Market condition in Bay Area – 03/19/2009
This mainly keeps track of the entry level SFR in selected cities
Inventory: min. 3 bedroom / 1 bath with 1000 sq ft and above
| |
max. price |
Active |
Pending |
Inventory Level
(months) |
| Belmont |
< $1,000,000 |
25
|
15
|
7.50
|
| Burlingame |
< $1,250,000 |
16
|
5
|
12.00
|
| Campbell |
< $750,000 |
28
|
17
|
5.25
|
| Daly City |
< $550,000 |
46
|
56
|
4.06
|
| East Palo Alto |
< $360,000 |
46
|
33
|
9.86
|
| Foster City |
< $1,000,000 |
11
|
1
|
11.00
|
| Los Gatos |
< $1,000,000 |
32
|
9
|
12.00
|
| Millbrae |
< $1,150,000 |
57
|
60
|
6.11
|
| Milpitas |
< $550,000 |
21
|
2
|
10.50
|
| Mountain View |
< $900,000 |
34
|
12
|
34.00
|
| Pacifica |
< $580,000 |
28
|
24
|
6.46
|
| Palo Alto |
< $1,200,000 |
12
|
10
|
5.14
|
| Redwood City |
< $600,000 |
21
|
13
|
7.00
|
| Redwood Shores |
< $1,150,000 |
8
|
3
|
8.00
|
| San Carlos |
< $1,200,000 |
41
|
13
|
8.79
|
| San Mateo |
< $700,000 |
28
|
31
|
9.33
|
| San Jose |
< $400,000 |
690
|
582
|
8.81
|
| Santa Clara |
< $650,000 |
79
|
46
|
9.12
|
| South San Francisco |
< $600,000 |
35
|
32
|
4.77
|
| Sunnyvale |
< $750,000 |
62
|
44
|
7.15
|
There is an increase in listings and the inventory level is up in Burlingame, Foster City, Mountain View, San Carlos. The nicer areas in the Bay Area are feeling the ripple effect from the poor economy. I guess some people making good money in those area got laid off and they are in a rush to sell their houses and that’s why there is a jump in the listings in the areas.
To check out the latest Bank Owned Properties / REO in the area, go to
www.Peninsula-REO.com
1StopRealtor's Weblog - A Blog for the Bay Area home buyers / investors! 