Week In Review January 4 to 10th, 2009

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The number of available homes is up this week – we should continue to see more and more for sale as we move into Spring.  Home owners have been conditioned to put their homes on the market in the Spring – whether that’s the best idea is for another post.  But the question will be whether or not the trend of declining inventory will continue.

For the several weeks that I’ve been tracking it, the number of homes for sale throughout San Mateo County has declined – not by much but it has.

The other obvious trend that continued this week is that more homes sold under the asking price than at or over.

Although more houses in Daly City are selling under the asking price than at or over, declining inventory is a trend that continued this week.

the number of homes for sale in Burlingame has dropped into the low 30′s the past two weeks which is down from the two previous studies which show inventory in the high and then low 40′s.

Available Listed In Contract At List Above List Below List
Atherton 17 1 1 0 0 0
Belmont 31 5 2 0 1 0
Brisbane 7 1 0 0 0 0
Burlingame 34 6 0 0 0 0
Daly City 137 12 18 2 1 4
El Granada 16 1 0 0 0 0
Foster City 22 4 1 0 0 1
Half Moon Bay 53 3 1 0 1 0
Hillsborough 44 6 1 0 0 0
Menlo Park 83 7 8 0 1 0
Millbrae 31 5 1 0 0 0
Montara 19 2 0 0 0 0
Moss Beach 11 0 0 0 0 0
Pacifica 62 6 6 0 1 2
Portola Valley 21 2 0 1 0 0
Redwood City 152 19 6 0 1 4
Redwood Shores 13 0 0 0 0 0
San Bruno 50 6 1 0 0 1
San Carlos 50 4 2 0 1 1
San Mateo 103 10 5 1 3 1
So San Francisco 108 8 8 0 1 2
Woodside 27 1 1 0 0 0

Got a San Mateo County real estate question?   Call me at 650.888.9268 or send me an email Vicki [at] CallVicki.com.   If you like what you’ve read, subscribe to the San Mateo Real Estate Blog feed.

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Vicki Moore About Vicki Moore

Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

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