Will the Danville Market Stay Hot in 2015?

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Hey everyone, welcome back. A lot of people have been asking lately about the market, so we thought today would be a great time to give you a brief update on what's been going on.

Home prices in our area are up an incredible 11% from this time last year, and we expect them to continue to go up by another 5-7% this year. There are 4 factors that are going to continue to drive this seller's market going forward:

1. Supply and Demand
This is simple economics. We've got low inventory and a lot of buyers out here looking. They want homes and if you have them, you are in control.

2. The Job Market
The Danville job market is continuing to get stronger, with a lot of high paying jobs coming to the area.

3. Low Interest Rates
We are still seeing rates at or near historic lows, in the high 3%'s and low 4%'s.

4. The Peninsula Effect
People who live in the peninsula have been getting priced out of their market. A $2 million dollar home in the peninsula is comparable to a $1 million dollar home in Danville. This is bringing over buyers from the East Bay and driving prices up.

If you have any specific questions about the market, feel free to give me a call or send me an email. I look forward to talking with you!