
Local
Market Conditions:
As Real Estate Professionals, we are constantly monitoring market
conditions throughout the United States. The overall national market has cooled, however, remember the key
to being successful in real estate is: LOCATION, LOCATION, LOCATION and San Francisco & San Mateo County is
still one of the most desirable areas to live in.
Insider Secret: "Overall trends don't
mean as much as what's happening on your street!"
Looking at the overall market conditions nationally
and locally are important but it's also important to assess what's happening in the price range and area where you
want to buy. The price range and neighborhood of the home you are looking for may be experiencing a different market trend
from the overall market.
Update for the
Week of August 10, 2008:
5 Day home Sale:
San Francisco County:
Total Sales as of July 21: 146
Median
Price: $ 749,000
San Mateo County:
Total Sales as of July 15:142
Median Price: $ 689,000
Source: San Francisco
Chronicle