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 |
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.
Thanks for all of your statics.
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