Where We Are
Whether the bubble is popped and we’re over the hump may still be a question in the minds of some.  But based on what we’re currently seeing, not only in the statistics but in the field, we’re confident – at least for the moment – that the rough market conditions have subsided and [...]

Click here or on the post title to see the scrapblog presentation of Spring at Filoli.

A little real estate 101 here:  When you’re comparing apples, you compare them to other apples.

Because the Wizard – otherwise known as an Appraisal Management Company – chooses the appraiser, they’re coming from Russia to appraise Pacifica.  They don’t know that Rockaway Beach is different than Linda Mar.  Or that The Village is different than Shoreview.

 
I’ve gone on and on about median prices and what they mean.  You can catch my soapbox theory at that post.
Here’s the straight dope:  The median prices are calculated by looking at the MSA or Metropolitan Statistical Area.  As Realtor.org says, MSA’s “are as defined by the U.S. Office of Management and Budget and include the [...]

The long awaited new conforming loan limits for San Mateo County and other high-cost areas are now available to home buyers, Wells Fargo announced this week, with other banks to follow in the coming days.

Median home price for San Mateo County Q1 2009:  $560,000.

2008:  Q1  $890,000;  Q2  $860,000;  Q3  $772,500;  Q4  $644,444.

There were a 173 new homes for sale this week – by far the largest number since I started counting at the beginning of December of last year.  The number of homes sold is also one of the highest numbers we’ve seen: 88.

The most expensive house to sell this past week was a 4 bedroom, 4 and 1 half bathroom home in Woodside.  This 4,344 square foot property sold for $2.5 million

The least expensive sale was in East Palo Alto.  A 3 bedroom, 1 bathroom, home of 970 square feet sold for $205,000.