mid peninsula real estate: Real Estate Gems in San Francisco Mid Peninsula: Menlo Park Update - 04/14/09 04:36 AM
Today's blog takes a look at listing activity in Menlo Park as reported by our Multiple Listing Service.  As of today, there are 123 active class one listings (single family residences) in Menlo Park.  Our MLS reports 45 pending sales in the class  one category(single family residences).  The pending sales range in list price from $4,495,000 to $229.000.  As the data indicates, buyers have choices and our Menlo Park market remains active.  The San Francsico Mid Peninsula remains a beautiful place to live and our spring market is offering buyers attractive pricing, competitive interest rates and in many cases attractive credits … (0 comments)

mid peninsula real estate: Real Estate Gems in SF Mid Peninsula: Monday Morning Notes - 04/06/09 05:14 AM
Open houses continue to draw strong interest as our Spring market combined with beautiful weather and plentiful inventory makes for active buying conditions in the San Francisco Mid Peninsula Market.
This week I received the following email regarding pending home sales and first time home buyers credits:

"As I was reading through the headlines and news updates over this past week, I was amazed that it wasn't properly pointed out that when the existing home sales were released on March 23 (up another 5.1%), that right there in black and white, the median and average price of existing homes … (0 comments)

mid peninsula real estate: Real Estate Gems in SF Mid Peninsula: Redwood City Update - 04/02/09 05:56 AM
Today's blog looks at pending sales data in Redwood City as recorded by Multiple Listing Service Data. As of April 1 there were 68 pending sales in Redwood City.  Currently there are 159 active listings.  There have been several  pending sales reported  in the two million dollar plus range (list price).  Bank owned properties appear to be genrating activity  as 29 of these pending sales are reported as being REO properties.
The bottom line:  Historically low interest rates, attractive pricing, and a first time buyers credit appear to be generating increased  activity in our local  San Francisco Mid Peninsula real estate market.   
 
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mid peninsula real estate: Real Estate Gems in SF Mid Peninsula: Palo Alto Update - 03/31/09 06:48 AM
Today's blog looks at listing activity in Palo Alto as recorded by Multiple Listing Service data.  Over the past four weeks 29 listings have been reported as pending.  These "pending sales" range in price from $4,098,000 to $875,000 with a median price of $1,249,000.   Currently there are 135 active listings in Palo Alto.  Opportunity is definitely knocking for the savvy buyer. 
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mid peninsula real estate: Real Estate Gems in SF Mid Peninsula: San Carlos Listing Update - 03/20/09 08:28 AM
Todays blog looks at current active listings in San Carlos listed under one million dollars.  For those first time San Carlos buyers wondering about  their choices  in this market, a search of the Multiple Listing Service Data as of todays date indicates 34 listings priced under one million dollars.
The 34 listings range in list price from $465,000 to $995,000.  The average list price for this group  as of today is $789,029 situated on a 6158 sq foot lot(average) with a 1444 sq foot home(average).  As always it is important to remember averages are just that: averages. 

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mid peninsula real estate: Real Estate Gems in SF Mid Peninsula: To Buy or Not to Buy (Part 2) - 03/19/09 04:04 AM
Today's San Jose Mercury News front page headline read: Push for lower mortgage rates.  The article went on to discuss  how the Federal Reserve has infused more than a trillion dollars in the credit markets. Combine  this with the recent first time buyers credit passed as part of the federal economic stimulus plan and this may translate into one of the best buyers markets in recent years. 
If you have been sitting on the fence wondering whether or not this is the time to buy , attractive interest rates and increased liquidity in the credit markets should  have a strong impact on … (0 comments)

mid peninsula real estate: Real Estate Gems in Mid Peninsula: To Buy Or Not To Buy? - 03/01/09 07:57 AM
I have recently received many questions from buyers regarding the subject of "hitting bottom" in terms of local real estate prices. I thought this would be a timely moment to share some recent market observations made by Rick Turley, President, San Francisco/Peninsula/North Bay  Coldwell Banker Residential Brokerage, in his March first market comments:
  
  
"It May Be Time to Get Off the Fence!
 
With the Economic Stimulus Package and the Foreclosure Prevention Plan underway, many Americans are anxious to move forward, realizing that there will still be weeks and months of discussion and fine-tuning before all elements will be … (0 comments)

mid peninsula real estate: Real Estate Gems In Mid Peninsula: Market Update - 02/05/09 06:45 AM
Todays blog looks at pending sales data in Palo Alto,Menlo Park,Redwood City and San Carlos.  This data is based on sales recorded in  the Multiple Listing Service showing "pending status" within the past four weeks for single family homes.
The past four weeks have been very active with many buyers moving forward on properties that reflect value in a market that is driven by limited land.
Palo Alto data indicates 19 pending sales with an average list price of $1,482,395. The average days on market  data indicates 61 days.
Menlo Park data indicates 30 pending sales with an average list price … (0 comments)

mid peninsula real estate: Real Estate Gems in Mid Peninsula: Allied Arts and Willows Update(Menlo Park) - 01/27/09 08:38 AM
Today's blog takes a look at average sales price data  for both the Allied Arts/Downtown area of Menlo Park and the Willows/O'connor area of Menlo Park.  This data is pulled from Multiple Listing sales data and does not reflect any sales that may not have been reported to the MLS. It is based on single family home sales.
The Willows/O'conner area had an average sales price of $1,278,000 in December 2007.  In December 2008, the average sales price was $1,118,000.  This data indicates a 13% adjustment  from December 2007 to December 2008.
The Allied Arts/Downtown area had an average sales price of … (0 comments)

