May 2017 Peninsula/Silicon Valley Market Update

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 14 days with the average sale price $1,725,888.00 (2% MORE than the month before). Price Received was 9% more than asking price.

In Redwood Shores, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was 9 days with the average sale price $1,586,000.00. Price Received was 8% more than asking price.

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 23 days with the average sale price $1,750,126.00. Price Received was 13% more than asking price.

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 9 days with the average sale price $1,629,307.00. Price Received was 11% MORE than asking price.

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in April was only 9 days with the average sale price $1,554,647.00 (5% MORE than the month before). Price Received was 15% more than asking price.

If you are thinking of selling anytime in the near future, now is the time to do so...

if you are a buyer, the great news is interest rates are still at all time lows and you have more options to choose from than we have seen in the past several years....

I hope you have found this information useful and please feel free to reach out to me anytime if you need anything!