Resource | June 2011

850 Woodside Way, San Mateo, CA 94401 | www.samcar.org | (650) 696-8200 | fax. (650) 342-7509

Resource Monthly Calendar • Message from SAMCAR • Market Update

June 2011

Message from SAMCAR

Keybox Upgrades, Open Homes and Kudos to our Volunteers For June REALTOR® Service Volunteer Program Helped Dozens of Local Seniors A huge thank you and a “Job well done!” goes to the 85 rsvp volunteers who helped 83 seniors during the annual rsvp days, which occurred May 16 through 18. “It’s such a great way to give back to the community in a concrete manner. Our volunteers were touched by the stories they heard from our seniors. A win-win on both sides, “ said Alan Louie, Broker, rsvp Project Leader. “It feels good that you’ve done something special for someone else and it always amazes me that the seniors are so appreciative of even the smallest of tasks,” said Sue Vaterlaus, 2011 SAMCAR President. Watch for the next edition of the Focus this fall for a complete wrap up!

Supra keyBox Exchange Slated For June 29 and 30 In order to upgrade the technology of all the supra keyboxes at once, samcar and supra will be holding a keybox exchange on Wednesday, June 29 and Thursday, June 30 (by pre-set appointment) at the San Mateo Event Center, Redwood Hall. samcar members have been assigned a day and time to come and exchange keyboxes and have an opportunity to upgrade to an e-key, as well. If you cannot make the assigned time, you can switch your appointment with another realtor®. More information at www.samcar.org/Keys Participate in Nationwide Open House Weekend! samcar is driving interest to your open homes during Nationwide Open House Weekend being held June 4 through 5, 2011. samcar is partenering with nar on this event to: 1. Invite the public to come out and view available homes in their local market.

2. Meet a realtor® to answer questions they may have about the home buying and mortgage process.

3. Create an event that will expose your listings around the County to the public. samcar is offering free realtor® trademarked balloons to denote your open homes and your participation in this national event, while supplies last. More information at www.samcar.org/NOHW

for inquiries regarding editorial content please contact julie ziemelis (public affairs director)

juliez@samcar.org

register for most classes and events by calling samcar at

unless otherwise noted location is samcar

(650) 696-8200

850 woodside way, san mateo

Monday

30

Tuesday

31

SAMCAR Office Closed for Memorial Day all day

7

6

13

10 a.m. MLS: Essentials of Matrix 1 p.m. MLS: Mastering Matrix

14

20

8:30 a.m. SILVAR: Seniors Real Estate Specialist (SRES) ($299) (silvar, 19400 stevens creek blvd. #100, cupertino) coachingtoexcellence.com/sres

21

27

8:45 a.m. Duane Gomer’s 45 HRS Continuing Education ($89 members; $99 nonmembers)

28

8:30 a.m. Combined Meeting (229 w. 20th ave., san mateo)

8:30 a.m. SILVAR: Seniors Real Estate Specialist (SRES) ($299) (silvar 19400 stevens creek blvd. #100, cupertino) coachingtoexcellence.com/sres

find the full class schedule online at

www.samcar.org/Education

HUD Homes have seen a 1000% increase over prior years recently.

More hud homes will be released to the market, but hud homes are only available for hud Registered Broker’s agents to market subject to certain guideline limitations. This class walks you through the process, so you can qualify to sell hud homes.

Instructor Gina Tse, Local Listing Broker for HUD/Pemco To register, call SAMCAR at

(650) 696-8200

June 2011

view the full calendar online at

www.samcar.org/Calendar Wednesday

1

Thursday

2

JUNE

8

9

9:30 a.m. Coastside Legislative Committee Meeting (235 main street, half moon bay)

Friday

Saturday

4

Sunday

Pacifica Legislative Committee Meeting (450 dondee way, suite 7, pacifica)

3

5

8 a.m. GRI 114: Essential Concepts of the c.a.r. Residential Purchase Agreement ($149) www.eDesignations.com

10

11 a.m. REO Short Sale Transaction ($20)

11

12

Nationwide Open House Weekend www.samcar.org/NOHW

10 a.m. Cultural Diversity – Equal Opportunity Committee

15

9:30 a.m. Peninsula Legislative Committee Meeting

16

9 a.m. Broker/Manager MLSListings Update with CEO Jim Harrison (free to Brokers, $30 members) rsvp Julie Sanchez, (650) 696-8200

17

11 a.m. C.A.R. RPA-CA 2011: The Naked Truth! ($20)

18

19

23

11 a.m. Social Media and Search Essentials (free to first 15 attendees; $20 thereafter)

24

11 a.m. C.A.R. RPA-CA and C.A.R. Residential Listing Agreement ($20)

