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Brendan Aiello

Good News On All Statuses!

Hey Everyone,

I have very good news this week! Compared to years past…

1.) Active Listings continue to decrease (less inventory will eventually drive prices back up).

2.) Pending Sales continue to rise!

3.) For the first time in a while, Closed Escrows/Sales are higher now than they were in 2008 at this time!

Stats From: June 7th, 2009 6:00AM

City

ACTIVE

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

49

$1,749,000

 

$958,000

 

$588,900

Burlingame

56

$3,595,000

 

$1,370,000

 

$580,000

Foster City

30

$2,290,000

 

$1,134,000

 

$845,888

Hillsborough

77

$18,000,000

 

$3,380,000

 

$999,000

Redwood Shores

18

$1,498,000

 

$1,113,500

 

$699,950

San Mateo

143

$2,995,000

 

$879,000

 

$299,000

 

 

         
Total

373

         
             
             
City

PENDING

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

32

$1,248,000

 

$834,000

 

$598,900

Burlingame

33

$3,298,000

 

$1,299,000

 

$599,000

Foster City

17

$1,599,000

 

$989,289

 

$858,000

Hillsborough

18

$4,684,500

 

$2,122,500

 

$1,500,000

Redwood Shores

3

$1,298,000

 

$1,048,000

 

$915,519

San Mateo

88

$2,395,000

 

$693,500

 

$367,000

             
Total

191

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

SOLD

High (List Price)

Median (List Price)

Low (List Price)

 

 

         
Belmont

1

$975,,000

 

$975,000

 

$975,000

Burlingame

6

$1,950,000

 

$1,236,500

 

$878,000

Foster City

5

$980,000

 

$854,000

 

$750,000

Hillsborough

2

$4,300,000

 

$3,400,000

 

$2,500,000

Redwood Shores

3

$1,650,888

 

$1,153,000

 

$710,000

San Mateo

7

$1,730,000

 

$1,025,000

 

$389,900

 

 

         
Total

24

         

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

3 Responses to “Good News On All Statuses!”

  1. asiagoSF on June 10th, 2009 11:18 am

    aren’t pending sales going up simply because the pending process is taking longer now than it used to, due to closer bank scrutiny? If that’s the case, it’s a misleading statistics.
    You should really look at new units going into pending instead.

  2. Brendan Aiello on June 10th, 2009 11:28 am

    Hi Asiago,

    The statistics are the way they are because my father has been pulling the same consistent statistics for the past 20+ years. These are simply his statistics shared with the world.

    However, your comment is partially right. Some of the pending sales are a result stricter loan requirements and other factors causing longer escrows. However, I wouldn’t call the information “misleading” because they are correct they predicted higher Closed Sales. Sales are up this year from the same time last year, nothing is misleading about that.

    -Brendan Aiello

  3. Frederic@discuss on October 11th, 2012 11:39 am

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