When I’m working with buyers or sellers, I run market trend reports for both the city/community and the specific neighborhood (if there is enough data) in addition to checking comps. It’s important to keep in mind that there are many micro-markets in San Francisco and on the San Mateo Peninsula.
In response to a buyer inquiry as to market trends in the San Bruno condo market, prices are still down so there is good affordability, the number of expireds are down (indicates more realistic pricing), the number of properties under contract is up (indicates buyer demand), & inventory is down. Short sales & REO’s are definitely still part of this market.
Click on each chart to enlarge or download full trends report here.
I’m happy to answer any questions you may have about San Bruno or any other Peninsula communities you might be considering.
Cheryl Bower, Realtor , GRI, ABR
DRE #: 01505551