Monday Real Estate Market Report – Things Are Looking Up!
Good Morning Everyone;
As usual the real estate chart (at the bottom of the post) tells the story pretty well. The the number of Pending sales are climbing since 2007. The number Closed sales are slightly higher than the previous three years. There is a an increase in the number of active listings, but not like we were seeing when the market first showed signs of slowing down. And we didn’t have the big glut of inventory like other markets. Still don’t.
Both the number of Pending Sales and Closed escrow went up this week. That hints to me that the escrow process might be loosening up a little bit. There was more real estate moving from Pending to Sold than those going into Pending. And the Pending Sales are higher than the past two years at this time. So our local real estate market is picking up. We are also encouraged to see that high end real estate in Hillsborough is selling. A six million plus home moved to both Pending and Sold statuses.
Follow-Up To Yesterday’s Video
Hello Again Everyone,
Here is a follow-up to yesterday’s video! Do you want to know if I got the listing…? You will have to watch to find out!
TeamTapper.com’s First Video – Tap Goes To A Listing Presentation
Hey Folks,
So here it is Team Tapper’s first video. Yesterday on my way to a listing presentation, I had my little Flip Mino video camera next to me in the car, so I thought there is never a better time like the present. So here it is – forgive the quality & poor editing, it will only get better with time.
So, if for some reason the video isn’t working for you. The premise behind the video is that homes shouldn’t be priced by how much the Sellers want or need for the home. It’s based off comparable home sales to determine a price closest to market value.
I hope you enjoyed the video! Stay tuned for many more videos from Team Tapper at www.TeamTapper.com!
Your Monday Mid-Peninsula Real Estate Market Update
Good Evening Everyone,
Here are some quick statistics on how many properties sold for at or above their asking price.
In Belmont 5 of 9 properties have sold at or above the asking price.
In Burlingame 4 of 12 properties have sold at or above the asking price.
In Foster City only 1 of 7 properties have sold for at or above their asking price.
In Hillsborough no properties (of 7 properties) have sold at or above their asking price
In Redwood Shores no properties (of 1 property) have sold at or above their asking price.
In San Mateo 16 of 31 properties have sold at or above their asking price.
Of these cities the most interesting facts go to Burlingame and Hillsborough.
In Burlingame the property with the highest sales price, sold for $205,000 OVER the asking price
In Hillsborough, the property with the highest sales priced home sold for $170,000 UNDER the asking price, the median home sales price sold for $115,000 UNDER the asking price, and the lowest sales price sold for $250,000 UNDER the asking price.
Hope you enjoyed this weeks different angle at the statistics!
Map of The Skyfarm Neighborhood!
Here is a map of the “Skyfarm” Neighborhood that is located in Hillsborough, CA 94010.
View Skyfarm in a larger map
* This is a rough sketch of the area and should be confirmed by a professional.
