East Bay Market Update from Pacific Union

If you want a handle on pricing trends throughout the Bay Area, see http://tinyurl.com/JULY-2014-MMU .  The report shows brisk sales throughout the area.  At our most recent staff meeting, multiple offers still represented 77% of all sales; about 20% of sales are all-cash, and the number of sales is up compared to this time last year.  Key difference--more buyers are "in the market" now compared to last year--due to perceptions of brightening overall economic prospects or better personal financials--and that's why prices were driven up.