inventory: FAQ: "There's no inventory out there. Any insights?
- 03/26/19 08:56 PM
One of the most frustrating situations we deal with day in and day out in our high-cost area is lack of inventory. The question from a client, "there's no inventory out there. Any insights?" is one I hear quite often. My response to this client went something like this: Our low inventory certainly is a problem. You've seen the result--small homes needing a lot of updating/remodeling selling very high and very quickly, usually in a mater of days. One example: a house in one of our Peninsula towns closed last week. Listed at $1,399,000, it sold for $1,610,000 in 8 days, with 14 … (55 comments)
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inventory: Looking for a 3-bedroom home in Belmont, San Carlos CA
- 03/06/19 02:37 PM
Even though it seems that inventory has increased, it remains hard to find a home to purchase in Belmont or San Carlos California.
On our MLS today, Belmont has 20 active listings, 12 single family homes and 8 townhouses/condos. San Carlos has 23, 17 single family homes and 6 townhouses/condos.
I have a buyer actively looking for a 3 bedroom home in Belmont, or in the San Carlos area serviced by Carlmont High School where her children currently attend.
Of the listing mentioned above:
Belmont has a total of 6 properties, 3 single family homes and 3 townhouses. Asking prices range from $1,295,000 to … (7 comments)
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inventory: What's the real estate market like in the 94002 (Belmont)?
- 01/11/19 06:58 PM
Let's take a look and see what's happening in real estate in the 94002 -- Belmont, California, in early January, 2019:
10 - active listings for sale - single family, townhouses and condos 7 - active listings of single family homes, ranging in price from $998,000 to $3,400,000 $1,888,000 - median list price of the single family homes 3 - active listings of condos/townhouses $ 798,000 - median list price of the condos/townhouses 2 - number of new listings since 1/1/19 Not much inventory for a city of approximately 27,200 people! If patterns from past years hold true, by … (13 comments)
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inventory: Inventory this morning in San Carlos
- 04/01/09 01:06 AM
There are 70 active listings for single-family homes in San Carlos, CA this morning. 25 homes have pending sales, an absorption rate of approximately 3 months.
Condominiums and townhouses tell a different story, however, with 28 active listings and only 5 pending sales.
There are tremendous opportunities today for investors, first-time buyers, parents wishing to help children get established, children wishing to help parents downsize, etc.
Who do you know who could benefit in today's market?
… (4 comments)
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One of the most frustrating situations we deal with day in and day out in our high-cost area is lack of inventory. The question from a client, "there's no inventory out there. Any insights?" is one I hear quite often. My response to this client went something like this: Our low inventory certainly is a problem. You've seen the result--small homes needing a lot of updating/remodeling selling very high and very quickly, usually in a mater of days. One example: a house in one of our Peninsula towns closed last week. Listed at $1,399,000, it sold for $1,610,000 in 8 days, with 14 … (55 comments)
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