From the Skycrest Village, new homes in San Bruno, to the bank owned fixer uppers, San Bruno homes for sale are feeling the shift of a real estate "shake up"! Inventory over the past few weeks has dwindled down to a mere 40 homes for sale and 15 condos. That's not too many when you consider that San Bruno consists of 14,677 households.
Over the past 2 weeks 14 homes have "pending sales". That's one sale per day in just 2 weeks! We haven't seen movement in the market like that in quite some time. The recent average sale price according to the San Mateo County MLS (Multiple Listing Service) is $470,000.
Currently, there are 2 two bedroom condos for sale at the Peninsula Place Condominium complex listed at $279,000. Great opportunity for investment or living in close proximity to the airport and San Francisco. There are also still some great little ranch style homes for sale in the $300,000 range.
San Bruno real estate is prime property because of its nice weather, living on the better side of a fog belt, it's closeness to San Francisco and all of the conveniences and comforts of living in community that cares about its citizens. People are drawn to San Bruno for it's rich and diverse cultures, awesome parks and recreation activites, and dedicated school system, as well.
San Bruno bank owned fixer upper!
It's great to see this activity in the market. It's not centralized to the lower priced homes, either! Recently, I was involved in a "bidding war" for a house in the Rollingwood area of San Bruno which was handsomely priced at $564,000. This was a 4 bedroom, 2 bath home in average shape. We were up against 5 offers in less that one week!
The lower priced homes do generally get more multiple offers and a lot of them are being bought "all cash". Imagine that! I think the real estate "slow down" in San Bruno has pick up the pace and has buyers and sellers making new decisions of whether or not to buy or sell. It's a win win situation for both sides, it seems to me!
I am not one of profound wisdom, but I am hearing some positive signs of real estate making a turn around, a turn around for the better! Basically, the thinking goes like this, "Hmmm, real estate values are down, not only do I still have my job but I have some cash sitting around, and rates are very low - and may not go lower. So maybe I will stop renting and buy a place (or pick up that non-owner occupied property, or that vacation home), or at least see what is out there." The market will tell you that at some price, there is a buyer for everything.
San Francisco, the San Mateo Peninsula, East Bay and South Bay are experiencing a surge in homebuyers who are jumping off the fence to try and get their hands on property that they could have only wished they could afford a few years ago. Check out the news link below to see what I'm talking about!
Real estate therapy for the home buyer, home seller and home owner is a pretty common request these days. Some of the most frequently asked questions start from what the current value of a home is in order to make a decent offer or sale to how one could lower their property taxes. It's a different market out there in real estate but there are some interesting things going on!
What is the current value of the home you are placing a bid on anyways?We got Zillow telling us one thing and the seller telling us another! It's tough to come up with decent comparables in some cases where there hasn't been a sale in months. We know that the value has dropped but what should we base our offer on? In many cases we have to base the offering price on comparable "active" properties. We have to check how long these homes have been on the market and if they have had any activity! Comparing the "active" homes and their condition, square footage, and location should help determine the current vale of a home in this market. This is also helpful information for people trying to sell.
How can I lower my property taxes? There is buzz all over town about lowering our property taxes and the good thing is, is you CAN! All it takes is filling out one form with the current value of your home compared to the "higher" price you purchased it for along with some handy recent comparable sales that you get from your Realtor. This package is turned in to your county recorders office and put to review. This could save you hundreds of dollars per year!
My last day as a director at the San Bruno Chamber of Commerce was last week and it was a bitter sweet occasion. I have been an active (and still will be) member for 10 years, on the board as a director for 7 0r 8, and I was the president in 2003/ 2004. Gosh! It was such an honor to be a part of all that! I got to hang with all of the department heads including the mayor, city council, police and fire departments, school leaders, oh MAN! What a blast it was! Well, my kids are getting a little older and my term is finally over. I guess it's good in a way because now I can focus on the PTA, little leagues, and all that other kid stuff! Oh! I'm still selling real estate, too, by the way! "It's a long way to the top, if ya wanna rock n roll!"
If you are a full time real estate agent in the Bay Area, you may relate to some of what I am saying. It may not work for all "necks of the wood" but I have some strategies that really work. I know from experience. I had a lousy 2006 and 2007 in real estate sales...the worst ever even! Then 2008 came along and to my surprise, it started AND ended with a BANG!
The best thing I never stopped doing was prospecting. I took to heart a simple lesson that was bestowed upon us by our training broker, Michael Monozon, to prospect 2 hours a day, 5 days a week. The other lesson I used was Dirk Zeller's 5 x 5 rule which is 5 past client calls, 5 circle calls, 5 lead follow ups, 5 new contact calls, and 5 thank you or nice to meet you cards. I spent the rest of the time doing floor time, open houses, mall shifts, and learning about internet marketing including social networking!
