Yesterday my mastermind group met to check in with each other on “state of the market”! We represent 8 of the Brokerages in the marketplace and we go round the table to discuss our listings and buyer offers. There was an agent who wrote an offer 100K over and not getting a counter offer! Over 10 offers on a multi-family investment property in Walnut Creek. Another agent DID get an offer accepted after multiple attempts. In this case it was coveted Westside Danville, they offered 100K over with inspections done upfront (before offer deadline) that way the offer was presented with NO contingencies. A few of the agents in our group have properties in the 1.4-1.6M range and expect multiple offers on their new listings. Granted 2-3; vs. 10 is a big difference. The consensus among the group is the price appreciation big gains already took place Q1 of this year. The prices are not going to climb at that rate the rest of the year. Rather we see a gentle leveling out. Our prediction was a slow down and some equality for buyers as more inventory comes onto the market.