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Brendan Aiello

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.

 

Statistics From: September 27th, 2009 @ approx. 6:00AM

City

ACTIVE

High (List Price)

Median (List Price)

Low (List Price)

Belmont

56

$1,695,000

$927,475

$559,000

Burlingame

66

$3,149,000

$1,324,000

$514,900

Foster City

21

$1,550,000

$1,088,000

$739,000

Hillsborough

77

$12,999,000

$2,898,000

$1,715,000

Redwood Shores

16

$1,438,000

$1,095,000

$759,000

San Mateo

131

$2,495,000

$899,950

$398,000

Total

367

City

PENDING

High (List Price)

Median (List Price)

Low (List 121 Building a Big best-data-recovery.com Foundation with the Hadoop Ecosystem . Price)

Belmont

28

$1,359,000

$820,000

$599,000

Burlingame

30

$3,190,000

$1,125,000

$558,000

Foster City

9

$1,319,000

$1,085,000

$798,000

Hillsborough

19

$6,500,000

$2,600,000

$889,900

Redwood Shores

8

$1,195,000

$1,024,000

$875,000

San Mateo

117

$2,495,000

$599,000

$375,000

Total

211

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

SOLD

High (Sales Price)

Median (Sales Price)

Low (Sales Price)

Belmont

11

$1,110,000

 

$690,000

 

$530,000

Burlingame

17

$2,200,000

 

$1,350,000

 

$988,500

Foster City

9

$1,105,000

 

$940,000

 

$810,000

Hillsborough

10

$6,888,000

 

$2,302,500

 

$1,250,000

Redwood Shores

4

$1,250,000

 

$1,040,000

 

$756,250

San Mateo

40

$1,760,000

 

$706,300

 

$297,000

Total

91

 

Mid-Peninsula Real Estate Chart & Statistics

 

 

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

One Response to “Monday Real Estate Market Report – Things Are Looking Up!”

  1. ANSH@costa rica real estate on October 27th, 2009 6:51 am

    Monday Real Estate Market Report gives you all the information about the real estate. I hope you will give some interesting topics to discuss again.

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