Please note that this survey contains data for Single Family Residences only.
The number of homes in the Active status is down to 172 homes for this time period in April 2012 compared to 278 homes for the same time period in 2011 representing a 38.13% decrease.
The number of homes with Ratified* Sales for the month of March is down for this time period in April 2012 with 175 homes compared to 190 homes for the same time period in 2011 representing a 7.89% decrease. (*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 March 2012 has increased 30.21% from last year with 125 in 2012 homes compared to 96 in 2011.
MARCH 2012 CLOSED TRANSACTIONS:
- Belmont had 18 Closed Transactions. Seven had a Sales Price over $1,000,000.
- Burlingame had 17 Closed Transactions. Eight had a Sales Price over $1,000,000.
- Foster City had 14 Closed Transactions. Five had a Sales Price over $1,000,000.
- Hillsborough had 12 Closed Transactions. All twelve had a Sales Price over $1,000,000. Ten of those twelve had a Sales Price over $2,000,000. Five of those 10 had a Sales Price over $3,000,000. Two of those five had a Sales Price over $4,000,000.
- Redwood Shores had 4 Closed Transactions. Three had a Sales Price over $1,000,000.
- San Mateo had 60 Closed Transactions. Nineteen of them of them had a Sales Price over $1,000,000. One of those nineteen had a Sales Price over $2,000,000.
There were 125 total reported MARCH Closed Transactions in these six communities.
- 48.00% of the Closed Transactions (60) were inSan Mateo.
- 14.40% of the Closed Transactions (18) were inBelmont.
- 13.60% of the Closed Transactions (17) were inBurlingame.
- 43.20% of the Closed Transactions (54) had a Sales Price over $1,000,000.
- 08.80% of the Closed Transactions (11) had a Sales Price over $2,000,000.
- 04.00% of the Closed Transactions (5) had a Sales Price over $3,000,000.
- 01.60% of the Closed Transactions (2) had a Sales Price over $4,000,000.
46.40% of the total MARCH Closed Transactions (54 out of 125) sold for the List Price or more.
PROPERTIES “IN CONTRACT” MARCH 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 33 sales ratified. Seven of them had a List Price over $1,000,000.
- Burlingame had 30 ratified sales. Eighteen of them had a List Price over $1,000,000. Two of those eighteen had a List Price over $2,000,000. One of those two had a List Price over $3,000,000.
- Foster City had 14 ratified sales. Seven 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. Thirteen of those fifteen had a List Price over $2,000,000. Six of those thirteen had a list price over $3,000,000. One of those six had a List Price over $4,000,000.
- Redwood Shores had 4 ratified sales. Three of them had a List Price above $1,000,000.
- San Mateo had 79 reported sales. Sixteen of them had a List Price above $1,000,000. Two of those sixteen had a List Price above $2,000,000.
There were 175 total reported MARCH 2012 ratified sales in these six communities. There were 190 ratified sales in MARCH 2011 representing a 7.89% decrease.
- 45.14% of the reported sales (79) were inSan Mateo.
- 18.86% of the reported sales (33) were inBelmont.
- 17.14% of the reported sales (30) were inBurlingame.
- 37.71% of the reported sales (66) had a list price over $1,000,000.
- 09.71% of the reported sales (17) had a list price over $2,000,000.
- 04.00% of the reported sales (7) had a list price over $3,000,000.
- 00.57% of the reported sales 1) had a list price over $4,000,000.
MARCH 2012 SHORT SALE DATA:
There are 14 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:
- 46.86% of the Active Short Sales (6) are inSan Mateo.
- 28.57% of the Active Short Sales (4) are inBurlingame.
- 21.43% of the Active Short Sales (3) are inBelmont.
There are 23 total properties with MARCH 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:
- 69.57% of the Ratified Short Sales (16) are inSan Mateo.
- 17.39% of the Ratified Short Sales (4) are inBelmont.
- 13.04% of the Ratified Short Sales (3) are inBurlingame.
There are 7 total properties in the MARCH Closed Sales reported as Short Sales:
- 42.86% of the Closed Short Sales (3) are inSan Mateo.
- 28.57% of the Closed Short Sales (2) are inBurlingame.
- 14.29% of the Closed Short Sales (1) each Belmont and Hillsborough.
MARCH SHORT SALE LISTINGS COMPARED TO EACH STATUS TOTAL:
- 08.14% of the total Active listings are reported as Short Sales (14 out of 172)
- 13.14% of the total Ratified Sales listings are reported as Short Sales (23 out of 175)
- 05.60% of the total March 2012 Closed Sales are reported at Short Sales (7 out of 125)
MARCH 2012 REO DATA:
There are 18 total 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:
- 72.22% of the Active REO Listings (13) are inSan Mateo.
- 16.67% of the Active REO Listings (3) are inBurlingame.
- 11.11% of the Active REO Listings (2) are inBelmont.
There are 17 total properties with MARCH 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:
- 58.82% of the Ratified REO Listings (10) are inSan Mateo.
- 23.53% of the Ratified REO Listings (4) are inBelmont.
- 11.76% of the Ratified REO Listings (2) are inBurlingame.
There are 18 total properties in the MARCH Closed Sales reported as REO Listings:
- 72.22% of the Closed Short Sales (13) are inSan Mateo.
- 16.67% of the Closed Short Sales (3) are inBurlingame.
- 11.11% of the Closed Short Sales (2) each Belmont and Hillsborough.
MARCH REO LISTINGS COMPARED TO EACH STATUS TOTAL:
- 10.47% of the total Active listings are reported as REO Listings (18 out of 172)
- 09.71% of the total Ratified Sales listings are reported as REO Listings (17 out of 175)
- 14.40% of the total March 2012 Closed Sales are reported at REO Listings (18 out of 125)
