Coldwell Banker

650-533-0998

[email protected]

181 Second Avenue, #100

San Mateo

CA

USA

94401

image description

Sale Prices - Belmont, San Carlos ...

Someone mentioned why didn't I include statistics for San Mateo and San Carlos too? So here they are. Look at the number of sales. Twenty-0ne for Belmont, 29 for San Carlos and 60 for San Mateo. On average, the sales price is about $100,000 more than the asking price. Amazing.

This is what happens when we have more demand than we have supply. Still a seller's market, but not everyone has the same results... (FYI pending means the seller has received and accepted an offer but they have not yet transferred ownership in escrow, i.e. it's still in process.)

Status: Sold (October '14) (21) Belmont
    List Price DOM Sale Price Beds Baths Yr Built SqFt Lot Size Price/Sqft
Min $838,000 6 $900,000 2 1 1929 920 4,500 $433
Max $1,866,000 74 $2,019,000 5 4 2008 3,080 36,800 $1,048
Avg $1,232,429 18 $1,320,833 3 3 1964 1,977 9,175 $707
       
In Belmont, 19 homes were introduced to the market in October, of those, three are still available, 3 sold, 12 are pending and one was canceled.

Status: Sold (October '14) (29) San Carlos
    List Price DOM Sale Price Beds Baths Yr Built SqFt Lot Size Price/Sqft
Min $745,000 0 $740,000 2 1 1939 814 2,500 $478
Max $2,250,000 98 $2,013,000 5 3 2012 3,340 20,560 $1,080
Avg $1,374,980 17 $1,429,246 3 2 1962 1,871 8,083 $810
       
In San Carlos, 23 homes were introduced to the market in October, of those, 10 are active, 4 sold, 8 are pending and one canceled.

Status: Sold (October '14) (60) San Mateo
    List Price DOM Sale Price Beds Baths Yr Built SqFt Lot Size Price/Sqft
Min $508,000 4 $570,000 2 1 1906 820 2,750 $316
Max $4,195,000 105 $4,350,000 7 6 2000 5,360 21,344 $1,079
Avg $1,158,680 20 $1,253,167 3 2 1950 1,851 6,884 $692
         
In San Mateo, 65 homes were introduced to the market, of those, 24 are still available, 5 sold, 35 are pending and one was rented out.

There is a lag time between the time a home is introduced to when it sells. There needs to be time for potential buyers to view it, decide if it is what they want, read the disclosures, make an offer and have it accepted. That time frame is expressed in DOM (days on market). Then there is another time frame and that is from the time the contract is signed until it closes escrow (sells). That time frame is usually about 30 days if there is a loan and a week if there isn't.

Call me with your questions. I'd love to hear from you!


image description
Jeannine Gerkman
Jeannine Gerkman