Current Home Sales Stats for Q3 — Who’s Buying What?
So for single family homes, here's what happened in Q3 ' 08 (July, Aug, Sep) in a handful of Peninsula cities:
|
Current Inventory |
Closed Sales |
Avg. CDOM |
Median Price |
% LP Rec'd. |
|
| Belmont |
57 |
51 |
42 |
900,000 |
98.6% |
| Menlo Park |
116 |
77 |
53 |
1,340,000 |
98.9% |
| Palo Alto |
92 |
99 |
32 |
1,700,000 |
101.1% |
| Redwood City |
208 |
126 |
82 |
790,000 |
98.3% |
| San Carlos |
66 |
77 |
44 |
1,020,000 |
98.6% |
| San Mateo |
150 |
159 |
63 |
825,000 |
98.5% |
Just a small sampling… Want to see another city's stats? Email ed@edgory.com, or just leave a comment!
This entry was posted on Friday, October 17th, 2008 at 12:52 pm and is filed under Real estate.
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Realtor, Marathon Man, "Man of a Thousand Voices".
Ed,
Intersting stuff. The Bay Area is such a vacuum… though prices are probably “down” a bit, they are probably just right given the past few years. If you had to pick a city or two, where do you think the best values are right now? As I look at houses in different areas, I keep seeing value in places like SSF, RWC and San Mateo.
Thanks for the question, Mo. Of course, value is completely subjective depending if you’re talking strictly dollar value, or relative dollar value for a “good” areas (another hugely subjective terms). If it’s the latter, than areas like Sunnybrae in San Mateo, Mt. Carmel in Redwood City, pockets of San Bruno and Pacifica all represent good values right now. The pendulum has swung wide towards buyers these days, so there’s definitely lots of opportunities out there. Let’s chat further soon if you want.