It is a Seller’s Market in the North Peninsula of the San Francisco BAy Area
There is a lack of homes for sale on the market today. There are few foreclosures and not many short sales to bring down the value of your home. This might be the time you were waiting for. Prices are inching up ever so slightly and well-priced homes in clean, decent, condition are selling quickly with multiple offers above the list price. I think it might be time for you to talk with your Real Estate Consultant. Sunday Open Homes are over flowing with buyers. They want to buy now with the lowest interest rates ever. With the low interest rates they are approved for a higher priced home than previously. We are going into the prime spring and summer selling season. Please feel free to contact me to discuss the market, your home’s value, and your options. I also help homeowners owing more than the home is worth. I am a certified Short Sale and Foreclosure Resource.
Please look at these numbers. I don’t run these numbers often. I am in the market every day and I am amazed at these numbers and the major change from last year. A 60% decrease in the number of homes for sale. An average of 13 days for a home to sell! WOW!!!
Active Active Sold in Days on market Current
Mar. 2012 Mar. 2011 2012 listings in 2012 months’ supply
San Bruno 25 87 33 14 1.7
SSF 32 125 40 12 1.9
Daly City 51 204 79 11 1.5
Millbrae 17 41 15 13 2.75
Burlingame 38 55 19 11 4.75
San Mateo 73 165 83 17 2
Based on these numbers we are in a seller’s market. 3 months of supply is considered an equal market for buyers and sellers. These numbers were gathered from the MLS and Sam Car on Mar. 11, 2012
“It is Better To Own Real Estate and Wait, Than Wait To Own Real Estate”