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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 195 homes for this time period in February 2012 compared to 233 homes for the same time period in 2011 representing a 16.31% decrease.
The number of homes in the Pending status is up for this time period in February 2012 with 172 homes compared to 160 homes for the same time period in 2011 representing a 7.50% increase.
The number of homes that Closed Escrow January 2012 has decreased 18.64% from last year with 48 in 2012 homes compared to 59 in 2011.
JANUARY 2012 CLOSED TRANSACTIONS:
- Belmont had 2 Closed Transactions. Neither had a Sales Price over $1,000,000.
- Burlingame had 8 Closed Transactions. Four had a Sales Price over $1,000,000. One of those four had a sales price over $2,000,000.
- Foster City had 4 Closed Transactions. None had a Sales Price over $1,000,000.
- Hillsborough had 3 Closed Transactions. All three had a Sales Price over $1,000,000. Two of those three had a Sales Price over $2,000,000.
- Redwood Shores had 2 Closed Transactions. Neither had a Sales Price over $1,000,000.
- San Mateo had 29 Closed Transactions. Eight of them of them had a Sales Price over $1,000,000. Two of those eight had a Sales Price over $2,000,000.
There were 48 total reported January Closed Transactions in these six communities.
- 60.42% of the Closed Transactions (29) were in San Mateo.
- 16.67% of the Closed Transactions (8) were in Belmont.
- 08.33% of the Closed Transactions (4) were in Foster City.
- 31.25% of the Closed Transactions (15) had a Sales Price over $1,000,000.
- 12.50% of the Closed Transactions (6) had a Sales Price over $2,000,000.
- 04.17% of the Closed Transactions (2) had a Sales Price over $3,000,000.
33.33% of the total January Closed Transactions (16 out of 48) sold for the List Price or more.
PROPERTIES “IN CONTRACT” JANUARY 01-31, 2012:
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 13 sales ratified. Two of them had a List Price over $1,000,000.
- Burlingame had 12 ratified sales. Seven of them had a List Price over $1,000,000.
- Foster City had 8 ratified sales. Three of them had a List Price over $1,000,000.
- Hillsborough had 7 ratified sales. All seven of them had a List Price over $1,000,000. Six of those seven had a List Price over $2,000,000. One of those 6 had a list price over $4,000,000.
- Redwood Shores had 4 ratified sales. Two of them had a List Price above $1,000,000.
- San Mateo had 46 reported sales. Eight of them had a List Price above $1,000,000. One of those eight had a List Price at $3,000,000.
- There were 90 total reported January sales in these six communities.
- 51.11% of the reported sales (46) were in San Mateo.
- 14.44% of the reported sales (13) were in Belmont.
- 13.33% of the reported sales (12) were in Burlingame.
- 32.22% of the reported sales (29) had a list price over $1,000,000.
- 07.78% of the reported sales (7) had a list price over $2,000,000.
- 02.22% of the reported sales (2) had a list price over $3,000,000.
- 01.11% of the reported sales (1) had a list price over $4,000,000.
JANUARY 01-31. 2012 SHORT SALE DATA:
There are 29total 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:
- 65.52% of the Active Short Sales (19) are in San Mateo.
- 17.24% of the Active Short Sales (5) are in Burlingame.
- 10.34% of the Active Short Sales (3) are in Belmont.
There are 15 total properties in the Pending Status 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:
- 80.00% of the Pending Short Sales (12) are in San Mateo.
- 06.67% of the Pending Short Sales (1 each) are in Belmont, Burlingame and Foster City.
There are 8 total properties in the January Closed Sales reported as Short Sales:
- 75.00% of the Closed Short Sales (6) are in San Mateo.
- 12.50% of the Closed Short Sales (1 each) are tied in Burlingame and Hillsborough.
JANUARY SHORT SALE SUCCESSES IN PERSPECTIVE:
- 14.87% of the total Active listings are reported as Short Sales (29 out of 195)
- 16.67% of the total Pending listings are reported as Short Sales (15 out of 90)
- 16.67% of the total January 2011 Closed Sales are reported at Short Sales (8 out of 48)
