan Robertson, Broker, Author, Speaker (Intero Real Estate) almost 4 years ago

Bryan

THis came across my email the other day. Didn't surprise me. Seems we have had multiople CA cities on a variety of lists in the last few years. Good to see the change. Now I wish we were leading the way in terms of inventory increase. And as with all these "studies" we are talking in generalities

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) almost 4 years ago

Great news for the state of California.  I was surprised to see Detroit on the list.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) almost 4 years ago

Jeff - Lots of generalities indeed.  It would be nice to see more inventory.  Digging deep doesn't work it's almost down to luck.

Roger - Yeah, I keep hearing stories that Detroit is great for investors with cash.  I'm sure that has something to do with it.

Posted by Bryan Robertson, Broker, Author, Speaker (Intero Real Estate) almost 4 years ago

Bryan.  Wait!  There must be a typo!!!  Denver's not on the list.  What the heck???? 

Looks like California is leading the pack.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) almost 4 years ago

The towns that were hit hard in the downturn show the greatest rebound. I'm surprised Sacramento isn't on this list.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 4 years ago

We took such a beating, and early on, it is only fair that we come back fast and first.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) almost 4 years ago

Thank you for sharing the list. There are many parts of Bucks county that have homes selling in just a few days.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 4 years ago

WOW Bryan, I had to re-read DETROIT?!  That is fantastic news!  And, I'm shocked that Charlotte isn't on the list too - that means that there are at least 10 other cities doing better than mine and that HAS to be incredibly wonderful news to those residents!  Here's to every city in America competing for those top spots in 2014!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) almost 4 years ago

Debe - Cheers to that!  I'd like the recovery to reach everywhere.

Posted by Bryan Robertson, Broker, Author, Speaker (Intero Real Estate) almost 4 years ago

Detrroit amongst others were very hard hit by the housing debacle so they would appear on this list. Numbers can be funny.

Posted by Jimmy Faulkner, The Best Of St. Augustine (Florida. Homes Realty & Mortgage) almost 4 years ago

Bryan, nice to see so many California towns enjoying the market recovery!    Surprised Denver was not on the list, we have bounced back nicely!

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) almost 4 years ago

It is interesting that they put Orange County as a town, but good news that California is leading the trend.

Posted by Jane Peters, Connecting you to the L.A. real estate market (Home Jane Realty) almost 4 years ago

California had a long and hard fall when the housing market crashed.  I'm thrilled to see a strong recovery.

Posted by Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes & Beach Cities Homes in L.A. (Charlemagne International Properties) almost 4 years ago

Oakland can "thank" the astronomical prices in San Francisco for their upswing.  The affordability factor in SF is so tough that many buyers are looking across the bridge for a commute-compatible alternative.  Of course, rising prices there have also stirred up controversy regarding Oakland's rapid gentrification.  The cycle continues.  :)

Posted by David Ames, San Francisco (Zephyr Real Estate, San Francisco) almost 4 years ago

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