and Aragon neigborhoods and that will bring your average sale price down.
Seperate each area so it's apples to apples.
Even the B and C neighborhoods are getting alot of attention from first time home buyers and investors. It's like someone hit the light switch. I think this has happpened for a few reasons.
The holidays shopping was the first sign that consumers felt it was OK to spend money again. The stock market has been on a good run, and lastly the cost of money is almost free at 4% when you take into account of the cost of living and inflation.
Another reason we are seeing a big push is many buyers were waiting on the sidelines trying to time the market and now many feel that- that time has come.
House value is stable in San Mateo area. Only down a bit in winter time, but eventually pick up in summer time. Inventory is low, but still a lot of buyers out there, so expect multiple offers on a good property.
If you need help on house hunting, I am happy and ready to help!
Suena Suen, CDPE, GRI
Hopefully this will help. Let me know if I can help further:)
Home prices in the bay area are pretty stable.Every year prices usually drop in the Winter and slowly begin to increase in the Spring and Summer months.Most buyers purchase in Spring and Summer.The prices are still considered low, however, most economists believe they were too heavily inflated a few years back in the real estate boom.If you have any further questions or would like info regarding a specific property feel free to call or email me.Best of Luck.
650 - 262-0271
Real Estate Agent
Imara Mortgage and Realty
Servicing San Mateo and Alameda County