Let the gratitude begin! With Thanksgiving closely approaching us, we hope this newsletter finds you well and in the best of spirits. We are thankful to our clients, our colleagues, and friends who continue to place their trust in us. We know we wouldn’t have a business without you.

As the market enters the holiday period, market activity continues to cool until it plunges to its lowest levels of activity in December. Atypical of other years, the percentage of unsold listings has tripled and the number of new listings coming to market is down year-over-year since spring 2022. Even though there are pricing decreases and longer days on market in our region, there is better news: inflation is reports as NOT AS HIGH as expected. As a result, the stock market rallied 800 points on Thursday! This may be a great time for buyers to negotiate prices with the increased price reductions over the holiday season.

In this month’s newsletter, you’ll find the Luxury Market Report for October 2022. This monthly report provides an in-depth look into luxury market trends and top residential markets across North America and Canada. Check it out below for a deeper dive into the current state of the luxury market.

This month, we’ve also compiled a list of activities in and around Silicon Valley to help you celebrate the season! From concerts at your local park to tea festivals and wine dinners, check out the full blog at SVAB365.

As always, if you have any questions about this month’s market conditions, or buying or selling a home, please don’t hesitate to reach out to us. Our team at Silicon Valley and Beyond often helps our clients plan 2+ years out. Please do not ever think that contacting us is too early in the process. We handle everything—including planning moves!

We’d love to hear from you! Let us know if you’d like to chat about what we are seeing in the current marketplace. Book a 15-minute call with Dawn here.

Happy Thanksgiving from all of us to you!

Here’s to creating a better future,