san mateo county: San Mateo, Santa Clara counties-what's the market like? - 06/18/19 08:33 PM
We've been sensing a change in the real estate markets in many of our local towns in San Mateo and Santa Clara Counties, the counties south of San Francisco that make up the Silicon Valley. Not every property listed gets multiple offers; not every property sees sale prices far exceeding list prices, although both of those occur regularly.
We all have anecdotal stories, but let's take a look at the data from our Multiple Listing Service.
This first chart shows closed sales of single family homes in San Mateo County for 2016, 2017, 2018 and 2019 to date.
Next, we'll take a look at a … (5 comments)

san mateo county: 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)

san mateo county: Inter-county migration in the San Francisco Bay Area - 02/27/19 07:54 PM
The analysts at Compass continue to compile interesting statistics regarding housing in the San Francisco Bay Area. The more I know and the better I understand trends, the better able I am to be a resource and help to my clients.
The figures below show recent inter-county migration trends based in the U.S. census "Flows Mapper" covering the period 2012-2016. I've included the 3 areas in which I work, San Francisco, San Mateo County and Santa Clara County. 
Based on my experience and knowledge of where my own clients go and come from, I am not surprised. Much of the outflow to Alameda and Contra Costa … (15 comments)

san mateo county: Housing Affordability in CA's Most Expensive Counties - 02/20/19 08:13 PM
Twenty-eight percent of California households could afford the median-priced home in the fourth quarter of 2018, down slightly from the same time in 2017.
However, California's four million-dollar housing markets--San Mateo, San Francisco, Marin and Santa Clara Counties all saw affordability improve year over year.
 
(interior of a house in San Mateo County)
All four California counties where it takes seven figures to buy a home can be found in the Bay Area, and they were all among the 10 in the state that saw housing affordability increase from the fourth quarter of 2017.
The California Association of Realtors’ latest Housing Affordability Index says that 28 … (8 comments)

san mateo county: Luxury Home Market, San Mateo County & Silicon Valley - 02/07/19 06:31 PM
Patrick Carlisle, Compass' Chief Market Analyst for the San Francisco Bay Area digs deep into market stats to enable us help you understand our local real estate market better than from just reading headlines about nationwide trends.
One of his reports that caught my eye today was his Luxury Home Market Report for San Mateo County and the Silicon Valley.
You can read the entire report here. It's interesting to see which local cities had sales over $3,000,000, which is the defining luxury home market price here. Los Altos Hills lead the way; San Carlos has 2 reported. I know of at least one $3,000,000 … (8 comments)

san mateo county: Market Trends on the San Francisco Peninsula - 01/20/18 09:21 AM
"If we buy this place for 900k now, How much do you think we should be able to sell it for in say 2019, or 2020?I understand the future is uncertain, just asking for your estimate." Questions of this type often are asked by buyers In our high-cost area. They are, naturally, a bit shell-shocked by prices and concerned about the future. Not only does appreciation vary from town to town, it varies between single family homes and condos/townhouses. It varies in different price points. To give this particular buyer some idea of what he might expect, based on the past since we can't … (11 comments)

san mateo county: Edgewood County Park-peace for a worrisome week - 09/08/17 01:17 PM
Today is Friday and I'm finding my mind is racing in circles. Lots of real estate tasks yet to do this week; documents and disclosures to scan and upload; emails to send; bills to pay and accounts to update; work-related blog posts to write.
I'm showing delightful buyers of mine a house tonight in Belmont (my gut tells me this is the house they will buy -- keep those thoughts flowing!) so am taking a bit of time now to relax.
This is a week when many of us need a respite from worry - so many wild fires, floods, hurricanes, big earthquake last … (3 comments)

