April 23, 2020
MLSListings Silicon Valley and Coastal Regions Single-Family Homes Market Overview Positive Momentum Curtailed by Shelter-in-Place Prior to the March 16 shelter-in-place (SIP) order, the first half of March was looking quite promising in terms of sales and prices. In fact, 3 counties (Monterey, San Mateo and Santa Clara) ended March with higher median prices than a year ago despite the SIP. Also telling was that...
April 15, 2020
San Mateo County Real Estate Market Update – April 2020 The county-wide shelter in place order that took effect in mid-March ground most real estate activity to a halt. Our local MLS shut down virtually all activity – no open houses, no brokers tours, no private showings. These restrictions eased slightly with the recent ruling by the State of California that residential real estate is...
March 23, 2020
MLSListings Silicon Valley and Coastal Regions Single-Family Homes Market Overview Inventory and Median Days on Market Drop Again Inventory was again down year-over-year across all five MLSListings counties, maintaining a trend from the end of 2019. Inventory fell the least in Santa Cruz (12% less than last year) and decreased the most in Santa Clara (37% less than last February). The market continued to move...
March 4, 2020
Are you looking to buy or sell your home? Please see the March market update for each city in the Peninsula. Let me know if you want to discuss. Peninsula Home Updates
February 19, 2020
MLSListings Silicon Valley and Coastal Regions Single-Family Homes Market Overview 2020 Begins with Inventory, New Listings Down Continuing a trend we saw at the end of 2019, the new year began with less inventory in every MLSListings county year-over-year. Compounding the low inventory was reduced new listings, which were also down across the board compared to 2019. The tight supply of houses led to an...
February 17, 2020
San Mateo County Real Estate Market Update – February 2020 The effects of tight inventory continue to dominate our San Mateo County real estate market, with fewer home sales last month than at any time in the past three years. Buyer motivation remains strong, and properties that are correctly priced and well-presented are getting a greater number of offers than we’ve seen for a while....
February 4, 2020
Are you looking to buy or sell your home? Please see the February market update for each city in the Peninsula. Let me know if you want to discuss. Peninsula Home Updates
January 29, 2020
Information Happy Hour was successful again, both informative and delicious! Vidhya Babu Esq. delivered a terrific presentation about myriad ways to hold title in order to best protect our most valuable asset, our home. Mike Gunn delivered knockout appetizers and wines for us to enjoy. As I have posted before, I like to work with educated and informed clients. But not all topics in my...
January 22, 2020
MLSListings Silicon Valley and Coastal Regions Single-Family Homes Market Overview Year Ends with Inventory Down, Closed Sales Up 2019 concluded with median sale prices up year-over-year in every MLSListings county except for Santa Cruz. The number of homes sold in December 2019 saw double-digit increases in all counties versus last December, while inventory was down compared to December 2018 (and month-to-month) across the board. New...
January 21, 2020
Prepared by Elliot Eisenberg, PhD., MLSListings Partner Economist Internationally acclaimed economist, public speaker, and MLSListings Partner Economist, Elliot Eisenberg, PhD., recently published his Quarterly Market Overview for the fourth quarter of 2019. Here are Eisenberg’s insightful takes on: National Economic OverviewRegional Economic OverviewMarket Overview by MLSListings County Q4 2019 National Economic Overview After a weak start, growth in 19Q4 steadily improved and should come in...