San Francisco Bay Area, California Real Estate

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Samia Morgan offers unparalleled service to ALL clients in the San Mateo California real estate market. Your complete satisfaction with our service and representation is our number one priority. 

Samia Morgan serves the entire San Mateo County real estate market including the surrounding Bay Area.

Whether you are considering buying a home, selling a home or both, Samia knows this area inside and out.

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2014 Statistics  

Housing Market Prices Continue To Soar Due to Lack of Inventory & Good Economic Outlook

San Mateo County Statistics

Here are the Statistics for Jan-April of this year.  As you can see the Days on the Market are pretty flat at 29 days on Market for the month of April and on average 31.75 days which is not bad on a National level.  As to the Sales Price to List Price ration, in the month of April, the rate was 107.7% up significantly from 106.4% in the Month of March. This brings our average SP/LP ratio to 106%.  We started the year with a 103.9% ratio.

  • The average year-to-date price for a home sold in San Mateo County was  $1,383,470, in April, the average price was $1,425,034

  • Days on the Market have leveled to 29 in April vs 27 in March

  • Rates are still low and the Buyers are plentiful and ready to make offers

  • If you are thinking of Selling... this is THE TIME!  Don't Delay!!!

Housing Market Continues to Stay Hot through First Quarter

San Mateo County Statistics

Here are the Statistics for for the first Quarter in 2014.  As you can see the Days on the Market have gone down while Sales Price to List Price have gone up significantly.  In March, that ratio was up to 106.5%!

  • The average price for a home sold in San Mateo County was $1,375,889 up from $1,236,522K an increase of 11.3%!

  • Days on the Market have gone down to 27 in March vs the high of 52 in December

  • Rates are still low and the Buyers are plentiful

  • If you are thinking of Selling... this is THE TIME!

 
 

Information is deemed Reliable but is not Guaranteed.

Housing Market Update for Closed 12 months through Jan 2014

San Mateo County Statistics 

Here are the Statistics for the February 2013 period through January 2014.  

  • The average price for a home sold in San Mateo County was $1,236,522 up from $944K 

  • Our peak average sale price was in May where we had the least amount of inventory.  

  • Our days on the market in December 2013 were at 52, our highest for the year and that is where we had the lowest sale price to list price ratio pretty much for the year.  

  • It follows that January of this year, we saw a reduction in the number of days on the market resulting in a higher yield of the sales price.... it all makes sense for a change.

So, we are in a Seller's market but overpriced homes do sit on the market as the Buyers are well informed.  Rates have been creeping up so it makes more sense to get that low rate rather than wait for the price to go lower as your rate is extremely sensitive.

Try looking at $1,000,000 home price with 80% mortgage at 4% interest only - total interest is $32,000 per year

If the rate goes up only 1/2 of 1% so from 4% to 4.5%, the interest cost goes to $36,000 per year which is equivalent to buying a home that is 13% higher in price at 4%... $1,130,000 with 80% mortgage at 4% interest rate, interest cost for the year would be $36,110.

The good word is pay attention to interest rate changes over home price changes.  You will live with that rate for a while.

 

 

Happy Holidays to ALL!

Wishing You a Terrific, Safe, Healthy and Prosperous New Year!

Housing Market Update December 2013

San Mateo Country Statistics

Here are the Statistics for the December 2012 period through November 2013.  

  • The average price for a home sold in San Mateo County is $944K  vs. in December 2012 where it was at $800K.  

  • Our peak average sale price was in May and in July at $960K.  

  • Our days on the market in December 2012 were at 60 and in November 2013 they were down at 50.  The lowest point in the days on the market was in June at 27.  

So, the market has been fluctuating as you may have heard.  It is still a good market.  Sellers and Buyers seem to be happy.

Housing Market Update

San Mateo County Statistics

Here are the Statistics for San Mateo County.  The Market is holding above the $1.2M mark!!!

Our Average sales price in San Mateo County has been holding steady above the $1.2M mark since April.... that is an amazing feat especially with interest rates rising.     Our Days on the market has gone up a bit and is slightly over 30 days but is very respectable.   Those who price well and stage their homes continue to see sales in the one week to 10-day period.   Do remember however, that Buyers are very well informed and you still need to price your home very well and have it looking its best to take advantage of the up-bid process!

Avg DOM & Sale to List Price Ratio Edit
 
 
 
 
Time frame is from Jul 2012 to Aug 2013
Property Sub Class is 'Single Family Residential'
County CountyCodeName is 'SMC San Mateo'
Results calculated from approximately 6,400 listings
 

 

As you can see from below, the price per square foot has remained very strong at approximately $617/sq. ft in the last four months and the Sale Price to List Price ratio has been also holding steady at approximately 106%!!!  These are very healthy statistics and if you are thinking of buying or selling it is a Great Market in which to participate!!!!

Housing Market Update

San Mateo County Statistics

As you have heard in the media, our market is hot.... Here are some interesting statistics for San Mateo County.

Our Average sales price in San Mateo County has now surpassed $1,200M!!!   Our Days on the market in the last twelve months have peaked in November of 2012 and are now just a bit over 20 days... now that takes into account bank owned and short sales which will tend to take that average higher.   So the bottom line is we are back in a hot and heavy Seller's market!  Buyers are very well informed and you still need to price your home well to take advantage of the upbid process!

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Also below are more statistics for San Mateo County:

The average $/square foot in San Mateo County has gone from approximately $500/sq. ft in 2012 to over $600/sq. ft. in the most recent months.  This is a VERY significant change.  You can cal so see how the Sale Price to List Price ratio has skyrocketed over the noted period.  All good news for Sellers... not so great for Buyers.... however, as I have been known to say, Buyers don't typically buy in a Buyer's market.... they feel comforted to know they are not the only ones taking the plunge.

 

 

 

Interview with Buddy West on the New Military Residential Specialist Designation

 

Foreclosure: Very few people in this unfortunate situation know what to do or where to go for help.  If you are in need of information to create an exit strategy but because you need to take immediate action we would like to help you create a strategy that will work with your specific situation.

Short Sales: If you are interested in learing more about the short sale process or you are interested in purchasing a short sale in the San Mateo area, please let mek now how I can assist you.  Have questions about the Short Sale process, visit the Short Sale FAQ

 

Samia Morgan offers some insight on what
a Short Sale is.

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Let Samia know if there is something specific you are looking for and she will find what you need.  Enjoy your visit and please contact her if there is anything she can do to make your next home buying or home selling experience the best it can be!

 

 

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Our goal is to leverage our knowledge and experience to help you get the best price the market will support while still selling your home in a reasonable period of time.

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Samia Realty Group, Real Estate, San Mateo, CA