Author Archives for Rumana Jabeen

Market Update – August 2017

August 17, 2017 10:43 am Published by Leave your thoughts

  Peninsula Real Estate Market Update – August 2017 The San Mateo County single family homes median sales price hit an all-time high in July, up 5.1% from last month, ending up at $1,492,500. The continued tight supply coupled with strong demand saw overbids hit 107.6%, a drop of 2.2% from last month. Condos/townhomes eased off their all time high of $850,000 in May to...

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Market Update – July 2017

July 20, 2017 6:23 pm Published by Leave your thoughts

  Peninsula Real Estate Market Update – July 2017 The San Mateo County single family homes median sales price slipped back again in June from April’s an all-time high, ending up at $1,420,000. The incredibly tight supply coupled with strong demand drove overbids to 109.8%, the highest level in the past five years. Condos/townhomes eased off their all time high of $850,000 that they reached...

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Guide to local Independence Day events

June 26, 2017 10:26 am Published by Leave your thoughts

The Fourth of July is one of my favorite holidays to celebrate in the Bay Area. We are so fortunate to have so much pride and patriotism on display. Here are a few local ways to celebrate the day: Foster City Fourth of July Celebration (my personal favorite-sponsored by my Foster City Lions!) Where: Foster City, Leo Ryan Park When: July 4, 9 a.m. –...

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Peninsula Real Estate Market Update – June 2017

June 14, 2017 11:19 am Published by Leave your thoughts

The median sales price slipped back the tiniest bit in May from April’s an all-time high for single family homes in San Mateo County, ending up at $1,473,850. The incredibly tight supply coupled with strong demand pushed the prices up and the overbids as well. Single family homes sold at a median overbid of 108.1%, also down from April’s 108.6%, but higher than last May’s...

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Market Update – May 2017

May 18, 2017 4:02 pm Published by Leave your thoughts

  Peninsula Real Estate Market Update – May 2017 San Mateo County’s continued hot housing market reflects the incredibly strong full employment economy that the Bay Area and the U.S. are experiencing. Not only is unemployment in San Mateo County historically low (3.2%), but also the number of employees who are involuntarily part-time is falling and older workers are remaining in the workforce longer. The...

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Market Update – April 2017

April 21, 2017 9:28 am Published by Leave your thoughts

Peninsula Real Estate Market Update – April 2017 Looking at San Mateo County’s March sales data, we continue to see strong buyer demand driving median sales prices up, and reluctant sellers keeping inventory exceptionally low. The strong sellers market conditions persist. The San Francisco – Silicon Valley economy remains very robust, but more mixed, as evidenced by a cooling in the commercial real estate leasing...

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