August 2017 Peninsula/Silicon Valley Market Update

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 41 days with the average sale price $1,782,750.00 (about 5% MORE than the month before). Price Received was 10% more than asking price.


In Redwood Shores, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 6 days with the average sale price $1,391,250.00 (in June was $1,906,250.00). Price Received was 3% MORE than asking price.


In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 16 days with the average sale price $1,719,313.00 (in June was $1,706,875.00). Price Received was 9% MORE than asking price.


In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 12 days with the average sale price $1,935,993.00 (in June was $1,897,130.00). Price Received was 10% MORE than asking price.


In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 14 days with the average sale price $1,633,721.00 (in June was $1,556,932.00). Price Received was 14% MORE than asking price.


In Atherton, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 69 days with the average sale price $8,055,625.00. (in June was $5,502,538.00). Price Received was 2% LESS than asking price.


In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 14 days with the average sale price $2,328,733.00. (in June was $2,402,215.00). Price Received was 9% 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!