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Market Conditions in 95054 : Real Estate Advice

  • All62
  • Local Info4
  • Home Buying46
  • Home Selling1
  • Market Conditions2

Activity 2
Sat Jan 23, 2010
Mihaela Mattes answered:
Hello Angie,
You received very good advice and data from the Realtors here.

If I were you, I'd still be optimistic. I had a number of prospects from south peninsula and although they may have to go through several offers to win their home, I'm confident professional negociation skills and common sense in crafting offer terms are winning the good deals.
As you know, many foreclosed properties are not in the best shape, so many people are turned away by the work neeede and incertitude.

Stay open to home styles, consider starting with a condo (maybe on 2 levels), and prioritize on location, as it will help the overall investment and resale.
I can send you very detailed historical stats on each city, just drop me a note.

We're ready when you are!

Mihaela Mattes
Century 21 Realty Alliance
1528 South El Camino Real, Suite 110
San Mateo, CA 94402
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t 650.558.5208
c 650.799.9496
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I donate 20% of my professional fees to The LAM Foundation to help women diagnosed with this cruel disease.
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Fri Mar 21, 2008
Bob answered:
I currently live in Rivermark and have definitely seen prices soften a bit at the high end (single family homes). There are a lot more houses on the market for prices that are between 50 and 100K lower than their peak values. I am an original owner and personally LOVE the neighborhood, its proximity to Safeway, easy commute, and the fact that a neighborhood library just got approved.

It would also seem to me that the demographic of the homeowners do not really lend themselves to getting into financial trouble (professional jobs, hi tech hasn't really been hit) so you dont really see any shortsales and most folks are original owners and have so much equity that the loan mess wouldn't really have a huge impact. I cant imagine anyone being upside-down on their mortgage, given the appreciation over the past 5 years.
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