News Formal

Bay Area sees lowest October home sales volume in 15 years - Silicon Valley Business Journal

  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Economic conditions in September and October continued to nosedive and so did real estate sales in the Bay Area. Here's how much they were down in October compared to the previous year.

The Bay Area has just endured its lowest high season in more than a decade. reveals that not only were overall Bay Area real estate sales statistics bad for October, they were actually historically bad. Compass Chief Market Analyst Patrick Carlisle said that in the 11-county, greater Bay Area, this October had the lowest number of home sales for that month since 2007.

, also representing the worst October in city sales since 2011. The glut of sales last month occurred in the Sunset, Eureka Valley, Noe Valley and Excelsior and Portola neighborhoods. "The economy and housing market remain in a period of adjustment, causing many to be more cautious as they wait to see how things will settle out," Carlisle said."However, the next couple months, during the mid-winter slowdown, are typically the optimal time for buyers to aggressively negotiate the best prices."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 334. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Bay Area sees lowest October home sales volume in 15 years - San Francisco Business TimesEconomic conditions in September and October continued to nosedive and so did real estate sales in San Francisco. Here's how much they were down in October compared to the previous year.
Källa: SFBusinessTimes - 🏆 78. / 68 Läs mer »

What Twitter's layoffs mean for Bay Area tech workers - Silicon Valley Business Journal'This is going to ripple throughout the tech industry,' says Meredith Firetog, a partner at the lawfirm Sanford Heisler Sharp.
Källa: svbizjournal - 🏆 334. / 59 Läs mer »

Silicon Valley Business Journal seeks nominations for Power 100 list - Silicon Valley Business JournalEarly next year, the Journal will be unveiling the Power 100, a list of Silicon Valley's 100 most important and influential people. We need your help finding them.
Källa: svbizjournal - 🏆 334. / 59 Läs mer »