A: Don’t expect the Super Bowl to have a substantial effect on the housing market.
I recall hosting an open house during the Super Bowl earlier in my career. It was surprisingly well attended. and there were some very serious buyers who came through.
Since supply remains so constrained, buyers will jump at anything that could be a possible match, regardless of when it is.
There have only been six new listings this year in Burlingame. So inventory is definitely limited.
For background, the number of homes sold in Burlingame has steadily decreased since 2012, while prices have increased.
There were 271 sales in Burlingame in 2012, and that’s decreased between 10 and 50 homes per year.
Last year, only 175 homes were sold here, while average prices rose from about $1.4 million to roughly $2.1 million.
So press forward. Serious buyers will overlook almost any event, even the Super Bowl.
(650) 822-7088, raziel@burlingame properties.com.
A: Inventory and buyer activity traditionally pick up after Super Bowl Sunday. Hosting the Super Bowl adds a whole other dimension to Bay Area life. It’s very exciting, but it will curtail normal activity. Expect a flurry of activity in and around San Francisco during the weeks surrounding the game.
Traffic is going to be horrific and many buyers and sellers will be distracted with guests, the game or simply hoping to get out of town. If possible, sellers should consider waiting until after the Super Bowl for their first open house.
However, not everyone will be at or watching the game, so potential benefits lurk as well. A lack of inventory and rapid transactions breed buyers who understand the need to take advantage of every opportunity.
So if you are a buyer, and you see open houses, go! You’ll even have a chance to ask the agent questions.
Agents who want to take advantage of the extra foot traffic in town and are holding homes open should do so on the Saturday before the game.
Aleso Gourhan, Sotheby’s International Realty, (510) 914-0290, aleso.gourhan@ sothebysrealty.com.
A: It’s an honor for the Bay Area to host the Super Bowl again.
Yes, the prices of homes have absolutely increased, but the desire to live and work here remains the same.
Even though this huge event will create traffic snarls and hassles, both buyers and sellers should benefit from all the excitement surrounding Northern California.
Sellers can benefit from all the people the Super Bowl will bring to the Bay Area, and buyers can feed off the excitement of wanting to live and work in a place that hosts an event of this magnitude.
Hopefully, El Niño is going to take the weekend off and the game will be played in the California sunshine. That’s another way the Bay Area will reveal itself to potential buyers. The timing could not be better — the spring is the busiest season for buying and selling homes, and it will begin after the game.
It is our job as agents to help our clients tap all this wonderful marketing surrounding this event.
(510) 541-1754, firstname.lastname@example.org.