August 2020 Peninsula/Silicon Valley Market Update

In Menlo Park, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 17 days with the average sale price $3,271,820.00 (in June was $3,166,832.00). Price Received was 2% above the asking price..

In Foster City, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 32 days with the average sale price $1,949,000.00 (in June was $1,919,543.00). Price Received was 1% above the asking price..

In Belmont, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 27 days with the average sale price $1,988,074.00 (in June was $1,829,930.00). Price Received was 2% MORE than asking price.

In San Carlos, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 18 days with the average sale price $2,250,567.00 (in June was $2,123,333.00. Price Received was 3% above the asking price.

In San Mateo, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was only 27 days with the average sale price $1,898,886.00 (in June was $1,820,081.00). Price Received was 1% above the asking price.

In Burlingame, CA - AVERAGE DAYS ON MARKET for Single Family Houses in July was 29 days with the average sale price $3,146,111.00 (in June was $2,816,562.00. Price Received was 1@ BELOW the asking price.

If you were thinking of selling your home in the near future, now is the time to do so to get the top dollar for your home before the market has a chance to turn.

Reminder: As you know that I am in real estate sales and my passion is to bring buyers/sellers together.
Who have you talked to in past couple days that might be thinking about buying/selling in San Francisco and/or in Silicon Valley or anywhere in the US/Canada (I am blessed to be a part of a huge network that I meet/talk-to on regular basis which is the backbone of my business that my clients benefit from).

Valeriy Krysov
Real Estate Broker
CalBRE Lic 01847176
? 415-385-8949
?? ValKrysov@RealtyFinancial.com
? RealtyFinancial.com

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