san mateo county: Real Estate Report - Silicon Valley and San Mateo County - 01/26/17 03:34 PM
As we near the end of January, there's not much more inventory in San Mateo County and the Silicon Valley than there was at the lowest point of the year, right before the December holidays.
Take a look at the chart for examples of active inventory in various towns as of 1/19/17:
I've been out on several pre-listing appointments this week, and finding comparable sales has been a struggle; in most cases I need to go back at least 6 months in order to get just 4 or 5 comps.
Take a look at San Carlos, for example. This is a city with a … (12 comments)

san mateo county: What to do while waiting for the storm to come - 01/08/17 08:50 PM
(Redwood City, as seen from Edgewood County Park. Photo credit: Grace)
Beginning last Friday, the "storm of the decade" was expected to hit the San Francisco Bay Area. So what does one do while waiting for the storm that hasn't yet arrived? If you live and work in San Mateo County, heading to ones favorite County Park or Open Space Preserve might be the answer.
That's what my granddaughter, husband and I did Friday afternoon - hiked the somewhat muddy trails at Edgewood County Park. 
She took some great photos (like the 2 here) and had great patience and fun with watching the busy little guy in … (10 comments)

san mateo county: Bracing for the storm.... - 01/07/17 11:26 AM
Northern California is finally getting rain, lots of rain, much needed rain, welcome rain. 
(photo credit: Grace K. Afternoon sky above Edgewood County Park)
We're also getting big storm warnings. Yosemite Valley has been closed to all visitors this weekend as the Merced River is expected to flood. Communities in and near San Francisco are distributing sand bags to residents in efforts to keep water out of stores and homes. The pier in Pacifica is closed; coastal bluffs are being watched carefully for signs of collapse.
While intermittent light rain has fallen in San Francisco during the night and morning hours, the wind has … (15 comments)

san mateo county: "Help! My daughter has been given notice to vacate" - 09/03/16 01:24 AM
'Please help! My daughter has been in her apartment for [many, many] years, and now the owner plans to sell and has given notice to vacate to all the tenants. She can't find a rental that she can afford.'
From time to time I'll get a call like this, which is heart wrenching. Our area is a high cost area, with high rental prices and low vacancy rates. My response:
"Thank you for calling me yesterday, xxxxxx. I appreciate the trust you have put in me. 
I have done a search on available rental listings, and as I suspected, there is nothing close to … (27 comments)

san mateo county: Are we starting to see a market shift? - 06/22/16 03:19 AM
The residential real estate market in San Mateo County and the Silicon Valley has been strongly favoring sellers since 2012-2013.
Since then prices have risen dramatically, multiple offers have been the norm on almost every listing (except the extreme high end), and buyers outnumber available homes by a wide margin.
This last month, however, I've been wondering if a shift has begun, or is the market just taking a breath as summer arrives?
It's too early to tell, but these are some interesting numbers for single family homes that I pulled for my newsletter readers.
Notice how inventory in every city has grown since … (19 comments)

san mateo county: "Hi Lottie - This place is great" - 06/07/16 07:56 AM
This is what makes the long hours, the writing of numerous offers, the helping buyers deal with the disappointment of offers that were not accepted all worthwhile:
"Hi, Lottie,
The place is great!  I am now happy about losing those first offers, because thisplace is really perfect for me. I still have a lot of unpacking, decorating, arranging etc.to do, but there is no deadline. Everything works, I am OK with the commute, andI even like the wall colors.  :-)  And the walks or bike rides that I can take from my front door are going to be fantastic.  I've only met a … (16 comments)

san mateo county: Can Buyers in a Sellers' Market Succeed? - 06/04/16 10:48 AM
Can buyers succeed in a market that strongly favors sellers?
Here's a tale of 3 of my recent buyers and how they are faring in today’s market which continues to favor sellers.
(Happy buyers, Belmont, 2015)
 
