Bay Area home prices soar in buyer bidding wars

This article talks about our local market. The multiple offers we have been seeing and the bidding war we currently are experiencing…..

“As many sellers remain on the sidelines, desperate Bay Area homebuyers are streaming through open houses, making offers tens of thousands of dollars above asking price and still coming away empty-handed.

A three-bedroom Dublin home recently drew more than 40 offers. Across the bay in Cupertino, 300 visitors streamed through one home for sale during a weekend showing, said Miawand Bayan of DeLeon Realty.

For complete article:  http://www.mercurynews.com/business/ci_23054077/bay-area-home-prices-up-12th-straight-month