Happy July!
I just returned from a week of whitewater rafting, camping, and hiking along the Colorado River in the Grand Canyon with my 24-year-old son and 22 of my new best friends. AzRa Raft Adventures organized the trip. Here are the top 5 things I learned from the trip.
- It's true, everybody poops. (Packed out in a Groover.)
- 51-degree water renders self-cleaning optional.
- A fellow Rafter named their dog "Dawgta-Faucci".
- Fashion isn't a thing on the Colorado River.
- Hiking up the Canyon 8 miles with 5,000 feet of elevation, carrying a 40-pound backpack, was my penance for overpacking.
Q2 Stats: Sound bites from our Q2 stats meeting. Don't shoot the messenger.
- Sellers think it's 2022, buyers think it's 2008.
- Tariffs froze the market in April, but now the situation is stabilizing.
- More houses for sale, but sales prices decreased in most cities.
- The Inner East Bay remains a bargain compared to the rest of the Bay.
- Stock market stability should help sales for the rest of the year.
- If sellers bought in 2020 - 2023, they will be underwater.
Still, Bay Area real estate remains a strong long-term investment, appreciating at an average annual rate of 6-7% over the past 30 years. A tight housing supply, tech job growth, and limited land for new development will continue to drive growth.
Regardless of the market, a skilled Real Estate Agent can help you prepare, market, and sell your home for the highest possible price. I appreciate your referrals; they are the lifeblood of my business.
With Gratitude,
Marissa
