81 active listings
17 pending sales
5 sold listings in past week.
What does this mean? Well, there's been a big change since the last update on Jan 18th. There are 16 more active listings than 11 days ago, but only 1 more pending sale. In the 2 million dollar price range, there are 29 active listings and 2 pending sales. In the under 2 million dollar range the numbers are much higher, at 52 active listings and 15 pending sales. The ratio of pending to active sales overall has increased from 1 to 4 to almost 1 to 5. The ratio of active to pending over 2 million is almost 1 to 15, while in the under 2 million market it's almost 1 to 4. So, things don't look bright, except for the fact that a lot of homes came onto the market for last Friday's tour, and very few for this week's tour. Last Friday there were 78 listings and tonight there are 81. This is probably a Super Bowl weekend phenomenon.
Tomorrow I will give the details on the homes that sold since the last update and who seems to be putting their homes on the market in today's climate. I will try to get as much info as possible on new construction, financial hardship, or selling by heirs to attempt to get a feel for what's happening.
If you are interested in finding the final selling price of any home, anywhere, you can do it on my website. Click here to get to my site. Once there, flick on Cyberhome Home Valuation. You can then type in any address to get the county records.
If you need anything else, please contact me. I am always here to help you.
Marcy Moyer, Intero Real Estate
marcy@marcymoyer.com
650-619-9285
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