mid peninsula real estate: Real Estate Gems in Mid Peninsula: Palo Alto and Menlo Park Update - 01/14/09 10:01 AM
Currently there are 65 active listings in Palo Alto.  The MLS data shows 15 pending sales. (Single Family Homes)
Currently there are 83 active listings in Menlo Park.  The MLS data shows 21 pending sales. (Single Family Homes.
For those buyers looking to purchase for under one million dollars, there are 30 active listings in Menlo Park listed under one million dollars(Single Family Homes).  Palo Alto has seven active listings listed under one million dollars(Single Family Homes).
 Want to learn more? Email me today for a more detailed review.
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mid peninsula real estate: Market Update: Allied Arts and The Willows(2) - 08/12/08 08:15 AM
Is the Real Estate Market Half Empty or Half Full?
 
Like all things in life, this depends upon one's perspective.  I thought it might be interesting to look at the data for the past twenty four months and compare Menlo Park City sales data overall with both the Allied Arts/Downtown Area and the Willows/Oconner Area. 
 
Here is what the data indicates per MLS data. 
 
Willows/Oconner Area.   Aug 2006 to July 2007   75 new listings for the period with an average sales price in July 2007 of $1,187,000.
From Aug 2007 to July 2008 there were 59 new listings … (0 comments)

mid peninsula real estate: Real Estate Gems in the Mid Peninsula Market (4): Mt. Carmel, Redwood City - 07/14/08 02:55 PM
 
If you are looking for distinctive architecture and tree lined streets the Mt. Carmel area of Redwood City may be the place for you.  Homes in this area can range from Spanish bungalows built in the 1920s to larger ranch style homes of the 1950s. Located north of Jefferson and west of El Camino this area offers an attractive alternative to Allied Arts or the Willows in Menlo Park.  Stafford Park located at Lowell and Hopkins is a popular park with the locals.  Currently there are seven active listings in the area with an average size of 1891 sq feet … (0 comments)

mid peninsula real estate: Real Estate Gems in Mid Peninsula Market (6): San Carlos Listing Activity Under $1,000,000 - 07/14/08 08:09 AM
A few weeks ago I posted a blog about listings priced under  $1,000,000 in San Carlos.  Having been on vacation for a week  I felt this was a  good time to take a look at San Carlos activity in this price range.  Currently there are 21 active listings priced under $1,000,000.  In addition, there  are currently 16 pending sales in this price range.  The average lot size for the pendings is 6562 sq feet with an average 1398 sq foot house.  Pending sales  have an average cumulative days on market of 34 days while the current active listings have an average of 70 … (0 comments)

mid peninsula real estate: Real Estate Gems in Mid Peninsula Market (5): San Carlos Listings Under $1,000,000 - 06/20/08 03:40 AM
Currently there are 28 active listings in San Carlos listed under $1,000,000.  Given the small town feel of San Carlos and  strong community involvement, this presents a solid  opportunity for buyers looking to purchase under the one million dollar threshold.  So what does a million dollars buy?  The average  values show 1288 sq feet on a 6179 lot at an average list price  of $665 a sq foot.(Per MLS Active  Data)  Averages are just that--only averages.  Nine of these listings are 1500 sq feet or larger.  If you have been sitting on the fence waiting for some strong buys, now may be just … (0 comments)

mid peninsula real estate: Real Estate Gems in the Mid Peninsula Market (3): Palomar Park/Redwood City - 06/14/08 06:00 AM
Tucked behind Clifford School in San Carlos is the small, unincorporated area of Palomar Park.  Approximately 250 homes make up this scenic gem which is only minutes away from 280 on the north side of Edgewood Road.  This rural  gem tucked away in Redwood City is convenient to both San Jose Airport and San Francisco Airport.  The area is marked by mature heritage oaks, winding roads and tranquility.  The voluntary Palomar Park Homeowners Association sponsors many community events.  "The Hill" as it is referred to by many residents has strong community involvement.
If you would like a market update on this … (0 comments)

mid peninsula real estate: Hidden Gems in the Mid Peninsula Market(2) : Johnson Park/Downtown Palo Alto - 06/13/08 08:16 AM
Downtown Palo Alto is a popular location for many buyers and renters seeking to be close to Stanford and University Avenue.  The  proximity to restaurants and shopping make it desirable for those who want to ride their bike or walk rather than drive.  The area is comprised of condos, multi family units and single family homes.  If you are walking in the neighborhood be sure and visit Johnson Park which is located between  Everett Ave and Kipling and Cowper Streets. The park features many shaded trees and a toddler playground. Homes range from vintage bungalows to modern new construction.  

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mid peninsula real estate: Market Update: Allied Arts and The Willows - 06/10/08 05:33 AM
Menlo Park is made up of several "micro markets" which tend to draw strong demand depending upon buyer preference.  Today's blog looks at recent market activity in both the Willows/O'connor Area  and Allied Arts/Downtown Menlo Park.
Average Sales Price:  In June 2007 average sales price data indicated a $1,516.000 average sales price for  Allied Arts/Downtown Menlo Park.   In May 2008 this average sales price figure was $1,476.000.  Currently this market has less than  one month's supply of inventory  at current sales rates. 
Average Sales Price:  In June 2007 average sales price data indicated a $1,271,000 average sales price for The … (0 comments)

 

Deirdre Sauvage

DRE:00847381

Menlo Park, CA

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Alain Pinel Realtors

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