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 |
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.
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.
Hey Timm,
Yes, I believe in 30-90 days we will see closed sales rise.
Stay tuned,
-Brendan
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