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Brendan Aiello

Monday Mid-Peninsula Market Reports

Okay, Just stats this week. All the numbers are still looking good for market recovery, but remember due to stricter loan rules most of pending sales are going to take longer to get through escrow. How much longer will each transaction take? In the past, we would estimate a home taking about 30 days on average to get through escrow. But now, with new restrictions we are estimating escrows to take on average of 60 days. Short sales often taking longer than 90 days.

With that being said, here are this weeks stats!

Stats From: May 24th, 2009 6:00AM

City

ACTIVE

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

46

$1,749,000

 

$949,999

 

$599,000

Burlingame

55

$2,795,000

 

$1,429,000

 

$580,000

Foster City

33

$2,290,000

 

$1,169,000

 

$849,948

Hillsborough

75

$18,000,000

 

$3,380,000

 

$1,064,000

Redwood Shores

18

$1,528,000

 

$1,074,444

 

$699,950

San Mateo

136

$2,995,000

 

$884,500

 

$367,000

 

 

         
Total

363

         
             
             
City

PENDING

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

26

$1,248,000

 

$812,475

 

$606,500

Burlingame

37

$3,298,000

 

$1,195,000

 

$599,000

Foster City

18

$1,599,000

 

$1,013,444

 

$790,550

Hillsborough

13

$4,684,500

 

$2,395,000

 

$1,599,000

Redwood Shores

9

$1,625,000

 

$1,088,000

 

$769,000

San Mateo

86

$2,395,000

 

$714,475

 

$375,000

             
Total

189

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

SOLD

High (List Price)

Median (List Price)

Low (List Price)

 

 

         
Belmont

11

$1,300,000

 

$875,000

 

$596,000

Burlingame

10

$1,600,000

 

$1,290,000

 

$650,000

Foster City

5

$1,400,000

 

$898,000

 

$860,000

Hillsborough

7

$4,490,000

 

$3,053,000

 

$1,850,000

Redwood Shores

1

$1,080,000

 

$1,080,000

 

$1,080,000

San Mateo

28

$2,900,000

 

$843,750

 

$400,000

 

 

         
Total

62

         

 

Pennisula Real Estate Market Graphs and Charts

 

 

 

 

 

 

 

 

 

 

 

 

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

7 Responses to “Monday Mid-Peninsula Market Reports”

  1. Timm on May 30th, 2009 12:58 am

    Its a good thing for your market recovery. Its really been down during the recession. I hope this recovery will continue after 60 days, and everything will be fine.

  2. Brendan Aiello on May 30th, 2009 3:24 pm

    Hey Timm,

    Yes, I believe in 30-90 days we will see closed sales rise.

    Stay tuned,

    -Brendan

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