Please note that this survey contains data for Single Family Residences only.
The number of homes in the Active status is down to 210 homes for this time period in May 2012 compared to 309 homes for the same time period in 2011 representing a 32.04% decrease.
The number of homes with Ratified* Sales for the month of April was up for this time period in April 2012 with 146 homes compared to 114 homes for the same time period in 2011 representing a 28.07% increase. (*Please note this is a different statistic than previous surveys. This number now represents the number of homes where the sale was ratified during the month rather than the number of homes in the Pending status regardless of when the transaction was ratified. It provides a better indication of market trends.)
The number of homes that Closed Escrow April 2012 has increased 28.42% from last year with 123in 2012 homes compared to 95 in 2011.
APRIL 2012 CLOSED TRANSACTIONS:
- Belmont had 21 Closed Transactions. Seven had a Sales Price over $1,000,000.
- Burlingame had 23 Closed Transactions. Nineteen had a Sales Price over $1,000,000. Two of those nineteen had a Sales Price over $2,000,000. One of those two had a Sales Price over $3,000,000.
- Foster City had 12 Closed Transactions. Four had a Sales Price over $1,000,000.
- Hillsborough had 14 Closed Transactions. All fourteen had a Sales Price over $1,000,000. Twelve of those fourteen had a Sales Price over $2,000,000. Four of those twelve had a Sales Price over $3,000,000. Two of those four had a Sales Price over $4,000,000. One of those two had a Sales Price over $5,000,000.
- Redwood Shores had 4 Closed Transactions. Three had a Sales Price over $1,000,000.
- San Mateo had 48 Closed Transactions. Ten of them of them had a Sales Price over $1,000,000. One of those ten had a Sales Price over $2,000,000.
There were 122 total reported APRIL Closed Transactions in these six communities.
- 39.34% of the Closed Transactions (48) were inSan Mateo.
- 18.85% of the Closed Transactions (23) were inBurlingame.
- 17.21% of the Closed Transactions (21) were inBelmont.
- 46.72% of the Closed Transactions (57) had a Sales Price over $1,000,000.
- 12.30% of the Closed Transactions (15) had a Sales Price over $2,000,000.
- 04.10% of the Closed Transactions (5) had a Sales Price over $3,000,000.
- 01.64% of the Closed Transactions (2) had a Sales Price over $4,000,000.
- 00.82% of the Closed Transactions (1) had a Sales Price over $5,000,000.
57.38% of the total APRIL Closed Transactions (70 out of 122) sold for the List Price or more.
PROPERTIES “IN CONTRACT” APRIL 01-30, 2012:
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 to the end 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 26 sales ratified. Seven of them had a List Price over $1,000,000.
- Burlingame had 18 ratified sales. Eleven of them had a List Price over $1,000,000. Five of those eleven had a List Price over $2,000,000..
- Foster City had 11ratified sales. Six of them had a List Price over $1,000,000.
- Hillsborough had 15 ratified sales. All fifteen of them had a List Price over $1,000,000. Eleven of those fifteen had a List Price over $2,000,000. Four of those eleven had a list price over $3,000,000. Two of those four had a List Price over $4,000,000. One of those two had a List Price Over $5,000,000.
- Redwood Shores had 7 ratified sales. One of them had a List Price above $1,000,000.
- San Mateo had 69 reported sales. Fourteen of them had a List Price above $1,000,000. One of those fourteen had a List Price above $2,000,000.
There were 146 total reported APRIL 2012 ratified sales in these six communities. There were 114 ratified sales in APRIL 2011 representing a 28.07% increase.
- 47.26% of the reported sales (69) were inSan Mateo.
- 17.81% of the reported sales (26) were inBelmont.
- 12.33% of the reported sales (18) were inBurlingame.
- 36.99% of the reported sales (54) had a list price over $1,000,000.
- 11.64% of the reported sales (17) had a list price over $2,000,000.
- 02.74% of the reported sales (4) had a list price over $3,000,000.
- 01.37% of the reported sales (2) had a list price over $4,000,000.
- 00.68% of the reported sales (1) had a list price over $5,000,000.
APRIL 2012 SHORT SALE DATA:
There are 6 total properties in the Active Status reported as Short Sales:
Top Three cities with the highest percentage of the total number of Active Listings reported as Short Sales:
- 50.00% of the Active Short Sales (3) are inSan Mateo.
- 16.67% of the Active Short Sales (1 each) are inBelmont. Burlingame and Hillsborough.
There are 16 total properties with APRIL Ratified Sales reported as Short Sales: (THIS REPORT IS DIFFERENT FROM THE PAST AS IT REFLECTS ONLY THOSE PROPERTIES WITH A RATIFIED SALE WITHIN THE TIME PERIOD RATHER THAN PROPERTIES IN THE PENDING STATUS REGARDLESS OF WHEN RATIFIED)
Top Three cities with the highest percentage of the total number of Pending Sales reported as Short Sales:
- 56.25% of the Ratified Short Sales (9) are inSan Mateo.
- 18.75% of the Ratified Short Sales (3) are inBelmont.
- 12.50% of the Ratified Short Sales (2) are inBurlingame.
There are 12 total properties in the APRIL Closed Sales reported as Short Sales:
- 58.33% of the Closed Short Sales (7) are inSan Mateo.
- 16.67% of the Closed Short Sales (2) are inBelmont.
- 08.33% of the Closed Short Sales (1) eachBurlingame, Hillsborough and Redwood Shores.
APRIL SHORT SALE LISTINGS COMPARED TO EACH STATUS TOTAL:
- 2.86% of the total Active listings are reported as Short Sales (6 out of 210)
- 10.96% of the total Ratified Sales listings are reported as Short Sales (16 out of 146)
- 09.84% of the total Closed Sales are reported at Short Sales (12 out of 122)
APRIL 2012 REO DATA:
There are 7total properties in the Active Status reported as REO Listings:
Top Three cities with the highest percentage of the total number of Active Listings reported as REO Listings:
- 57.14% of the Active REO Listings (4) are inSan Mateo.
- 28.57% of the Active REO Listings (2) are inBurlingame.
- 14.29% of the Active REO Listings (1) are inBelmont.
There are 6 total properties with APRIL Ratified Sales reported as REO Listings: (THIS REPORT IS DIFFERENT FROM THE PAST AS IT REFLECTS ONLY THOSE PROPERTIES WITH A RATIFIED SALE WITHIN THE TIME PERIOD RATHER THAN PROPERTIES IN THE PENDING STATUS REGARDLESS OF WHEN RATIFIED)
Top Three cities with the highest percentage of the total number of Pending Sales reported as REO Listings:
- 66.67% of the Ratified REO Listings (4) are inSan Mateo.
- 16.67% of the Ratified REO Listings (1 each) are in Belmont and Burlingame.
There are 5 total properties in the APRIL Closed Sales reported as REO Listings:
- 72.22% of the Closed Short Sales (3) are inSan Mateo.
- 16.67% of the Closed Short Sales (1 each) are in Belmont and Hillsborough.
APRIL REO LISTINGS COMPARED TO EACH STATUS TOTAL:
- 03.33% of the total Active listings are reported as REO Listings (7 out of 210)
- 04.11% of the total Ratified Sales listings are reported as REO Listings (6 out of 146)
- 04.10% of the total Closed Sales are reported at REO Listings (5 out of 122)
