SAN FRANCISCO BAY AREA REAL ESTATE NEWS : September 2009

What's moving in Sterling Downs, Belmont?

Street Address List Price Beds Baths Bldg SqFt Lot Size Range Class Status
MANCHESTER LN $898,000 4 2 1/2 1760 1 to 4,500 SqFt 1 1-Active
HILLER ST $799,000 4 2 1940 6,500+ to 8,000 SqFt 1 1-Active
NE WESSEX WY $775,000     0 40+ or More Acres 3 1-Active
ROXBURY WY $720,000 3 2 1470 4,500+ to 6,500 SqFt 1 1-Active
MIDDLESEX RD $719,950 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active
CHESTERTON AV $715,000 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active
YORKSHIRE WY $649,000 3 1 1010 4,500+ to 6,500 SqFt 1 1-Active
FURLONG ST $559,000 3 1 1090 4,500+ to 6,500 SqFt 1 1-Active
OLD COUNTY RD #24 $549,900 3 2 1585   2 1-Active

 A few properties in the Sterling Downs Belmont on the active list.  There has been some activity in the neighborhood.  With properties priced right they don't last long. If you or someone is looking in the Sterling Downs neighborhood please feel to contact me.  

Have a great day!

Jim Light

http://www.interorealestate.com/agents/jameslight

 

0 comments • James Light San Mateo Real Estate Agent (Realtor) • September 29 2009 12:08PM

What's moving in San Mateo Westwood Knolls?

Street Address List Price Beds Baths Bldg SqFt Lot Size Range Class Status
41ST AV $1,150,000 5 3 3580 4,500+ to 6,500 SqFt 1 1-Active
36TH AV $1,049,000 3 3 1780 4,500+ to 6,500 SqFt 1 1-Active
EASTWOOD DR $1,033,000 4 3 2680 4,500+ to 6,500 SqFt 1 1-Active
HACIENDA ST $864,900 3 2 1/2 2610 4,500+ to 6,500 SqFt 1 1-Active
41ST AV $845,000 3 1 1/2 1280 4,500+ to 6,500 SqFt 1 1-Active
DARCY AV $768,000     1769 4,500+ to 6,500 SqFt 3 1-Active
42ND AV $719,000 3 2 1990 8,000+ SqFt to .25 Acre 1 1-Active

 

Update on the active properties of the San Mateo Knolls neighborhood.  There has been some movement in the neighborhood. With properties priced right, they don't last long. If you or someone is looking in the San Mateo Westwood Knolls neighborhood please feel free to contact me.

Have a great day!

Jim Light

www.interorealestate.com/agents/jameslight

0 comments • James Light San Mateo Real Estate Agent (Realtor) • September 29 2009 11:33AM

In today’s market first time buyers need to be ready.

In today's market first time buyers need to be ready.  

 

The San Francisco peninsula has always been a choose for many people living in the Bay Area.  The Peninsula supports some of the highest price neighborhoods and is a desirable place for all to live. Our current market positions are very encouraging.  Believe it or not it's turning into a seller's market.   Why do I say that you may ask:   San Mateo County's housing inventory is low. In many cases the inventory is only 1-3 months worth.   A balanced market where it is not a buyer's market or seller's market is an inventory of six months.  A second issue supporting the seller's market is multiple offers on homes below $700K.   This has made it very hard for first time buyers to purchase their home, but you can prepare yourself for this market.

•1.       If the property is a great deal, others are going to think the same way.  It's good to realize that others may view it the same way.

•2.       If you want the property "put your best foot forward".  I am not saying increase the offer to what you can afford, but look at the property and evaluate the worth.  Make your offer solid and watch for the little things that may cloud your offer.  Your Realtor can help with this.

•3.       Have a pre-approval for a loan prior to making the offer.  The pre-approval is not mandatory but with investors and heavy cash buyers competing against the first time buyers you have to be ready.   

•4.       Remember the federal tax credit for first time buyers.   Close of escrow has to be done prior to end of November because the offer expires soon.. ......Consult your tax advisor on the details.

If you are ready to buy:  Create your plan and work with your Realtor to develop the plan of execution.    If you haven't picked a Realtor, I am here to discuss your plan.

Have a great day! 

Jim Light

www.interorealestate.com/agents/jameslight

0 comments • James Light San Mateo Real Estate Agent (Realtor) • September 22 2009 05:45PM