Has The Real Estate Market Hit Bottom Yet?

Have we hit the real estate housing market bottom?

Currently, this is the most common question Realtors hear today. “Have we hit the bottom yet?” No, but we are very close. This blog post is being posted to announce our new Monday Market Analysis. I will post a chart of all currently Active, Pending, and Sold listings in Belmont, Burlingame, Foster City, Hillsborough, Redwood Shores, and San Mateo. All the information will be taken from similar weeks from four years past (Seasonal Smoothing) to try to limit seasonality distorting the numbers and put into a graph.

City

ACTIVE

High (List Price)

 

Median (List Price)

 

Low (List Price)

       
Belmont

50

$1,895,000

 

$985,000

 

$649,000

Burlingame

59

$2,650,000

 

$1,299,000

 

$595,000

Foster City

40

$1,699,000

 

$1,084,000

 

$790,550

Hillsborough

51

$18,000,000

 

$3,988,000

 

$1,890,000

Redwood Shores

18

$1,448,441

 

$1,086,500

 

$749,950

San Mateo

147

$3,100,000

 

$925,000

 

$348,888

       
Total365     
       
       
City

PENDING

High (List Price)

 

Median (List Price)

 

Low (List Price)

       
Belmont

21

$1,099,000

 

$750,000

 

$559,000

Burlingame

17

$3,298,000

 

$999,950

 

$614,900

Foster City

4

$1,150,000

 

$988,500

 

$849000

Hillsborough

8

$3,480,000

 

$2,842,500

 

$1,775,000

Redwood Shores

2

$1,235,000

 

$1,117,499

 

$999,999

San Mateo

61

$2,195,000

 

$589,900

 

$379,000

       
Total

113

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

SOLD

High (List Price)

 

Median (List Price)

 

Low (List Price)

 

 

     
Belmont

10

$1,161,000

(-)

$926,000

(-)

$665,000

Burlingame

6

$1,450,000

(-)

$1,025,000

(-)

$686,500

Foster City

2

$960,000

(-)

$920,000

(-)

$880,000

Hillsborough

2

$5,300,000

(-)

$4,420,000

(-)

$3,540,000

Redwood Shores

2

$1,050,000

(=)

$955,000

(-)

$860,000

San Mateo

19

$1,505,000

(+)

$725,000

(-)

$399,000

 

 

     
Total

41

     

 

Pennisula Real Estate Market Analysis

 

Please remember to read our webpage disclaimer, that states all information on this webpage/blog is deemed reliable, but not independently verified or guaranteed.

Leave a Reply