San Francisco Peninsula Update on the Housing Market

February 11, 2013

40verbaleelane-hillsboroughOn the San Francisco Peninsula there are 14 active and 16 pending sales in Burlingame. Low inventory continues to be a problem everywhere. It is amazing how agents keep coming up with properties to sell to their waiting “pent up” buyers. Our Burlingame office just had 50 offers on a pair of fixer properties in San Mateo, which sold all cash substantially over asking price. There is little new inventory coming on in Hillsborough, however the high end is starting to show movement with four properties over $10 million and two over $5 million now in escrow. This is very encouraging to see high-end buyers actively in the market. Our Palo Alto manager says the inventory is even scarcer (if possible) than last year – while the demand is higher. Lack of inventory is the biggest concern for agents and clients in the Redwood City-San Carlos area. Agents are working in a wider area in order to find properties for their buyers. In San Mateo, our manager sees a slight increase in listings. Homes that are off-market coming back on the MLS in the Woodside and Portola Valley area. Sales have picked up over the past two weeks. Everyone has lots of buyers – not too many sellers yet.

Enhanced by Zemanta

About San Carlos Stats

March 13, 2010

San Carlos median sales prices

San Carlos, Spanish for Saint Charles of Borromeo,  halfway between San Francisco and San Jose. It is an affluent small residential suburb between Belmon & Redwood City.

Reblog this post [with Zemanta]

    • Belmont
    • San Carlos
    • Redwood City
  • Subscribe

    Email Newsletter

    Never miss any valuable information on Belmont, San Carlos or Redwood City.

    Enter your email address to receive blog articles in your inbox:

    Enter your email address:

  • Home Search

Recent Comments

  • Jason Witten Jersey: I got what you intend,saved to favorites, very nice internet site.
  • deurl.me: Hi there friends, its wonderful paragraph about cultureand completely explained, keep it up all the time.
  • Stanford Sixt: Hi, I have been using Kuvings B6000 for two years and now I can tell you my opinion. It’s a...
  • Mimi: Hey, you’re the goto exrtep. Thanks for hanging out here.
  • Gordana: Hello! I found you via The Fitnessista comments and your blog is AWESOME. I love trveal so much but have not...

Brought To You By