25

26

2

3

10 a.m. PRDSForms.com Online

22

9 a.m. Short Sales / Foreclosure Resource Certification ($99) coachingtoexcellence.com/sfr 11:30 a.m. Special Events Committee Meeting

29

30

8:30 a.m. ANNUAL MEETING (samcar, 850 woodside way, san mateo)

1

JULY

9 a.m. to 4 p.m. (by appointment) SUPRA Keybox Exchange / Key Upgrade (sm event center, redwood hall, 2495 s. delaware street, w. parking lot, san mateo) Get your pre-set appointment time at www.samcar.org/Keys#appt

learn more about upcoming events at

www.samcar.org/Events

Still not sure about the basics of why you should use social media marketing in your business? Learn the basics of using social media, tips for productivity and more.

Instructor

Hilda Ramirez, Got2BSocial To register, call SAMCAR at

(650) 696-8200

please contact dalen gilbrech

dalen@samcar.org

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Monthly Calendar | june 2011

Sign up now! First 15 people to register get in for free ($20 per attendee thereafter)

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Market Update

Find monthly sales statistic reports online at www.samcar.org/stats

SAMCAR Resource | Market Update | june 2011

Median Price for PACIFICA

June 2011 | Market DatA

Median Price Increased 23% from January to April 2011 The median home price for a single family home in San Mateo County increased from $700,000 in March to $725,000 in April 2011, a 4% increase, according to sales statistics from the San Mateo County Association of realtors® as supplied by the regional Multiple Listing Service. In comparison, the median price of a home was $754,000 in April 2010, a 4% drop year over year. However, the median price has increased 23% from $587,500 in January 2011. Signs of a pick up in home ales, beginning this spring, may have been driven by the recent encouraging employment reports, low mortgage rates and continued high homebuyer affordability.

Median Price for SAN MATEO

Closed sales kept their brisk pace month to month. In April there were 365 closed sales countywide, compared to 366 in March, a marked increase from 221 sales in February.

7-day Median Price Data provided by Altos Research LLC |

90-day Median price www. altosresearch.com

For Common Interest Developments, the median price was $395,000 with 91 average days on the market.

Inventory continues to increase, as sellers get into the full swing of the spring housing market. Inventory rose 8% from 1651 in March to 1791 in April. In comparison, during the height of the housing market boom in April 2006, inventory was 1179. 702 new listings came on the market in April compared to 782 last year and 675 in March.

monthly association and market update of the san mateo county association of realtors®

learn more online at

www.samcar.org or call us at (650) 696-8200 Distribution SAMCAR Resource is published monthly by the San Mateo County Association of REALTORS®, 850 Woodside Way, San Mateo, CA 94401 and distributed to more than 3,000 recipients. E-mail your questions or comments to samcar@samcar.org

Editorial Contributions

Steve Blanton, SAMCAR Executive Officer Michon Coleman, Director of Government Affairs Julie Ziemelis, Director of Public Affairs Paul Stewart, Government Affairs Coordinator

Art Direction / Editorial Design Dalen Gilbrech, Publications Designer

Board of Directors

Sue Vaterlaus, 2011 President Anne Oliva, President-Elect Phillip Houston, Treasurer Robert Brisbane, Director Bobbi Decker, Director Suzan Getchell-Wallace, Director Karon Knox, Director Dennis Pantano, Director John Prouty, Director Jennifer Tasto, Director Corrin Trowbridge, Affiliate Director Michael Verdone, Director Frank Vento, Director Diane Wilson, Director David Zigal, Director

thank you to our

2011 Annual Sponsors gold

Carr, McClellan Prof. Law Corp bronze

The Examiner Steven Cresci Insurance Agency find more information online at

www.samcar.org/Sponsorship Questions about Sponsorship?

Please contact Nasreen Wills at (650) 696-8220 or nasreen@samcar.org

the san mateo county association of realtors®

Our mission SAMCAR is a trade association organized to ensure professionalism, protect property rights, promote the ownership of real property, and help members achieve success.

Looking at the real time statistics from Altos Research, it appears that there was a dip in May for many parts of the County, but as we head into June, there are signs of an upswing, especially in Redwood City and Pacifica. For real time statistics, check out www.altosresearch.com.

Copyright © 2011 |

MASTHEAD

“Sellers are entering the market to take advantage of all the buyers who seem to be getting off the fence in larger

numbers this spring. Low interest rates and comparatively low prices are fueling demand in most parts of the County. The spring market has some good momentum and I forsee that trend will continue for a few more months,” said Sue Vaterlaus, 2011 President of the San Mateo County Association of realtors®.