March Market Trends, Housing Development in Los Gatos & 4 New Restaurants!

Good Morning Bay Area,

In today’s read:

• March Market Update for Buyers and Sellers

• New Housing Developments in Los Gatos and Menlo Park

• Four Restaurants Opening This Spring

• SailGP and Other Events in the Bay Area

Let’s get to it.

— Wilson Leung

New Developments & Real Estate

March Market Update: What Buyers and Sellers Need to Know

The Federal Reserve is holding interest rates steady, with projections of two possible cuts in 2025. Meanwhile, mortgage rates have declined slightly, but price reductions on single-family homes have reached their highest level in over a decade. With economic uncertainty and shifting market conditions, both buyers and sellers should plan strategically in the months ahead.

Here’s a quick look at the most relevant data:

• Interest rates remain at 4.25-4.5%, with two possible rate cuts projected for 2025.

• 30-year fixed mortgage rate: 6.76%, down from 7.11% a year ago.

• 33.6% of single-family home listings have had price reductions—the highest in over a decade.

• M2 money supply increased 3.9% year-over-year, the fastest rate in 2.5 years.

• Global money supply surged by $2 trillion in just two months.

Read more

Los Gatos Approves 155-Unit Housing Development

Los Gatos has approved a new 155-unit residential development at 50 Los Gatos-Saratoga Road, replacing the historic Los Gatos Lodge. The project includes a mix of two- to four-bedroom townhouse-style condos, with 26 units designated as affordable housing. While concerns about traffic and environmental impact were raised, the development moves forward, bringing much-needed housing to the area.

Read more

New Housing Development at 3705 Haven Avenue Moves Forward

Menlo Park is adding 112 new rental units at 3705 Haven Avenue, with 14 units designated as affordable housing. Designed for sustainability, the project features an all-electric design and aims for LEED Gold certification. As the bayfront transforms into a residential hub, this development marks a key step in addressing local housing demand.

Read more

Food Digest — New Restaurants

Batch 22 — Los Gatos

Home to some of the Bay Area’s thickest cookies, this bakery is finally getting a permanent spot in Los Gatos. Expect 6-ounce cookies in flavors like cornflake, ube, and cookies and cream.

• Opening: April

Carabao Napa — Napa

Napa’s first Filipino restaurant, created by a French Laundry alum. Signature dishes include sisig, squid adobo, and kutsinta dessert.

• Opening: May

Daytrip Counter — Oakland

A casual revival of Oakland’s beloved Daytrip, focusing on rotisserie chicken and sandwiches. Known for its bold, punchy flavors and affordable wine selection.

• Opening: March

Zorek — San Bruno

A new San Bruno café dedicated to Turkish borek pastries. Serving both savory and sweet boreks alongside Grand Coffee drinks.

• Opening: March

What's Happening — Upcoming Events

The Oracle San Francisco Sail Grand Prix (SailGP)

SailGP is making an electrifying return to the Bay Area. Fans can expect an intense competition as national teams race foiling catamarans at speeds of up to 60 mph. With a dedicated viewing area at the Marina Yacht Club Peninsula, this event promises an unforgettable experience for over 22,000 spectators.

• 📅 March 22-23, 2025 | 2:30 – 4:00 PM

• 📍 San Francisco Bay

• Click here for more details!

CarrierCon 2025

CarrierCon is set to transform the USS Hornet Sea, Air and Space Museum into a pop culture paradise, celebrating cosplay, gaming, and both Western and Japanese media. This unique convention not only brings fans together, but also supports the museum’s mission of education and preservation.

• 📅 Saturday, March 22, 2025 | 10:00 AM – 6:00 PM

• 📍 Alameda

• Click here for more details!

Tulip Day 2025

Tulip Day returns to Union Square in San Francisco, transforming the space into a vibrant sea of 80,000 tulips. Visitors can stroll through the colorful display, pick their own bouquet, and welcome spring with a fresh burst of color. With free entry and flowers, this event is a perfect way to embrace the season.

• 📅 Saturday, March 22, 2025 | 1:00 – 4:30 PM

• 📍 Union Square, San Francisco

• Click here for more details!

Sponsored by OWN Estate Real

THANKS!