2020 was a difficult year that we won't forget any time soon...
While there was plenty of bad. There was also some good - like the lowest interest rates in history that enabled many people to buy their first homes.
As this *unprecedented* year comes to a close, we wanted to share some trends we observed in Bay Area real estate in 2020...
With tens of thousands of homes on sale in every region, finding your ideal home is no easy task and with citywide lockdowns and quarantines happening across the country, the house hunting process was made even more difficult!
To make this process easier, we empower our users with a powerful, easy-to-use toolkit comprising of tags, filters, images, schools and a lot more - all online.
Followed by this bright condo in the Duboce Triangle neighborhood.
Our users took advantage of our search tags - these three in particular:
The most popular tag of all was our “Best of Bay Area” tag. This shows how people want curated lists of homes to look at - making their search process easier.
We've recently introduced even more tags allowing you to get as granular and specific as you like when browsing homes - check out everything from "5G Network Coverage", "Big Outdoor Space", "Near Farmers Market", "Walking Friendly", "Bike Friendly", and much, much more through our filter feature here.
San Francisco, despite the mass exodus caused by Covid-19, remains the most-searched for city on ZeroDown, with Alameda in second place, followed by Berkeley in third, Oakland in fourth, and Daly City in fifth.
In 2020, San Jose had the biggest chunk of new “For Sale” signs in the Bay Area, followed closely by San Francisco.
While San Jose had high inventory this past year, it also happened to score the largest number of homes actually sold. Win-win for San Jose!
We took all homes sold in 2020 and calculated the geometric median over the homes’ covered area, sold price, and number of bedrooms and bathrooms.
The result? A $974,000 house with three bedrooms and two bathrooms spanning 1,673 square foot on a 6,562 lot, built in 1969. So this home in San Jose with a smaller lot is very hot (and still available at time of writing).
For most expensive listing of 2020, we've got this incredible Silicon Valley hilltop estate at a whopping $53,888,000!
And for least expensive listing of 2020, we have this renovated one bed condo in San Rafael.
Luckily for you - both are still on the market.
Looking forward to 2021, we’re so excited to help even more people find their ideal home in the Bay Area. Wishing you and yours a very Happy New Year!
We're constantly keeping up with the latest real estate trends and news - let us keep you in the loop!
Does this Belmont home have improvements that significantly increase the comfort and value of the home?
Does this home in Brentwood make for a smart purchase?
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