The housing market continues to surprise even the most knowledgeable experts. What was supposed to be a collapse of the market has turned out to be a thriving one, at least on the San Francisco Peninsula.
Looking at the data from last month, the sales price continues to outpace the list price and the average days a property stays on the market is unbelievably low. Here’s a look at the average sales price and the average days the property stayed on the market:
Menlo Park: $3,598,962 3% above list 12 DOM
San Carlos: $2,463,000 5% above list 12 DOM
Foster City: $2,408,637 5% above list 11 DOM
San Mateo: $2,172,245 7% above list 10 DOM
Belmont: $2,299,655 3% above list 19 DOM
Burlingame: $2,994,550 1% above list 12 DOM
It appears that the housing market is still doing well in these cities by the bay!
If you are considering buying or refinancing your property on the Peninsula or anywhere else in California or Hawaii, give Sun Pacific Mortgage a call at 707-523-2099. We have been offering fast, private loans for 35+ years and have many happy clients and investors – and we’d be happy to help you too!