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Brendan Aiello

Mid-Peninsula Real Estate Market Statistics

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Stats From: June 21st, 2009 6:00AM

City

ACTIVE

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

44

$1,749,000

 

$962,500

 

$500,000

Burlingame

57

$3,295,000

 

$1,449,000

 

$580,000

Foster City

34

$1,588,000

 

$1,074,000

 

$834,000

Hillsborough

75

$18,000,000

 

$3,250,000

 

$999,999

Redwood Shores

18

$1,498,000

 

$1,104,000

 

$680,000

San Mateo

149

$2,995,000

 

$899,000

 

$299,000

 

 

         
Total

377

         
             
             
City

PENDING

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

33

$1,288,000

 

$849,000

 

$568,900

Burlingame

33

$2,500,000

 

$1,179,000

 

$599,000

Foster City

14

$1,590,000

 

$993,644

 

$858,000

Hillsborough

18

$4,790,000

 

$1,964,500

 

$1,500,000

Redwood Shores

2

$1,048,000

 

$978,954

 

$909,909

San Mateo

85

$2,195,000

 

$599,000

 

$361,000

             
Total

185

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

SOLD

High (List Price)

Median (List Price)

Low (List Price)

 

 

         
Belmont

12

$1,200,000

 

$951,500

 

$635,000

Burlingame

15

$2,425,000

 

$1,350,000

 

$830,000

Foster City

9

$1,450,000

 

$897,500

 

$750,000

Hillsborough

7

$4,300,000

 

$2,500,000

 

$1,828,000

Redwood Shores

5

$1,650,888

 

$1,153,000

 

$710,000

San Mateo

33

$2,385,000

 

$900,000

 

$370,000

 

 

         
Total

81

         

Team Tapper's Monday Peninsula Real Estate Market Report Chart

 

 

 

 

 

 

 

 

 

 

 

 

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.

Brendan Aiello

Monday Real Estate Market Report!

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Stats From: June 14th, 2009 6:00AM

City

ACTIVE

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

49

$1,749,000

 

$935,000

 

$588,900

Burlingame

55

$3,595,000

 

$1,390,000

 

$580,000

Foster City

33

$1,588,000

 

$1,088,000

 

$845,888

Hillsborough

75

$18,000,000

 

$3,380,000

 

$999,000

Redwood Shores

20

$1,498,000

 

$1,103,500

 

$699,950

San Mateo

143

$2,995,000

 

$899,000

 

$299,000

 

 

         
Total

375

         
             
             
City

PENDING

High (List Price)

Median (List Price)

Low (List Price)

             
Belmont

29

$1,268,000

 

$849,000

 

$568,900

Burlingame

35

$2,900,000

 

$1,199,000

 

$599,000

Foster City

15

$1,599,000

 

$998,000

 

$858,000

Hillsborough

19

$4,790,500

 

$1,995,000

 

$1,500,000

Redwood Shores

2

$1,048,000

 

$981,759

 

$915,519

San Mateo

96

$2,395,000

 

$699,000

 

$367,000

             
Total

196

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

SOLD

High (List Price)

Median (List Price)

Low (List Price)

 

 

         
Belmont

7

$1,050,000

 

$842,000

 

$635,000

Burlingame

7

$1,950,000

 

$1,475,000

 

$878,000

Foster City

7

$980,000

 

$854,000

 

$750,000

Hillsborough

5

$4,300,000

 

$2,500,000

 

$1,828,000

Redwood Shores

4

$1,650,888

 

$1,186,500

 

$710,000

San Mateo

16

$1,730,000

 

$930,000

 

$370,000

 

 

         
Total

46

         

Team Tapper's Monday Peninsula Real Estate Market Report Chart

 

 

 

 

 

 

 

 

 

 

 

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.

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!

Read more

Brendan Aiello

The Monday Peninsula Real Estate Market Report

Hello Everyone,

Here are your weekly real estate stats! One interesting fact of the week is that 19 of the 41 homes in San Mateo sold for at or above the asking price.

What does this tell us…? A few things:

1. The San Mateo Real Estate Market is obviously making a rebound.

2. Some people are pricing better.

3. People are still willing to write over the asking price.

4. There are some great buys out there.

Read more

Brendan Aiello

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!

Read more

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