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Belmont, Burlingame, Foster City, Hillsborough, Redwood Shores, San Mateo Home Sales 12/04/2011

December 4, 2011 1 Comment

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Please note that this survey contains data for Single Family Residences only. 

The number of homes in the Active status is down to 234 homes for this time period in November 2011 compared to 284 homes for the same time period in 2010 representing a 17.61% decrease.  The number of homes in the Active status has decreased 7.87% compared to last week (254).

The number of homes in the Pending status is down for this time period in November 2011 with 172 homes compared to 191 homes for the same time period in 2010 representing a 9.95% decrease.  The week-to-week number of homes in the Pending status has decreased 4.44% compared to last week (180).

The number of homes that Closed Escrow November 2011 has decreased 0.91% from last year with 109 in 2011 homes compared to 110 in 2010.

NOVEMBER 2011 CLOSED TRANSACTIONS:

  • Belmont had 20 Closed Transactions. Seven had a Sales Price over $1,000,000.
  • Burlingame had 24 Closed Transactions.  Seventeen had a Sales Price over $1,000,000.  Two of those seventeen had a Sales Price over $2,000,000.
  • Foster City had 18 Closed Transactions. Seven had a Sales Price over $1,000,000.
  • Hillsborough had 7 Closed Transactions.  All seven had a Sales Price over $1,000,000.  Five of those seven had a Sales Price over $2,000,000. One of those five had a Sales Price over $3,000,000.
  • Redwood Shores had 4 Closed Transactions.  One had a Sales Price over $1,000,000.
  • San Mateo had 36 Closed Transactions.  Eleven of them had a Sales Price over $1,000,000.   Two of those eleven had a Sales Price over $2,000,000.

There were 109 total reported November Closed Transactions in these six communities.

  • 33.03% of the Closed Transactions (36) were in San Mateo.
  • 22.02% of the Closed Transactions (24) were in Burlingame.
  • 18.35% of the Closed Transactions (20) were in Belmont.
  • 45.87% of the Closed Transactions (50) had a Sales Price over $1,000,000.
  • 08.26% of the Closed Transactions (9) had a Sales Price over $2,000,000.
  • 00.92% of the Closed Transactions (1) had a Sales Price over $3,000,000.

34.86% of the total November Closed Transactions (38 out of 109) sold for the List Price or more.

PROPERTIES “IN CONTRACT” NOVEMBER 2011:

The following are some numbers from a survey that I don’t post in a spreadsheet or chart on this blog, but review with my office at our weekly sales meetings.   Each week I do a report on “What has sold?”  This survey represents all the properties in all Pending statuses and Sold status that have a reported “Sale Date” from the beginning of the month in each of the communities I survey.  This information gives us a better indication of what types of properties and price ranges that are currently selling.

  • Belmont had 16 sales ratified.  Seven of them had a List Price over $1,000,000.
  • Burlingame had 19 ratified sales.  Twelve of them had a List Price over $1,000,000. 
  • Foster City had 8 ratified sales.   Two had a List Price over $1,000,000.
  • Hillsborough had 5 ratified sales.  All five had a List Price over $1,000,000.  Three of those five had a List Price over $2,000,000.
  • Redwood Shores had 2 ratified sales. Neither of them had a List Price above $1,000,000.
  • San Mateo had 52 reported sales.  Seven of them had a List Price above $1,000,000.  One of those seven had a List Price above $2,000,000.
  • There were 102 total reported November sales in these six communities.
  • 43.90% of the reported sales (52) were in San Mateo.
  • 17.89% of the reported sales (19) were in Burlingame.
  • 16.26% of the reported sales (16) were in Belmont.
  • 28.46% of the reported sales (33) had a list price over $1,000,000
  • 02.44% of the reported sales (4) had a list price over $2,000,000.

NOVEMBER SHORT SALE DATA:

There are 26 total properties in the Active Status reported as Short Sales:

Top Three cities with Active Listings reported as Short Sales:

  • 69.23% of the Active Short Sales (18) are in San Mateo.
  • 15.38% of the Active Short Sales (4) are in Belmont.
  • 07.69% of the Active Short Sales (2) are in Burlingame.

There are 69 total properties in the Pending Status reported as Short Sales:

Top Three cities with Pending Listings reported as Short Sales:

  • 69.57% of the Pending Short Sales (48) are in San Mateo.
  • 08.70% of the Pending Short Sales (6) are in Burlingame.
  • 07.25% of the Pending Short Sales (5) are in Belmont.

There are 4 total properties in the November Closed Sales reported as Short Sales:

  • 75.00% of the Closed Short Sales (3) are in San Mateo.
  • 25.00% of the Closed Short Sales (1) are in Belmont.

NOVEMBER SHORT SALE SUCCESSES IN PERSPECTIVE: