Janie and John's January 2024 Newsletter

Real Estate Insights

January 2024
A quick 3 minute read

Off to the Races

Just 2 months ago in our newsletter we said, "In looking ahead to 2024 and beyond, we see the market slowly ramping up as time goes on." And therein lies the problem with making predictions...and using italics for even greater emphasis!

2024 has been anything but slow thus far. In fact, it has been downright booming in most places. According to our in-house lender, every property she worked on in the last few weeks sold for over asking. And the one offer we made last week on a townhome in Sunnyvale received 18 offers! As we learned in our Monday morning meeting, this was hardly an outlier. Open houses were unusually busy, too.

While world events can always put a quick damper on consumer optimism and the economy, the current real estate market shows no immediate sign of slowing down. There has been a definite change in attitude amongst buyers and sellers from one of caution in the fall to greater optimism now. The apparent end to rate hikes by the Fed (and anticipated decreases in the coming months!) as well as the stock market reaching all-time highs has no doubt played a role in this change in perspective.

Lest we get overconfident though, those world events referenced above as well as the impending presidential election and the ever-present possibility of "unknowns" should keep us on our toes. That said, it feels very much like 2021 right now, which was hot, hot, hot!

Revamp Complete!

Over the holidays I finally carved out the time to create a whole new web presence for us - a long planned project that had lingered on my list for far too long. I have to say it was fun to flex my graphic design skills which had taken a back seat to the day-to-day business of real estate. 

The end result is a website that is both modern and device responsive (e.g. works well on everything from desktops to cell phones). We hope you will take a few minutes and check it out - and then pass the link on to your friends, family and co-workers that might be contemplating buying or selling a home!

JanieandJohn.co

Thank you!

Luxury Property Collection

Looking for a luxury property or even a brief escape from reality? Flip through our online magazine, Compass Luxury, for some of the most exclusive listings in the United States. Maybe dream a little!

Please feel free to forward this newsletter to friends and family - and remember, we are never too busy for your referrals!

Janie and John Barman

DRE #01270223 & #01281597
Realtors®
M: 650.759.1182
jbarman@compass.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.