Bay Area Peninsula Real Estate Market Report – 2nd Quarter 2023

[Ken and Ari Walker]

Bay Area Peninsula Real Estate Market –

2nd Quarter 2023

 

Once again, the real estate market on the Peninsula saw ups and downs. The good news (or bad news depending on your perspective) is that this month saw more ups than downs for the average sales price paid by home buyers versus the asking price.

 

Menlo Park:

$3,537,875
Down 1% from asking 25 days on the market

San Carlos:

$2,341,714
Up 4% from asking 17 days on the market

Foster City:

$2,347,500
Up 4% from asking 36 days on the market

San Mateo:

$2,019,863
Up 1% from asking 36 days on the market

 

Belmont:

$2,395,000
Up 2% from asking 24 days on the market

Burlingame:

$3,450,820
Up 1% from asking 32 days on the market

 

If you are looking to buy a house in California and would like to create a stronger purchase offer – to beat out multiple offers – consider the fast Private Money options.   These can offer 10 day closes or less!  And Private Money, also known as Hard Money or Alternative financing, is more forgiving on its qualifications so any possible issues with property condition won’t be an issue with this type of financing.  Could be that step up you’ve been looking for to buy in this market! Visit our website at www.sunpacificmortgage.com or call today [phone].

 

Click here to learn more about our company.

 

Best, Ari – The Guys in the White Hats
Hard Money Lead Loan Originator at Family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988!  707-523-2099   www.Sunpacificmortgage.com
CA DRE License #01858152 and NMLS #2170867

 
Note:  Get our financing despite bad credit, difficult to prove income, property a fixer, etc.!  We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases and commercial.

The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.