Home Selling in 94404>Question Details

Jamie, Real Estate Pro in 94404

How is the housing market in San Mateo (Mariner's Island) area? What is the avg. days on market and are sellers getting multiple offers?

Asked by Jamie, 94404 Sat Jun 4, 2011

Thinking about listing our home but wanted to get an understanding for how the market is doing.

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Answers

8
Hi Jaime -

That's good news that you own a single-family vs. towhouse/condo. I know your location well but still don't know much about your home i.e. bed/bath, condition, location within mariners green, on the water or not.

I've uploaded a market analysis to our website with all the activity in your neighborhood this year. You can download the document here http://www.thedameliogroup.com/resources/files/home under market updates it says Mariners Green CMA for Jaime.

When your are ready to begin the interview process we would love to be included!

Best,
Greg
650.245.8700
0 votes Thank Flag Link Sun Jun 5, 2011
Hello Jamie,
The real estate market in our area is just great.. with a proper pricing and proper presentation of your property and an adequate marketing program....you should be selling in a short time. As for the multiple offers situation :The lower your asking price the higher will be the interest in your property.
Should you like to have an idea about my marketing program, please give me a call (650) 291-9792 or email me at Juliettenajjar@yahoo.com
Good luck..
Juliette Najjar
DRE # 0111810
Coldwell Banker Residential Brokerage
0 votes Thank Flag Link Sun Jun 5, 2011
Since you own a single family home in FC neighborhood #3, the average price of houses sold in your area with min of 3 BR to 5BR and with a min of 3 bath is from 850k to 1,3M. This sold prices are prices within the last year.

One of the biggest factors is pricing . If the your property is priced well, then you might get multiple offers and it should not last long in the market. Most properties that stays long in the market are the over priced property and also the short sales that takes a lot of time in waiting for their lenders to approve the price.

If you want me to send you comps in your area, I will be more than happy to email them to you at no cost.

Good luck to you!

Cristina Weglinski
Avant Properties
cell: 415-987-3784
http://www.cristinaweglinski.com
0 votes Thank Flag Link Sun Jun 5, 2011
Thanks for the info. I have a single family attached home in Mariners Green #3 association. The dues are pretty low $125/mo.
0 votes Thank Flag Link Sun Jun 5, 2011
Hi Jamie,

Mariner's Island area has always been an excellent selling market. I have had the privilege during my 35 year real estate career to have sold many condo's and townhouses in Mariner's Island community. We are not seeing that many multiple offers. Interest rates are very attractive to today's buyer. Any conforming loan under $729,700 will qualify for the lowest interest rate. May condo's and towhouse's are being sold under the FHA loan program. Multiple offers will only occur if the home is priced right and shows well.
Do you have a home, townhouse or condo? What is your HOA fee?
Summer is a very good time to sell. I would be happy to prepare a Comparative Market Analysis which is how an appraiser will establish the true value. I have sold over 750 homes in the mid peninsula. I would be happy to sit down with you and answer all of your questions.

Thanks,
Edd McKibben
Today Sotheby's International Realty
San Caros, CA
cell 650 759-0789
please visit my website http://www.eddmckibben.com or http://www.fostercityhomes.com.
0 votes Thank Flag Link Sat Jun 4, 2011
Hi again,

There have been 4 single family homes sold in the Mariner's Island area this year and the Avg days on the market is 18.

There have been 5 condos/townhouses for sale and they were on the market for 220-182-24-83- and 47 days.

Besides pricing, one big reason for the long period of days on the market is because of short sales. Sometimes, It takes a long time for the lenders to make a decision.

Jamie, go to my Brokers site and check out his blog about the market and trends. http://www.thepeninsularealestatebroker.com

Regards,

Tap
0 votes Thank Flag Link Sat Jun 4, 2011
Hi Jamie,

There are many factors when it comes to days on the market. One of the biggest is pricing. If you price the property to sell, you may get multiple offers. Not so much with condos, but pricing is still very important.

If you decide to sell, interview a few agents to see who you are comfortable with. Do not list your home with the agent that promises to sell your home for the highest price without a clear cut plan on how to achieve that price.

Go with an agent who has the best marketing strategies and negotiating skills. Also, make sure to ask this question. What is my home worth, don't tell me what I want to hear, tell me the truth. Then it's time to decide if the timing is right for you.

Cheers.

Tap
Coldwell Banker
http://www.DavidTapper.com
650-403-6252
http://www.zillow.com/profile/DavidTapper/Reviews/
0 votes Thank Flag Link Sat Jun 4, 2011
Hi Jamie -

Do you own a condo or single-family home? I ask because there is a big difference between days on market for condo/townhouses vs. single-family homes. The avg. days on market of sold single-family homes in Mariners Island area in the last 6 months is 23 days vs. condo/townhouses the avg days on market of sold properties is127 days. I'd say for the most part unless it's a completely remodeled property or agressively priced, mulitiple offers are not all that common.

I'd be happy to provide you with a specific evaluation of your property. If interested, you can email me directly at greg@mcguire.com or give me a call 650.245.8700.

Regards,

Greg Damelio
McGuire Real Estate
0 votes Thank Flag Link Sat Jun 4, 2011
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