Lee Ginsburg

It is a Seller’s Market in the North Peninsula of the San Francisco BAy Area
March 22, 2012 ·  

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”

www.leesellsmore.com
Lee Ginsburg

Lee Ginsburg Lee Ginsburg (67 Posts)

I moved to the peninsula area of San Francisco immediately after graduating from Northeastern University in 1976 as Regional Sales Manager for Leonard Silver Mfg. a major gift importer and manufacturer. I owned and operated Designers Center a retail gift and home furnishings store in the Tanforan Shopping Center from 1980-2003. Now my son, Jared and his partner Ed are owner operators. Coming from retail customer service is #1. I do whatever necessary to make your real estate transaction as stressless, sucessful and enjoyable as possible. My retail experience helps me negotiate for my clients both buyers and sellers. In retail I negotiated with vendors, landlords, customers and employees every day. I did direct marketing, mass marketing, personal calls niche marketing and more. I use all that and more to help sell my clients homes for maximum value. My marketing experiencing also aids home buyers when coming in with a low offer oe when involved in multiple offer properties My honesty and professionalism helps the buyer and seller understand the full situation. I treat each transaction as if it is my own. When not working I enjoy socializing with friends and family. Food is always a great addition to socializing. I have a cute little Havanese white fluffy dog. My wife of 32 years treats him better than me. Hockey is my favorite sport but I enjoy basketball, baseball, and football. I do not play golf yet. Because of my skills, I have helped very successfully the Home sellers, first time home buyer, the move up buyer and the investor. The majority of buyers and sellers that I have represented were located in San Mateo, San Francisco, and Santa Clara Counties. When you hire me you will receive 100% Honesty, and 110% Effort. My friends often call me a work-a-holic. I call it living up to my obligations. And I enjoy every minute of it. I will give you all the facts; I will give you the pros and the cons. Being from New York I will give you my opinion but you will make the final decision. I understand numbers. I personally have been investing in the Bay Area for over 30 years and own investment real estate properties. I have experience in single family homes, condominiums, and multi-unit building with up to 15 units.


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Comments

2 Responses to “It is a Seller’s Market in the North Peninsula of the San Francisco BAy Area”

  1. Larry Franzella on March 28th, 2012 10:21 am

    The shortage of inventory continues to drive the market to a seller’s market – it is a great time to sell.

    Larry Franzella
    Prudential California Realty

  2. Brian Boisson on April 5th, 2012 9:03 am

    Lee,
    The market has changed, and smart sellers realize it.

    Brian Boisson
    Prudential California Realty

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