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Welcome


 

The Mid-Peninsula's real estate market saw prices increases by 11 percent from the same quarter last year. Some of the growth was driven by more sales of higher-priced homes, especially those priced above $2 million, which jumped by almost 70 percent from the same period last year. At the same time, sales of more affordable homes fell by almost 50 percent, as lower-priced inventory is disappearing at an incredible pace.

Nevertheless, while a lack of inventory has put considerable pressure on home prices, buyer competitiveness has not abated. Buyers are aggressively bidding for homes, and the share of homes selling over the asking price increased further, with about eight in 10 homes fetching premiums that averaged 14 percent. The Mid-Peninsula and Silicon Valley markets are the most competitive housing markets in the Bay Area.

Looking Forward: Insufficient supply levels will remain the biggest concern going forward. At the same time, homebuyers do not seem to be concerned about rising mortgage rates or the impact of the tax-reform package. Still, volatility in the tech stock market may hold back some activity this spring.

Click here to read the full Q1 2018 Mid-Peninsula real estate report.

Defining the Mid-Peninsula: Our real estate markets in the Mid-Peninsula subregion include the cities of Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area). Sales data in the charts includes all single-family homes in these communities.

 

We have used Charlene exclusively for 4 transactions over a 9 year period, both buying and selling.

- Kate and Eric, Atherton

MORE SUCCESS STORIES

From staging to selling, the process is seamless and no matter what issues come up, she resolves situations with speed and grace.

- Tiffany Shneider

MORE SUCCESS STORIES

She went the extra mile on every level, from helping us learn about each neighborhood, and educating us on the local market conditions…

- Christine and Dave Keefer

MORE SUCCESS STORIES

You have always gone above and beyond the call of duty -working with our schedules, answering our questions, and always being a great source of information.

- Sandra and Mark Micek

MORE SUCCESS STORIES

In a multiple bid situation facing an emotional seller and her experienced agents, Charlene successfully presented our offer and negotiated a contract on very favorable terms.

- Brendan B.

MORE SUCCESS STORIES

I can never thank you enough for all that you have given me and my family.

- L.F.

MORE SUCCESS STORIES

We have used Charlene exclusively for 4 transactions over a 9 year period, both buying and selling.

- Kate and Eric, Atherton

From staging to selling, the process is seamless and no matter what issues come up, she resolves situations with speed and grace.

- Tiffany Shneider

She went the extra mile on every level, from helping us learn about each neighborhood, and educating us on the local market conditions…

- Christine and Dave Keefer

You have always gone above and beyond the call of duty -working with our schedules, answering our questions, and always being a great source of information.

- Sandra and Mark Micek

In a multiple bid situation facing an emotional seller and her experienced agents, Charlene successfully presented our offer and negotiated a contract on very favorable terms.

- Brendan B.

I can never thank you enough for all that you have given me and my family.

- L.F.

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