I thought I’d share some interesting data we ran for each of the towns I cover on the north peninsula. The data includes the median home price, number of sales, the lowest and highest closed sales, and the percentage of list price received, for real estate in Burlingame, Hillsborough, San Mateo, San Carlos, Belmont, Foster…..
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Sales Activity Healthy in 2012 Redwood Shores is a relatively small market with less than 100 sales in most years, so comparing activity in just the first quarter of the year can be misleading. Sales appear to be up sharply in the first three months of 2012, as compared to 2011, with 15 homes sold this…..
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Inventory Plummets The inventory of for-sale homes has a normal seasonal pattern, reaching a peak in the summer and a trough at the end of the year. In each of the nine years from 2004 to 2011, inventory rose in the first quarter of the year (see columns in black). 2012 has been quite different……
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Sales Activity Continues to Climb Since reaching a nadir in 2008, the number of homes sold in San Mateo County increased in each of the next three years. Through the first two months of 2012, sales are again ahead of the prior year pace. There have been 519 homes sold so far this year, versus…..
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There were mixed signals in the San Mateo County real estate market in 2011, but overall, there was evidence of further recovery from the depths of 2008 and 2009. One of the strongest signs was the number of transactions. There were 4,633 homes sold in 2011, up 5% from 2010 and 13% from 2009. It…..
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Most of San Mateo County is experiencing a bump in home sales in 2011, but some of the mid-Peninsula cities, such as Belmont, Foster City, and Redwood Shores have had noticeable declines. In September 2011, nine homes sold in the Redwood Shores real estate market. Through the first nine months of the year, there have been 39…..
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