S.F. Peninsula Real Estate Report for May 2023

[Ken and Ari Walker]

The housing market continues to surprise even the most knowledgeable experts. What was supposed to be a collapse of the market has turned out to be a thriving one, at least on the San Francisco Peninsula.

Looking at the data from last month, the sales price continues to outpace the list price and the average days a property stays on the market is unbelievably low.  Here’s a look at the average sales price and the average days the property stayed on the market:

Menlo Park: $3,598,962 3% above list 12 DOM

San Carlos: $2,463,000 5% above list 12 DOM

Foster City: $2,408,637 5% above list 11 DOM

San Mateo: $2,172,245 7% above list 10 DOM

Belmont: $2,299,655 3% above list 19 DOM

Burlingame: $2,994,550 1% above list 12 DOM

It appears that the housing market is still doing well in these cities by the bay!

If you are considering buying or refinancing your property on the Peninsula or anywhere else in California or Hawaii, give Sun Pacific Mortgage a call at 707-523-2099. We have been offering fast, private loans for 35+ years and have many happy clients and investors – and we’d be happy to help you too!

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.

[Ken and Ari Walker]

Thank you for your response, Alexander! We look forward to assisting you when the right loan opportunity arises. Feel free to reach out whenever you're ready, and we'll be here to help. Have a great day!

[Alex Williams]

Thank you for that info. I will be in touch when I have the right loan for you. 

Have a good night.

Alexander Williams

[Ken and Ari Walker]

Hi Alex,

We offer Business Purpose Private Money loans in California and Hawaii, as well as about 20 other States.  Feel free message here or call us at  [phone] or visit our website at https://www.sunpacificmortgage.com/ if you have questions or want to know more about our services. :-) 

Best, Ken & Ari 

[Alex Williams]

Hi Ken and Ari.

Does your company offer private money funding in any states other than California? I am licensed in Washington, Idaho, California, and Nevada and I am always looking for strong funding sources.

Alexander Williams