Active Listings Vs Pending Sales in Various Price Ranges in San Mateo County

By
Managing Real Estate Broker
It is apparent that below $400000 , the sales are very brisk and the supply cannot even catch up with the demand. However above 3 million, we have a glut of homes . Out of 138 total listings only 22 were listed as sales thus we have now a supply of 6 months which is not as bad as in Santa Clara for the high priced  market where we have a 13 month supply of homes above 3 Million.The reason for this is that financing is not as easy to get as banks are very gun shy.Already burnt badly , they do not want to take a chance.Already Bank of America is going to reduce Conforming loan limit  from July 1 even though FHA loan limits are not going to change till Oct. 1, 2011
San Mateo County For The Month of May, 2011
Single Family Homes
RangeActivePending SaleRatio
3 Million to 30 Million116225.27
2 Million to 3 Mil75184.17
1Mil to 2 Mil2911471.98
900k to 1 Mil82392.10
800k -900K87531.64
700K to 800K110741.49
600K-700K116711.63
500K-600K1621171.38
400K-500K2061991.04
300K-400K1001170.85
200K-300K29990.29
100K-200K4210.19
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Home Buying
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Rainer
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