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David Tapper

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!

Brendan Aiello

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!

 

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Brendan Aiello

Monday Real Estate Market Statistics and Graph

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Stats From: September 13th, 2009 6:00AM

City

ACTIVE

High (List Price)

 

Median (List Price)

 

Low (List Price)

             
Belmont

47

$1,550,000

 

$949,500

 

$559,000

Burlingame

69

$3,395,000

 

$1,375,000

 

$514,900

Foster City

21

$1,550,000

 

$1,178,000

 

$849,000

Hillsborough

75

$12,999,000

 

$2,988,000

 

$889,900

Redwood Shores

19

$1,458,000

 

$1,095,000

 

$790,000

San Mateo

120

$2,495,000

 

$892,000

 

$388,888

 

 

         
Total

351

         
             
             
City

PENDING

High (List Price)

 

Median (List Price)

 

Low (List Price)

             
Belmont

25

$1,299,000

 

$775,000

 

$549,000

Burlingame

28

$2,795,000

 

$1,125,000

 

$558,000

Foster City

8

$1,299,000

 

$974,000

 

$798,000

Hillsborough

22

$6,988,000

 

$2,787,500

 

$1,499,000

Redwood Shores

7

$1,299,921

 

$875,000

 

$769,000

San Mateo

115

$2,495,000

 

$599,900

 

$375,000

             
Total

205

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

SOLD

High (Sales Price)

 

Median (Sales Price)

 

Low (Sales Price)

 

 

         
Belmont

7

$1,110,000

 

$808,000

 

$650,000

Burlingame

8

$2,795,000

 

$1,125,000

 

$558,000

Foster City

5

$1,105,000

 

$940,000

 

$810,000

Hillsborough

4

$3,125,000

 

$2,062,500

 

$1,250,000

Redwood Shores

1

$1,250,000

 

$1,250,000

 

$1,250,000

San Mateo

15

$1,110,000

 

$720,000

 

$400,000

 

 

         
Total

40

         

Pete F. Aiello Real Estate Market Graph

 

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

Labor Day Peninsula Real Estate Stats!

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First off, HAPPY LABOR DAY! These stats are coming from beautiful South Lake Tahoe, CA (stay tuned for Lake Tahoe Weekend Getaway Writeups Coming Soon). Anywho, time for the local real estate market analysis!

The promising trend is the increased number of homes in the pending status continues! In 2006 there were 136, 2007 there were 96, last year at this time 130 and as of this morning there are 212. Now we can speculate a portion of the increase of homes in the pending status to homes being in escrow for a longer period of time primarily due to lender issues, either waiting for a short sale approval for the seller or some new last, minute requirement from the buyer’s lender. But I truly believe that the increase is primarily being driven by improved market conditions, with the greatest amount of multiple offers and overbiding occurring in the price ranges of entry level homes in these communities. Additionally there has been an increase in number of pending sales of the more expensive homes. If this is true, look for reports on the rise of median prices as a result (they will be posted here in our Monday Market Reports, when we can verify that this is true)

Enjoy the stats!

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Fay Tapper

What Do The Different Real Estate Statuses Mean?

Hello Everyone,

We recently received a question regarding a certain status on a listing in the area so we figured that we would explain what each status means and what it means to you (the buyer and seller).

ACTIVE – Means “Buy Me” or “I”m for sale”, “please make an offer!” An active listing could be a new listing, or it could have sat on the market for 30 days or more. Or, it could be a re-list where the home was listed before at a higher price, or listed with another agent. It could have also been listed and expired. Please note: Make sure you work with an experienced agent who knows the area where you are looking.

PENDING – means the property has sold and there are no contingencies and is waiting to close escrow.

PENDING W/ RELEASE – means the buyer has agreed to purchase the home subject to selling their own home, or another contingency that allows other buyers to make an offer on the home. If the seller receives another offer, the buyers : Check out the latest pics of justin-bieber-news.info “Big things coming. in contract usually have 72 hours to determine if they would like to move forward with the purchase and remove their contingencies, or bow out and do a release of contract.

PENDING W/ OUT RELEASE – means the buyer and seller have agreed to terms and the buyer has a set Learning to Natural Detox Drink the body doesn’t have to be complicated, but it does mean that you will have to make healthy choices that really work for you. time frame to do their inspections and or get their loan approved. Other buyers cannot make an offer and push the buyer out of first position, but they may make a back up offer. Please note: If a buyer casinondal really likes casino online a home that is Pending, they should have their agent contact the listing agent to see if they can write a back up offer. If the seller agrees, the buyer would go into first position without the home going back on the open market. The seller does have the right to renegotiate the terms and conditions unless specified in the contract.

EXPIRED – means the property did not sell within the time frame set in the listing agreement. Please note: When a home expires, it is almost always because the home was over priced. Many sellers who have had their properties expire believe it was the fault of the listing agent, not the price.

WITHDRAWN – means the property was taken off the active market (the MLS) but the listing agent still has a valid contract. Please note: Sometimes sellers decide to remodel or do some clean up and painting before re-listing their home and putting it back on the open market.

CANCELED – means the seller and listing agent have agreed to terminate their relationship.

SOLD – means that property has closed escrow and transfered ownership. This is often music to a buyer”s ears, the house this finally theirs! For more information, on the transfer of ownership read this post.

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