Doug Gillies Real Estate Broker

Doug Gillies Real Estate Broker San Francisco Bay Area Real Estate Broker and Home Advocate.

Regional Markets Shift as Luxury Threshold Continues to DeclineWe’re seeing a notable shift in the definition of 'luxury...
08/30/2026

Regional Markets Shift as Luxury Threshold Continues to Decline
We’re seeing a notable shift in the definition of 'luxury' across our real estate markets. The national threshold for luxury home entry has dipped by 2.7%, now sitting at $1,250,750. This drop isn’t just a number—it’s reshaping buyer and seller strategies in every region and across all tiers. For instance, Austin experienced a 9.6% decline, while California continues to show quick sales even with significant price reductions. In my decades of guiding clients through both traditional and complex transactions, these market movements remind me just how important it is to have an informed advocate at your side. Whether you’re navigating a high-end purchase or repositioning your property, understanding these regional nuances is key to making confident decisions.
https://www.housing-trends.com/agent-news/donald-gillies/1915501-Regional-Markets-Shift-as-Luxury-Threshold-Continues-to-Decl

San Jose Shines as Top City for High-Value OpportunitiesSan Jose continues to stand out as one of the nation’s most expe...
08/30/2026

San Jose Shines as Top City for High-Value Opportunities
San Jose continues to stand out as one of the nation’s most expensive cities, with some sobering numbers shaping the landscape. The bottom 50% of Silicon Valley residents hold less than 1% of the area’s wealth, while the top 10% control a striking 75%. For those hoping to buy a home here, an income of over $460,000 is now needed just to afford a place to live. At the same time, Hispanic workers currently earn only 33 cents for every dollar earned by white workers—highlighting deep disparities and a severe shortage of accessible housing.

Having spent over three decades navigating these market realities as a real estate broker in the Bay Area, I know firsthand how these figures translate into day-to-day challenges for both homeowners and investors. Whether you’re looking to secure your first home, invest in multi-family properties, or navigate complex situations like distressed or rehab projects, my role as your Home Advocate is to guide you through every step—even when the odds feel stacked. The numbers are daunting, but with the right strategy and support, there are always opportunities to be found.
https://www.housing-trends.com/agent-news/donald-gillies/1889018-San-Jose-Shines-as-Top-City-for-High-Value-Opportunities

San Jose Home Prices Dip but the Market Stays CompetitiveWhile San Jose's median list price has dipped by 2% to $1.35M, ...
08/28/2026

San Jose Home Prices Dip but the Market Stays Competitive
While San Jose's median list price has dipped by 2% to $1.35M, the market remains remarkably competitive. Active listings are up 2.9% and new listings have increased by 10.4%, yet inventory is still tight with just over 2,000 homes available. Properties are moving steadily, averaging 40 days on the market. Navigating these nuanced shifts—whether as an owner-occupant or investor—calls for a thoughtful approach and deep local expertise. After 32 years advocating for Bay Area clients across every market cycle, I know firsthand how to turn market data into opportunity, even as conditions evolve.
https://www.housing-trends.com/agent-news/donald-gillies/1915845-San-Jose-Home-Prices-Dip-but-the-Market-Stays-Competitive

08/27/2026

US Existing Home Sales Edge Up
Navigating the evolving landscape of US existing-home sales requires a careful eye—especially for clients and investors in dynamic markets like the Bay Area. In early Q3, existing-home sales dipped by 1.7% month-over-month but managed a 0.7% increase compared to last year, reflecting a steady rhythm rather than dramatic swings. Median prices hit $434,100, marking 37 consecutive months of annual gains and quietly building equity for many homeowners—a trend I keep a close watch on for both traditional and distressed property clients.

Inventory remains tight, closing early Q3 at 1.54 million homes (down 1.9% from the previous month and 0.6% from the prior year), underscoring the importance of monitoring new listings closely. Even with prices climbing, national housing affordability has improved, presenting opportunities for buyers who are prepared and patient as value, timing, and suitable options begin to align. Mortgage rates have hovered in the high-6% range on a 30-year fixed loan; a potential dip in rates could open further possibilities as summer progresses. As always, my approach is to guide you through these shifts—whether you’re seeking a move-in-ready home or a property needing a transformative touch.

08/27/2026

US Mortgage Rates Hold Mid-6%
Mortgage rates continue to shape the real estate landscape, with the average 30-year fixed rate hovering near 7% as of mid-Q3. Industry experts anticipate borrowing costs will remain in the mid-6% range for the foreseeable future, and major forecasts point to these rates holding steady—between 6% and the mid-6%s—through 2028. A significant drop to the much lower rates of past years is not expected. For those considering a purchase, waiting for dramatically lower rates could mean missing out on a market that currently offers slower price growth, a broader range of listings, and less intense competition among buyers. Recent trends show a slight uptick in both pending and existing home sales, with improved inventory levels and builder concessions providing more options and flexibility for both buyers and sellers. While broad refinancing relief remains limited, homeowners still have opportunities to refinance for a shorter term, move from an adjustable-rate mortgage, or use their equity in strategic ways. After more than three decades guiding clients through changing markets—including traditional sales and distressed property situations—I remain committed to providing the informed, steadfast advocacy that helps you move forward, even in uncertain times.

08/25/2026

More Listings Hit the Market in Highlands, CA
This spring, Highlands, CA saw a remarkable surge in new listings—over 50% more than the same time last year. As someone who’s spent more than three decades closely following Bay Area market shifts, I recognize what a significant opportunity this presents, whether you’re considering a traditional sale, eyeing multi-family investments, or searching for properties in need of some TLC. Navigating these changes with a clear strategy can make all the difference, especially when markets shift quickly. As your advocate, my goal is always to guide you through moments like these with insight and unwavering support.

08/24/2026

Why I’d Be Watching the Bay Area Right Now

Address

1907 Market Street
San Francisco, CA
94103

Website

Alerts

Be the first to know and let us send you an email when Doug Gillies Real Estate Broker posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Doug Gillies Real Estate Broker:

Shortcuts

Share

Category