Undeniably the best deal today was this home on Hamlet in San Mateo offered by Patriott Properties. It's a bank owned home and they are ready to deal. Listed for only $439,900 we suspect it won't last until the weekend.

On a side note, the Best of Tour home from our Shiny Penny Tour last week that is hearing offers tomorrow, is up to 27 interested parties. We'll post the actual sale price as soon as we find out--stay tuned...

The information contained in this article is educational and intended for informational purposes only. It does not constitute real estate, tax or legal advice, nor does it substitute for advice specific to your situation. Always consult an appropriate professional familiar with your scenario. 

Tuesday’s Best of Tour

Today’s best of tour goes to two homes this week. The first one is 899 Crestview in San Carlos. This home is an amazing deal and perhaps that’s why it went pending before we even returned from tour today. Good deals don’t last that’s for sure.

This second home they seller is waiting until January 25^th for offers. It’s an updated three bedroom one bath home in Belmont at 913 Ruth Avenue. It resides on a 5,500 square foot lot and enyoys 1,260 square feet of living space. Priced at $559,000 it’s a steal for a west-side Belmont home.

If you are interested in these “Best of Tour” deals or any other home for that matter, contact us and we’ll guide you through the process of getting the home you want.

The information contained in this article is educational and intended for informational purposes only. It does not constitute real estate, tax or legal advice, nor does it substitute for advice specific to your situation. Always consult an appropriate professional familiar with your scenario.

Listings courtesy Alain Pinel Realtors

 

Time to look back at the Peninsula housing market in 2011.

Being in the trenches we know well ahead of the reported statistics how the housing market performed but it’s always interesting to look back and see what the numbers bear.

These two charts below represent the median home price for the past three years in Belmont and Palo Alto. We chose Palo Alto because that city enjoys leaded edge price stability and recovery. Belmont is less insulated from market volatility and is probably more typical of the average Peninsula city housing trend.

[Click on the images for a full-size graph]

As denoted by the red trend lines in both of these graphs, Peninsula housing prices, while suffering from typical seasonal fluctuations, are overall showing signs of a steady but slow increase in the median home price.

If this doesn’t seem to jive with the media reports of continual home price erosion it’s probably because the reports you’re hearing are for cities such as the one in our third chart below which represents a continual decline in home values in highly affected areas to our the north such as South San Francisco, Daly City and Colma.

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The information contained in this article is educational and intended for informational purposes only. It does not constitute real estate, tax or legal advice, nor does it substitute for advice specific to your situation. Always consult an appropriate professional familiar with your scenario.