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Brendan Aiello

Monday Mid-Peninsula Market Reports

Hey Everyone,

Here are the Monday Real Estate Market Reports! It’s the second week in a row that pending sales have been on a strong and steady rise. Is this the bottom? I don’t know; I don’t have a crystal ball. However, I am not the only one noticing the buzz in the real estate market. Fellow agents in my office have also agreed that there is a positive outlook right now. Lawrence Yun the Chief economist of the National Association of Realtors states “the upward movement gives reason to hope the industry could see a solid spring selling season” in his Real Life: Market Pulse article in Realtor Magazine. The San Francisco Chronicle that loves to share negative news even had something positive to save in J.W. Elphinstone’s “Analysts see a sliver lining in February Price Drop” Article.

If you’re on the fence about when the right time to buy might be. You might want to start the pre-approval process because the bottom could have just passed or is very near.

Stats From: April 26th, 2009 6:00AM

City

ACTIVE

High (List Price)

Median (List Price)

Low (List Price)

Belmont

54

$1,895,000

$950,000

$606,500

Burlingame

54

$2,449,500

$1,324,500

$595,000

Foster City

42

$2,290,000

$1,119,500

$769,000

Hillsborough

67

$18,000,000

$3,380,000

$1,064,000

Redwood Shores

19

$1,625,000

$1,070,000

$719,000

San Mateo

152

$2,695,000

$948,000

$375,000

Total

388

City

PENDING

High (List Price)

Median (List Price)

Low (List Price)

Belmont

27

$1,299,000

$799,900

$565,000

Burlingame

30

$3,298,000

$1,297,000

$614,900

Foster City

12

$1,499,999

$929,344

$794,888

Hillsborough

10

$4,595,000

$2,395,000

$1,775,000

Redwood Shores

6

$1,288,000

$1,098,500

$1,078,888

San Mateo

77

$3,100,000

$599,000

$379,000

Total

162

City (M.T.D. C.O.E.)

SOLD

High (List Price)

Median (List Price)

Low (List Price)

Belmont

9

$1,138,000

 

$807,,000

 

$575,000

Burlingame

8

$3,100,000

 

$1,016,000

 

$849,950

Foster City

1

$850,000

 

$850,000

 

$850,000

Hillsborough

5

$5,100,000

 

$2,630,000

 

$2,100,000

Redwood Shores

1

$958,500

 

$958,500

 

$958,500

San Mateo

18

$1,700,000

 

$716,500

 

$380,000

Total

42

Pennisula Real Estate Market Graphs

Please remember to read our webpage disclaimer, that statistics and all other information on this webpage/blog is deemed reliable, but not independently verified or guaranteed.

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Comments

4 Responses to “Monday Mid-Peninsula Market Reports”

  1. Furnished apartments nyc on May 8th, 2009 5:35 am

    Thanks for all of your statics.

  2. Brendan Aiello on May 9th, 2009 2:04 pm

    I am glad you enjoy them. Thank you for reading!

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