Real Estate Report - Silicon Valley and San Mateo County

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:

real estate inventory in some Peninsula towns

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 population around 28,000 and virtually no inventory. Belmont, population around 25,000, shows almost the same. The City of San Mateo with its 97,000 population has more, as do Pacifica and Santa Clara, with populations of roughly 28,000 and 116,000 respectively.

Hopefully the situation will improve a bit in the next few weeks. We have a booming economy and well-qualified buyers are anxiously waiting in the wings, ready to get settled in a home of their own.

For more detailed information about your particular Silicon Valley or San Mateo County property, feel free to contact me. There's no charge and no obligation.

 

--- 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 12 commentsLottie Kendall • January 26 2017 11:34PM

Comments

That is a different approach to the common market report. I like it Lottie Kendall 

Posted by Paul S. Henderson, CRS, REALTOR®,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.) 10 months ago

You always provide good information about your housing market. Home buyers and sellers in your area should call you.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) 10 months ago

Thank you for taking the time to share this information.  This is exactly what buyers and sellers need to make informed market decisions!

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) 10 months ago

Hello Paul S. Henderson, REALTOR®, Broker, Tacoma Washington - thanks for your comments about the format of this report. I try getting the info out in a variety of styles - what helps one person has to be presented differently for another.

 

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) 10 months ago

Happy Saturday Gita Bantwal - I'm glad you found this information of interest. I hope buyers and sellers in my area do, too.

 

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) 10 months ago

Hello Jim Crawford - glad you found the market information of interest. 

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) 10 months ago

Business sounds good in your area, good luck with those listings.

Posted by Steven Nickens, R(S)GRI ABR, Maui Real Estate Hawaii (Elite Pacific Properties Maui) 10 months ago

Hi Steven Nickens - housing is in high demand here; inventory is lagging. I will be bringing a great house on the market, but not for another couple of months. Poor buyers.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) 10 months ago

Lottie good luck with your new listing.  Inventory is a bit of a problem on Maui also.

Posted by Steven Nickens, R(S)GRI ABR, Maui Real Estate Hawaii (Elite Pacific Properties Maui) 10 months ago

Is this high tourist season still, Steven Nickens ? Do you make connections now for when inventory improves?

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) 10 months ago

Lottie, our high season starts Christmas and runs till the mainland starts to warm up. As far as inventory, listing that are priced right will be experiencing in some cases multiple offers.

Posted by Steven Nickens, R(S)GRI ABR, Maui Real Estate Hawaii (Elite Pacific Properties Maui) 10 months ago

Nice chart Lottie! The way I'm interpreting it, Santa Clara is taking a shift for the better with new blood moving into the area! What a clever idea on this chart. I like it!

Have a wonderful day and I hope it's sunny and bright!

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) 10 months ago

Participate