Here is my simple business plan:
Monday- Friday
10:00 5 past client calls
10:30 5 circle calls
11:00 5 lead follow up calls
11:30 5 new contact calls (to farm and open house invites)
12:00 LUNCH!
1-3:00 Prepare my farming flyers for the month. These also go out every other month to absentee owners on the 1st. Prepare past client and circle newsletters which go out every other month on the 1st. Prepare property showings.
3:00 Farm 100 homes on Tuesdays and Thursdays, that's 200 per week!
Do 2 mall shifts per week 3-6 or 6-9 Monday- Saturday
Do 1 floor shift per week, no Sundays because I like to do open houses OR take it OFF as long as I do one open house per month.
That is how I do it! I made a comfortable living in 2008 by selling an average or 1-2 houses per month. I'm back on track and it's a great feeling! I hope that I can help someone who loves working in real estate like I do. It's not very hard but takes ambition, enthusiasm, and I know this is the corniest of corny "the power of positive thinking"!
Some have asked me, "Do you ever take time off? How do you make time for your kids or YOURSELF?" The answer is easy! I follow this plan and I get off work at 4:30-5:00 every day! I spend each and every night cooking a lovely dinner and enjoying it with my family. Not only that but we converse about the day around a large table and face a huge window which allows us to also enjoy beautiful sunsets together! I take a weekend a month off to go to Reno, San Francisco, birthday parties and other fun stuff that come up!
It was a great year in real estate for most of us who seriously work "full time". I am "positive" that 2009 will be even better!
This 3 bedroom, 2 bath home is listed for $259,900! This is the best opportunity we have seen in years for a home of this size! It's got large bedrooms, a large living room, and a nice yard. The kicker is, it's a little run down and it's across the street from the train tracks but imagine the possibilites! It's a great deal and could be fixed up quite nice and maybe even improve the look of the entire block! Gosh! That would be great if someone could do that! There is a 1 bedroom, 1 bath duplex on the same street for $380,000. Not bad, huh?
If you are not familiar with San Bruno, Ca., these prices have not been heard of since 2002 or maybe even before! There are some really great opportunities out there right now. It's just unbelievable!
I wrote something like this before but it's been awhile! I am partial to San Bruno because I live here and my office is here as well, Prudential California Realty, San Bruno. My kids go to school within walking distance from our house, my office is only 8 blocks away, the corner store is 4 blocks away, and if we need to go San Francisco, it's only 10 minutes away! So that would be the number one reason to buy a house in San Bruno because a home near San Francisco is desirable because a lot of people work there and don't want a long commute, so....
1. San Bruno is only 10 minutes away from San Francisco
2. San Bruno has beautiful weather 60's and sunny most of the year!
3. San Bruno has affordable home prices. Right now the lowest priced home is $245,000! They have offers on the table already, of course.
4. San Bruno has all kinds of tasty restaraunts along El Camino Real, San Mateo Ave. and at the Shops at Tanforan. Some of my favorites are Don Pico's, La Paloma, Amma's Curry House, Hon Lin, BJ's, Sushi House, West Coast Cafe and the list goes on!
5. San Bruno has the Shops at Tanforan, the greatest shopping mall with Target and JC Penny, my two favorites!
6. San Bruno has an awesome school district with awesome teachers, staff, PTA's, art and music programs, sports, after school care and more!
7. San Bruno has 2 of the largest parks on the peninsula, San Bruno City Park and San Bruno County Park. The City Park has a pool, 3 baseball diamonds, tennis courts, rec center with 100's of different classes, playground, jogging trail, picnic tables, and different events going on all the time! The County Park is run by the state and is great for hiking!
8. San Bruno has the San Francisco Airport! We are so close, you'll never have to worry about being stuck in traffic if you're running late to catch your plane!
9. San Bruno is walking or bus distance to all conveniences, shopping, restaraunts, library, City Hall, movies and schools.
10. San Bruno has a really great mayor, city council, chamber of commerce, services, and support for all.
Starts this Friday, Sept. 12 at 7:30 pm. We're going to watch Grease!!!!!! Throughout Sept. on certain Fridays there will be a showing of ET and the Wizard of OZ. This is all taking place on a big screen at San Bruno Park. How FUN!!!!
I am so excited about this video! Please watch and comment! San Bruno Cable is the company that interviewd me and they are going to air this in my town throughout the month of September. Thank you, San Bruno Cable!
Discussions about Bay Area real estate, in particular. Bay Area homes for sale. Market changes and solutions. San Bruno homes for sale. San Bruno real estate.
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