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
July 2011
Message from SAMCAR
Keep Your Mid-Year Engines Revving With Upcoming Events and Education This Summer! Upcoming Social Events | www.samcar.org/events Join us for the Annual samcar Membership bbq on August 11 from 3 to 5 p.m. at the main picnic area in San Mateo Central Park. Let us treat you to tasty summer fare, which your Board of Directors will prepare for you! Complimentary food, fun and games are samcar’s way of letting you know how much we appreciate your membership. Mangia Time! The samcar Annual Charity Spaghetti Feed Auction and Dance is being held on September 15 from 5 to 10 p.m. at the Peninsula Italian American Social Club, 100 North B Street in San Mateo. Support your samcar Foundation with an evening full of fun including fabulous raffle prizes, silent and live auction and authentic Italian pasta. For tickets and sponsorship information please visit www.samcar.org/events. Affiliate 11 for ’11: Mortgage Update Panel You all know that the mortgage industry is having a tremendous effect on real estate transactions today and in many cases, the appraisal process, as well. The Affiliate committee is developing a “San Mateo County Mortgage Update” panel. They will discuss a variety of topics including the pending drop in jumbo loan limits, the appraisal process, an update on short sales and foreclosures in the county, and more. Check the samcar Education page at www.samcar.org/education for the date. FREE Social Media Education Come to the Third Annual REBarCamp SF when: July 25 / 9 a.m. to 4:30 p.m. where: roe nightclub (651 Howard St., San Francisco) sign up: http://rebcsf2011-estw.eventbrite.com Social media trainers from all over the country will be facilitating discussions on trends in real estate web marketing, mobile, search, social and more. Supra Key Exchange Thank you to each and every member who helped make the Lock Box Exchange program run smoothly. We know that a mass update can have its challenges, but with the help of the Supra staff, it went very well. We also want to thank the samcar staff that assisted our members with their phone calls, inquiries and concerns prior to the exchange. for inquiries regarding these announcements
samcar@samcar.org or (650) 696-8200
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
Tuesday
27 4
28 5
SAMCAR Office Closed for U.S. Independence Day
all day
11
12
18
19
25
8:30 a.m. Combined Meeting (229 w. 20th ave., san mateo)
26
9 a.m. REBarCamp SF (roe nightclub, 651 howard st., sf) rebcsf2011-estw.eventbrite.com
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
July 2011
view the full calendar online at
www.samcar.org/Calendar Wednesday
Thursday
29
30
6
7
9:30 a.m. Pacifica Legislative Committee Meeting (450 dondee way, suite 7, pacifica)
Friday
Saturday
Sunday
2
3
11 a.m. Lunch & Learn: Hands-on Microsoft Publisher
9
10
10 a.m. MLS: Essentials of Matrix
16
17
23
24
30
31
1
JULY
8
15
11 a.m. Holiday Tour Deadline
10 a.m. Successfully Selling hud Homes (Affiliates 11 for ‘11)
13
9:30 a.m. Coastside Legislative Committee Meeting (248 main st. #200, half moon bay)
14
8 a.m. GRI 100/101: Agency Relationships, Duties & Disclosures /Ethics, Professional Conduct, & Legal Aspects ($149) www.eDesignations.com
1 p.m. MLS: Mastering Matrix
10 a.m. Cultural Diversity – Equal Opportunity Committee
20
9:30 a.m. Peninsula Legislative Committee Meeting
21
28
11:30 a.m. Special Events Committee Meeting
22
10 a.m. RPA CA from A to Z
2 p.m. New PRDS Contract Training
11 a.m. YPN Educational Meeting
27
10 a.m. PRDSForms.com Online
11 a.m. Facebook for the Real Estate Professional ($20)
learn more about upcoming events at
www.samcar.org/Events
29
for advertising reservation and pricing information, please contact dalen gilbrech
dalen@samcar.org
advertisement
Join us at the
main picnic area
San Mateo Thursday August 11 3 to 5 p.m.
FREE to all SAMCAR members
Please call to confirm your attendance.
(650) 696-8200
Monthly Calendar | july 2011
Central Park
Market Update
Find monthly sales statistic reports online at www.samcar.org/stats
SAMCAR Resource | Market Update | july 2011
July 2011 | Market DatA
Median Price for SAN MATEO
County Median Price Increased Month Over Month The median home price for a single family home in San Mateo County increased from $725,000 in April to $825,000 in May 2011, a 13% increase, according to sales statistics supplied by MLS. In comparison, the median price of a home was $750,000 in May 2010, a 10% increase year over year. The median County price has continued to increase month over month since January. The price has jumped 40% from $587,500 in January 2011. Signs of a pick up in home sales, beginning this spring, may have been driven by the recent encouraging employment reports, low mortgage rates and continued high homebuyer affordability.
Median Price for PACIFICA
Closed sales kept their brisk pace month to month. In May there were 418 closed sales countywide, compared to 365 in April. Compare that to 491 homes sold in the height of the real estate market of May 2006. During the housing market downturn, only 321 homes sold in May 2009. For Common Interest Developments, the median price fell from $395,000 in April to $330,000 in May. Average days on the market dropped from 95 in April to 80 in May with a 98 percent of list price received. Current inventory is 597, slightly higher than 568 reported in April. Inventory continues to increase. Inventory rose 3% from 1791 in April to 1850 in May. 672 new listings came on the market in May compared to 665 last year and 702 in April.
monthly association and market update of the san mateo county association of realtors速
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速, 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
www. altosresearch.com
The Coast is showing a softer market than the Peninsula. however. In May 2010, the average days it took to sell a home was 47, while this year it is 70, a 49% drop in year-over-year days on the market. However, in looking at late June statistics from Altos Research, the stats are dipping county wide for sales activity and prices. The coastal markets are declining, while the Peninsula market is looking at less of a dip (see charts above). To see more active market data, check out www.altosresearch.com and search for your city.
Editorial Contributions
Steve Blanton, SAMCAR Executive Officer Michon Coleman, Director of Government Affairs Paul Stewart, Government Affairs Coordinator Julie Ziemelis, Public Affairs Director
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速
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.
Data provided by Altos Research LLC |
90-day Median price
Copyright 息 2011 |
MASTHEAD
Market conditions are slower than they were in May 2010,
7-day Median Price