Health & Fitness
San Mateo Real Estate Market in Review
In the past few weeks, the San Mateo real estate market has surprised home buyers, sellers and Realtors with the number of multiple offers.
In the past few weeks, the San Mateo real estate market has surprised home buyers, sellers and Realtors with the number of multiple offers.
Of the 32 home sales so far this month, 23 sold for at or over the asking price.
Some sold amazingly high like 2812 Monterey - listed by The Simon Group of Alain Pinel Realtors - which sold for $71,000 over its $929,00 asking price.
Find out what's happening in San Mateowith free, real-time updates from Patch.
And 629 Prospect which sold for $109,000 over its $499,00 asking price; listed by Green Banker.
The stories of multiple offers continues with a home in Shoreview - currently under contract - receiving 27 offers. I can't wait to see what it actually sold for.
Find out what's happening in San Mateowith free, real-time updates from Patch.
There's a tremendous shortage of inventory with just 58 houses for sale in San Mateo while there are 125 houses under contract.
It's an uplifting situation for home sellers who have been beaten down over the past few years with short sales and foreclosures being the focus of stress and the topic of dinner conversation and media coverage.
Home buyers, though, are feeling a tremendous amount of frustration - especially first timers - who have been competing with investors for some time. Cash is king as investors open their wallets to purchase, fix and flip.
If you've been considering selling your house, this could be the perfect time to do it. Buying? Hang on. This craziness isn't going to last.
Stop by and say hello tomorrow at the CSM Farmers Market!
You can find more market data, news, views and opinions at San Mateo Real Estate Blog.com.
