Real Estate Market Results for San Francisco Peninsula Areas – September 2020

Oct 20, 2020  california, investing

While there was some slight fluctuation in sales pricing from August to September, asking and sales price were very much in line.  Below is a summary of 6 cities from the Peninsula, that represent the state of the real estate market in these San Francisco bay areas:

Menlo Park:

Average days on market- 28

Average sales price- $3,241,029 (down $354,912 from August)

List and sales price the same

Foster City:

Average days on market- 24

Average sales price- $1,905,324 (down $162,036 from August)

Sales price 1% above asking price

Belmont:

Average days on market- 19

Average sales price- $1,981,259 (up 4% from August)

Sales price 4% above asking price

San Carlos:

Average days on market- 17

Average sales price- $2,182,043 (down $54,704 from August)

Sales price 4% above asking price

San Mateo:

Average days on market- 20

Average sales price- $1,781,586 (down $90,215 from August)

Sales price 3% above asking price

Burlingame:

Average days on market- 25

Average sales price- $2,909,842 (down $161,331 from August)

Sales price same as asking price

In reviewing these findings, we see that the shortage of homes for sales has resulted in a faster turn-around for listings.  While there has been some adjustment of pricing, over all the market has remained robust and indeed, even competitive.

So if you’ve considered selling in these areas, this is the time to reach out and find a local, qualified Realtor who can help walk you through the selling process smoothly. And if you are looking for alternative financing or a Hard Money loan to finance a future purchase, give Sun Pacific Mortgage & Real Estate a call at (707) 523-2099 for a free consultation.

Click here to learn about our company!


Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099   www.sunpacificmortgage.com
CA DRE license #010005559 and NMLS #289456 
 

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.

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