San Mateo Real Estate In July

Six months’ inventory is the differentiation between a buyers’ and sellers’ market.  Looking at July, Hillsborough, LaHonda, Portola Valley, and Woodside are the only four cities in the county reaching that.

Redwood City’s First-Time Buyers

I’ve been working with first-time buyers in Redwood City.  The city as a whole has a relatively small amount of inventory;  the first-time buyers are fighting investors for those houses.  A recent sale on Marlborough priced at 299k – definitely designed to get multiple offers – received 12 last time I checked; probably more!

A house on MacArthur also priced to generate multiple offers ended up receiving nine offers.   Surely it was an investor who won out on that house – they paid all cash to win it.

Absorption Rates

The absorption rate is a quick way to see if the number of homes for sale in San Mateo County is going up or down. It’s just one of the statistics used to evaluate pricing.

What you’re looking at is how many months’ inventory there is on the market. The assumption is that it will take X number of months for all of the houses currently on the market to sell. More inventory = longer to sell.

You can also see if the area is a buyer or a sellers’ market. The National Association of Realtors defines a balanced market as one is which there is 6 months of inventory. More than 6 months, it’s a buyers’ market; less is a sellers’ market.

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Is now the right time to buy a home, sell a home – or just forget the whole thing? And how do I know? Is the real estate market going up or down? How does that affect me in my purchase or sale?

Join us for an informal conversation about San Mateo County’s real estate market. Ask questions – all of them – even the ones you’ve been hesitating to ask.

We’ll look at statistics and real life examples. It takes a crystal ball to figure out where we’re going but not where we’ve been. We’ll provide as much information as possible to help you in determining where to go next in today’s ever-changing real estate market.

As a lifelong San Mateo County resident and local Realtor, Vicki Moore has established herself as a respected member of the Peninsula real estate community enabling her to bring her knowledge, experience and professional associations to work for you. She has superior communication, organization and technological skills that she continually hones to provide you with world-class real estate services.

Coming up
November: Iris Hecker – Tax Preparation
January: Kirsten Weiss – Financial Planning
February: Judy Johnson – Your Credit Score
March: Kelly Corwell – Farmers Insurance

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Spring Cleaning In September

Back to school can mean chaos and confusion but it doesn’t have to! Our expert will show you the top ten tips to getting organized in a hurry.

Anne Navach, owner of Anne Navach Organizing Services, came to the Professional Organizing industry by way of a career in Corporate America. With 30-plus years of Project Management and Organizational Management expertise and a degree in Behavioral Science, Anne provides confidential, non-judgmental assistance in creating systems that work for her clients, one step at a time.

She specializes in working in small businesses and home offices, with an emphasis on productivity, paper management, clutter control, and financial management.

Additionally, Anne is a long time San Carlos resident, having moved here back in 1948.

Join us for our exciting, first MeetUp!

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Empowerment, freedom, and independence – these are all descriptive words of what your financial strategy should provide.

During this presentation, we will talk about the most common barriers to effectively managing your finances and guidelines you can use to break through them and reach financial stability.

Kirsten Weiss of SGC Financial will talk about something that can be difficult for all of us – our finances. She’ll help us avoid the 7 Ps which can create a devastating result.

So join us for frank and fun conversation, a raffle, roundtable and some good laughs.

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Day 983 of my captivity…

My captors continue to taunt me with bizarre little dangling objects. They dine lavishly on fresh meat, while I am fed hash or some sort of dry nuggets.

Although I make my contempt for the rations perfectly clear, I nevertheless must eat something in order to keep up my strength.

The only thing that keeps me going is my dream of escape. In an attempt to disgust them, I once again vomit on the carpet.

Today I decapitated a mouse and dropped its headless body at her feet. I had hoped this would strike fear into her heart, since it clearly demonstrates what I am capable of. However, she merely made condescending comments about what a ‘good little hunter’ I am.
Bitch.

There was some sort of assembly of their accomplices tonight. I was placed in solitary confinement for the duration of the event. However, I could hear the noises and smell the food. I overheard that my confinement was due to the power of ‘allergies.’ I must learn what this means and how to use it to my advantage.

Today I was almost successful in an attempt to assassinate one of my tormentors by weaving around her feet as she was walking. I must try this again tomorrow — but at the top of the stairs.

I am convinced that the dog who visits here is a snitch. That dog receives special privileges. He is regularly released – and seems to be more than willing to return. He is obviously demented.

The bird has got to be an informant. I observe him communicating with the guards regularly. I am certain that he reports my every move. My captors have arranged protective custody for him in an elevated cell, so he is safe. For now…………….

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I spent the day at BarCamp. It’s a real estate bloggers’ love fest of information sharing. The first event was last year in San Francisco. It’s spread all over the nation and is a pilgrimage for those of us who are realtors and also bloggers.

Last year I went to learn as much as I possibly could; to soak up the knowledge of those who had been there/done that. This year I went simply to see those people. My to-do lists have lists. The idea of having more great ideas to put on another list wasn’t – well, appealing. Seeing friends was the priority.

I talk to Larry, who lives in Canada, as much as I talk to friends in San Mateo. Linsey has become a friend, even though today was the first day we met in person. Today the guy who writes the best damn real estate blog in the world offered to help me fix mine since I turned all my posts into videos; the answer was a split-second YES! (Although you may not realize it, being the parent of a blundered blog, has caused many sleepless nights!)

Okay – to the point. One of the sessions was led by a pal, Bill Lublin. The Q was: How much of Twitter and your Facebook page should have real estate related info? Bill’s position was basically none.

I’ve debated this myself a hundred times and probably will a few hundred more times. Bottom line is that I am real estate. I spent all day talking about it and now 9:30 at night, what am I doing? I’m writing about it. I spend more time talking about, thinking about, worrying about real estate more than anything else.

When I talk to my friends, what do we talk about? What do they want to know about? On what topic do I have the most to say? Real estate.

To exclude that conversation from Twitter and Facebook would be leaving a part of me out. I love ya’ Bill but I disagree. And thus the premise of BarCamp. Learn, share, agree, disagree – then go have some beer.

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