HOW'S THE MARKET?

The market remains balanced in San Mateo County and around the Bay Area. There are some hot pockets here and there but, for the most part, it’s balanced leaning slightly towards the sellers due to low inventory.

Yes, overall, we are still below normal levels of homes for sale. I see no reason for rates to drop down to artificial lows as they were a few short years ago. The rates we are at are historical averages. Ask someone in the 60’s, 70’s or 80’s about interest rates in the early 1980’s - DOUBLE DIGITS like 18-19% interest for a home mortgage. In the late 1980’s my mortgage was 9.5% and I thought I struck gold.
Life is short don’t wait yourself out of an opportunity.
68 single family homes For Sale
19 homes sale Pending
12 homes Sold in the past 30 days
19 homes listed were withdrawn, canceled or expired in the last 30 days
Nationwide we are seeing more home listings being canceled or that expire than in the past. This is due mainly to properties not being presented correctly for current market conditions. That could include a few factors; the two most common are condition and price, but include presentation, photos, video, location, neighboring properties, seller circumstances, etc.