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 |
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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