I was asked by the SF Business Times to provide my predictions for the 2023 Real Estate Market. Here was my response: 

In terms of 2023, I believe the real estate marketplace will align with the proverb, “Less is more.” There will be fewer Buyers and Sellers in the marketplace; however, the quality of these buyers and sellers will be higher. Those willing to buy or sell will want to transact and will look for a level playing field where the terms of the sale are fair to both parties. In addition, quality will win! Buyers will purchase houses in good condition, on usable lots, and in popular neighborhoods. Buyers and Sellers will also want to work with skilled Realtors with heavy experience and strong references so that they are well-educated and receive much-needed guidance in today’s new marketplace.  

On another note, watch for MLS Coming Soon properties to be announced this week. Rain is slowing down the start of the 2023 Real Estate Market, so Realtors are opting to place listings in a formal Coming Soon status until this chain of storms subsides. We are doing this with our new Orinda listing at 8 Sunnyside Court. The MLS Coming Soon status allows Realtors to begin to market and show listings without syndicating them to the world and starting the “days on market” clock. This is the case for 8 Sunnyside Court! The early bird may just get the worm on this wonderful home.   

The market will wake up soon after a long winter’s nap. How can we help you get ready to buy or sell a home?  

Stay dry… Dana & Team