Categories for Market Conditions

Market Update – August 2017

  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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August 2017 Peninsula Homes Update

Are you looking to buy or sell your home? I have attached an August market update for each city in the Peninsula. Let me know if you want to discuss.     Peninsula Home Updates

June 2017 Peninsula Homes Update

Are you looking to buy or sell your home? I have attached a June market update for each city in the Peninsula. Let me know if you want to discuss.   Peninsula Home Updates

Market Update – May 2017

  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

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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Market Update – March 2017

March Real Estate Market Report The San Mateo County real estate market continues to experience strong buyer demand and an exceptionally low number of homes and condos for sale. The strong demand is supported by a clean sweep of positive economic indicators just posted by The Conference Board, which reported that consumer confidence is at a 15 year high, and the Leading Economic Index, CEO...

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2016 – Year in Review, 2017 – Year in Advance

KW Peninsula Estates January Market Update 2016 – Year in Review 2017 – Year in Advance   Pretty much every article from respected economic sources is painting a rosy picture for the results of 2016 as well as the outlook for 2017, with a few caveats. 2016 saw unemployment fall in 271 of 387 urban markets while payroll jobs expanded in 303. Real GDP was...

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November 2016 – After the Election

An unanticipated negative result of the presidential election is that interest rates jumped .25%-.375% higher in just two days following the election. This is only the second time that significant a rise has occurred that fast. The immediate effect of this on housing sales is that buyers borrowing capacity just dropped. For example, let’s say someone qualified last week for a $1,000,000 loan at 3.75%....

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