Markets typically move in cycles characterized by pervasive economic optimism, uncertainty, or pessimism. Today, optimism is the prevailing motivation especially behind the real estate market. We have only to examine the results of September’s sales data recorded for the cities on the San Francisco Peninsula to see that exemplified.
Menlo Park
- Days On Market: 23
- Average Sales Price: $3,539,340
- Average Sales Price was 6% above asking
Foster City
- Days On Market: 9
- Average Sales Price: $2,2253,961
- Average Sales Price was 12% above asking
Belmont
- Days On Market: 12
- Average Sales Price: $2,267,777
- Average Sales Price was 11% above asking
San Carlos
- Days On Market: 12
- Average Sales Price: $2,488,548
- Average Sales Price was 6% above asking
San Mateo
- Days On Market: 17
- Average Sales Price: $1,921,305
- Average Sales Price was 7% above asking
Burlingame
- Days On Market: 13
- Average Sales Price: $2,991,900
- Average Sales Price was 11% above asking
If you are considering a purchase or refinance, whether it is for an owner-occupied or an investment property, give Sun Pacific Mortgage a call at 707-523-2099 to discuss a privately financed mortgage. Armed with a pre-approval letter, will be a huge asset when presenting your offer to a Seller in today’s economy. We are known for our fast closings friendly, informative service throughout the buying process.