 Buyer #1 – Success! Closed escrow in April 2016
       Bought a condo in Redwood Shores – made 3 offers before one was accepted        List Price: $699,000        Days on market: 7        Multiple offers   Every contingency waived, including appraisal & financing
       Gave seller approximately 6 week free rent back        Sold for almost 17.5% over asking  
Buyer #2 – Success! Pending sale, set … (10 comments)

san mateo county: Alice's Restaurant, a landmark in San Mateo County - 04/24/16 01:26 AM
Alice's Restaurant is a landmark in San Mateo County.
Located at the junction of Highway 35 (Skyline Boulevard) and Highway 84 (Woodside-La Honda Road) at the area known as Sky Londa, Alice's Restaurant is the iconic spot for motorcyclists, intrepid bicyclists, hikers, road-trippers and neighbors to meet and greet while enjoying the food and casual ambiance.
Set in a clearing with towering Coast Redwoods nearby, it's a scenic, fun destination after a day's outdoor adventure. For pictures of Alice's Restaurant, check out the web site
The picture below gives a feel for a bit of Sky Londa's mountainous beauty, and that it is, … (23 comments)

san mateo county: Springtime at Russian Ridge Open Space Preserve - 04/24/16 01:11 AM
Living in San Francisco, San Mateo County and the Silicon Valley provides many opportunities to enjoy the outdoors - all year around. Whether you like to hike, bike, walk, run, or ride a horse--you'll find it all here.
Yesterday afternoon I enjoyed a good hike on some of my favorite trails at Russian Ridge Open Space Preserve in San Mateo County.
Starting at Skyline Boulevard, we went up flower-bedecked trails to the top of Borel Hill, then long the Ancient Oaks Trail (a favorite of many) and then down the canyon to the newly open trail to the top of Mindego Hill … (6 comments)

san mateo county: Rent Control - a hot issue in San Mateo County, CA - 02/23/16 09:31 AM
Rent Control
Rent Control -- even the words raise blood pressure and send chills down the spines of many.
Rental prices have soared in recent years - not only in San Francisco which now has the highest residential rental prices in the country, surpassing even New York City - but also in the Silicon Valley and San Mateo County. The demand for housing grows as more people move into the area, and supply doesn't keep up.
As a result, rent control has become a bigger issue than ever before, pitting neighbor against neighbor. Rent control can involve more than a cap on rents … (14 comments)

san mateo county: Free Seminar - Stopping Scams on Seniors - 02/08/16 11:53 AM
Statistics tell us that one in five seniors has been a victim of fraud, and that seniors are the most targeted group. New scams surface constantly.
So, what can you do to help yourself, a family member or a friend? Seniors, their families and caregivers are welcome to attend a FREE seminar.
When: Friday, February 19, 2016, 9:00-11:00 AM
Where: Veterans Memorial Senior Center, 1455 Madison Avenue, Redwood City, CA 94061
For additional information, or to register for this FREE event, call 650-349-2200 or click this direct link,
(Seminar presented in partnership with Assembly Speaker pro Tem, Kevin Mullin, and the Contractors State License Board.
 
(13 comments)

san mateo county: (Almost) Wordless Wednesday -Signs of Spring - 01/27/16 06:23 AM
 
Here we are, close to the end of January, and signs of spring are cropping up everywhere, like this field of blooming mustard along the San Mateo County coast that I enjoyed driving past last Sunday.
And the soft green hillsides covered with new grasses after our longed-for rains, with Douglas Iris starting their bloom
 
 
 
 
 
 
 
 
 And meadows at Sam MacDonald County Park, providing fresh greens for deer to graze.
(12 comments)

san mateo county: The SF Bay Area doesn't have seasons.....or does it? - 09/14/15 02:31 AM
Mixed in with the drop-dead gorgeous beauty of the San Francisco Bay Area, there's a subtlety to this part of California.
San Francisco and San Mateo counties have moderate temperatures due to the influence of the adjacent Pacific Ocean which keeps us cooler in summer and warmer in winter than the inland counties of California. This allows us to get outdoors and play year round. However, sometime I hear people say, "I miss the changing seasons" and I hear a yearning in their voices.
We do have changing seasons here, more subtle perhaps, but lovely. You feel it in the air; … (9 comments)

 


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