First listing was 13 months ago, the price was cut 4% after first week, no changes in price since, just relisted repeatedly (the market has softened a lot since then).

When someone insinuates that the market could be softening, why does many  operators  go out of their way to go into denial and pretend like they’re doing great?

Supply and demand have not changed.When paper assets crash hard assets like gold and real estate do well.There are some buyers that will hold off for now and there are some sellers that will hold off for now, so volume might go down for the time beeing, but the balance of supply and demand remains and I don't see 2020 prices soften.

The market has not "softened" as a result of COVID-19 yet.

Howdy Zacharias.3 main things are on my radar for STR purchases:1) Most importantly, the marketing will POP- not another boring STR.2) Projected cash flow is positive and strong- upper 15% of estimated STR returns.3) Get a decent price, so that you aren't underwater if the market softens a bit more.Any strong STR real estate agent can 100% cover you on these 3 requirements

Yes we’re top of market, but prices have began to soften, and you may find a decent deal out there in 2019.When investing, thing long term, and remember this:my2c

If so, it's probably "okay" - it will leave you with thin equity if the market softens at the same time you need to sell.

i think the numbers in this post for construction are really low... its def not 200 a sqft, the poster that said 350 is prob more spot on.... i looked a project where the house was just off ventura in studio city yet facing it, the next door house was capecod new build sold for 2.3m i think and the nextdoor lot was thesame size for sale 950k-990k i forgot where it closed...long story short at a min you need 3000 sqft for those homes and at a 300 build thats at least 900k if you are lucky...you need much higher quality finishes and products to command that market esp in the valley, and a pool at least will cost 150k...so long story short, the margins might be decent to make like 200-300k but the risk is far greater.. if that luxury mkt softens a 10% drop in price on a 2m house is a lot of money whereas a 10% drop in price on a say 600k flip is only 60k

If you expect Apple, Google, Facebook, NVidia, PayPal, SalesForce and their stocks to fall by 30- 40% next year, expect the bay area RE market to soften quickly.

The rental market has been softening in some places in the bay area (parts of San Jose).