I would like to share you December 2007 sales data for San Mateo County (courtesy of Ann Palermo from Old Republic Title). While the volume of sold houses is only 50% of the volume year ago, you might be surprised to find out that in most of the San Mateo County sale prices in December 2007 were higher or even much higher than in December 2006 (Belmont, San Carlos, Burlingame, Millbrae, Menlo Park and Redwood City).

County/City/Area

# Sold

Dec. 2007

Dec. 2006

% Change
Yr-to-Yr

San Mateo County

320

$735,000

$745,500

-1.41%

BELMONT

17

$1,005,000

$800,000

25.63%

BURLINGAME

31

$1,590,000

$1,325,000

20.00%

DALY CITY

39

$583,000

$722,500

-19.31%

HALF MOON BAY

9

$840,000

$899,000

-6.56%

MENLO PARK

16

$772,500

$644,000

19.95%

MILLBRAE

8

$956,500

$934,750

2.33%

MOSS BEACH

3

$833,000

n/a

n/a

PACIFICA

12

$625,000

$655,000

-4.58%

REDWOOD CITY

43

$837,500

$755,000

10.93%

SAN BRUNO

18

$627,500

$698,000

-10.10%

SAN CARLOS

17

$1,035,000

$845,000

22.49%

SAN MATEO

69

$735,000

$739,500

-0.61%

SOUTH SAN FRANCISCO

27

$567,000

$730,000

-22.33%

Additionally, please take a notice that the 30 y fixed loans for the amounts up to $417k is as low as 4.875% at the present time. The limit might bes soon increased to $729,500 (however, just for one year). So, watch the news as it might be a good time, either to buy, or refinance.
 

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Artur Urbanski

Burlingame, CA

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Cimpler Real Estate, Inc.

Address: 533 Airport Blvd., 4th Fl., Burlingame, CA, 94010

Office Phone: (650) 401-2245

Cell Phone: (415) 672-5051

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