Is the Bay Area Market Showing Any Signs of Slowing Down?
Q and A as seen in SF Gate and the San Francisco Chronicle’s weekly Sound Off with a Realtor.
Over the past few months, Adam and I have been responding to their questions about the status of the real estate market as well as providing our opinions and insight regarding to the various aspects that make up our fast-paced, multi-faceted business.
Q: Is the Bay Area Market Showing Any Signs of Slowing Down?
A: I decided to get a pulse on the market by reaching out to a few agents in our Corcoran Global Living East Bay offices, formerly Highland Partners, to get their take. The quote I chose to include from Gene Della Maggiora is what I, too, am experiencing:
“It seems that the market is slowing down in terms of inventory but demand is still high. Buyers are getting picky again with the good houses going very high, while others sit or sell closer to the list price. Rates are inching up.”
Buyer fatigue, vaccinations, the ability to travel and work outside the home this quarter have also removed some buyers from our fast-paced market.
With that said, we have recommended that our sellers wait until the new year to go to market, as we are nearing the holidays, and historically, buyers get busy winding down for the holidays. If a seller can wait, it’s probably best to capture fresh buyers.
The DiMaggio & Betta Group had an extremely busy year in 2020 and 2021, as did many sellers, reaping the rewards of high sales prices due in part to travel restrictions and so many working from home.
As for 2022, I feel confident our East Bay micro market will get back to a flood of buyers, over-asking sales prices, and more inventory just as seen in years prior.
Click Here To Receive Neighborhood News In Your Desired Zip Code.
Connect with The DiMaggio Betta Group, A Partner of Corcoran Icon Properties
We look forward to helping you with all of your real estate needs.
Stay up to date on the latest real estate trends.
Seeking to buy, sell, lease, or invest in real estate in Manhattan or Brooklyn? Reach out to Randy Baruh.
We provide insight, we build friendships and help our clients move onto or into, their next chapter.
Planning a move to Sacramento or the surrounding communities? Meet one of our standout referral teams.
What I’ve seen time and again is that families don’t just need a transaction—they need a process they can trust.
This book isn’t about running. It’s something far more personal—and far more relevant to your life right now.
What if the only thing standing between you and your next breakthrough is a single decision?
When independence, aging, and reality collide, and why preparation matters more than we think.
Let’s make sure our loved ones never face it without support, compassion, and true community.
At DiMaggio Betta Group, luxury isn't defined by a price tag—it's defined by the level of service every client receives. We combine decades of experience, innovative marketing, and personalized strategies to ensure every property receives maximum exposure and every client enjoys a seamless, results-driven experience. Whether you're buying, selling, or investing, we're committed to exceeding expectations at every step.
DIMAGGIO BETTA GROUP
Mobile & Office: (510) 414-6777
DiMaggio Betta Group | Corcoran Icon Properties
CA DRE# 01047447
ADDRESS
342 HIGHLAND AVE
PIEDMONT, CA 94611
