How's the real estate market doing on the Peninsula and Silicon Valley?

How's the real estate market doing on the Peninsula and in Silicon Valley?

That's a common question, and people really want to know. The word is finally getting out that real estate really IS local.

As you can see from the charts below, single-family homes are selling, the average days on market are not long, and they sell quite close to the asking price.

3rd qtr 2011 stats-Silicon Valley & San Mateo Co3rd qtr 2010 stats-Silicon Valley & San Mateo Co
 

The Silicon Valley cities of Palo Alto, Mountain View, Sunnyvale and Cupertino are especially strong - high tech is growing. Things are a bit slower in the San Mateo County cities of Belmont, San Carlos, Redwood City and Menlo Park, but very respectable nonetheless.

If you'd like to know more, or interested in the condo/townhouse market, drop me a note.

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Today | Sotheby's International Realty

San Carlos, California, 94070

CA BRE#01215160; 650-465-4547

Lottie@LottieKendall.com;

www.LottieKendall.com

www.SFCondosForMe.com

 

 

Comment balloon 6 commentsLottie Kendall • October 24 2011 11:18PM

Comments

If I'm reading the charts correctly Palo Alto, Mountain View, Sunnyvale and Cupertino are getting full or above asking price in 33 days or less (on average)... sweet. The local real estate community must be very happy. Continued success.

 

Posted by Nancy Laswick, Your REALTOR® For The Valley Of The Sun (United Real Estate) almost 6 years ago

The market is where the jobs are.  Your area has the best paying jobs from almost anywhere in the country with a much better quality of life as well.  Thanks for the good news.

Posted by Doug Bullwinkel, NMLS #281609 (Academy Mortgage Group) almost 6 years ago

Hi Nancy - you're right--Silicon Valley real estate is in high demand; there's 'boomlet' in high tech which helps the housing market considerably. The San Mateo County cities shown (midway between San Francisco and San Jose) are doing fine, too. Thanks for stopping by, and for your good wishes.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 6 years ago

Doug, you're absolutely right. The Silicon Valley is adding jobs, and San Francisco isn't too far behind. That, plus the fact that there's little buildable land on the Peninsula helps keep our housing in demand.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 6 years ago

This is great news. Thanks for sharing the news.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 6 years ago

Hi Gita - employment is up, high tech is strong, financial markets in San Francisco doing well - our real estate is holding it's own. I love sharing this news!

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) almost 6 years ago

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