Bay Area Peninsula Real Estate Market –
2nd Quarter 2023
Once again, the real estate market on the Peninsula saw ups and downs. The good news (or bad news depending on your perspective) is that this month saw more ups than downs for the average sales price paid by home buyers versus the asking price.
Menlo Park:
$3,537,875
Down 1% from asking 25 days on the market
San Carlos:
$2,341,714
Up 4% from asking 17 days on the market
Foster City:
$2,347,500
Up 4% from asking 36 days on the market
San Mateo:
$2,019,863
Up 1% from asking 36 days on the market
Belmont:
$2,395,000
Up 2% from asking 24 days on the market
Burlingame:
$3,450,820
Up 1% from asking 32 days on the market
If you are looking to buy a house in California and would like to create a stronger purchase offer – to beat out multiple offers – consider the fast Private Money options. These can offer 10 day closes or less! And Private Money, also known as Hard Money or Alternative financing, is more forgiving on its qualifications so any possible issues with property condition won’t be an issue with this type of financing. Could be that step up you’ve been looking for to buy in this market! Visit our website at www.sunpacificmortgage.com or call today (707) 523-2099.
