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 |
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.
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.
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