Real Estate Market Blog: June 2014

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

Why now may be a good time for move-up buyers

June 25, 2014
Ginny Kavanaugh
You’re beginning to feel a little cramped in that home that seemed so perfect several years ago. There just aren’t enough bedrooms anymore, or adequate storage space or a big enough back yard for the kids and the dog to play. Or maybe there is another little one on the way - a baby, not a dog! Many Bay Area residents are facing a similar dilemma these days. While that small bungalow or rancher made perfect sense back when you bought it, you are quickly realizing that you have outgrown your home. The good news is that this may actually be a ...

June 2014 Real Estate Update

June 11, 2014
Ginny Kavanaugh
Prices continue to rise all around the Peninsula. The numbers insome cities (and individual neighborhoods) are showing staggering increases year over year. The median price in San Mateo County has exceeded $1 million this year, currently at $1,050,000. This means that half of all homes sold in San Mateo County are selling for more than $1,050,000. To put this in perspective, just 2 years ago, the median price in San Mateo County was $735,000; last year, it was $910,000. Sales in parts of Santa Clara County are also tremendous. Read down on ...