What is out with Home Buyers in 2008?

• Overpriced homes
• Properties that are not cleaned up.
• Homes that have no up-dates in kitchens and bathrooms
• Reports that show major problems
• Showing times that are very limited
• Sellers who don’t understand that the market dictates the price

I am working with several buyers right now and believe me, the market is moving. Properties are still being sold with multiple offers and few days on the market. My advice to sellers: Be smart, study the market, clean and stage and you could be in contract within a short period of time.

The inventory for single family homes in Burlingame is increasing. There are currently 64 homes listed for sale. Prices range from $ 659,000 for a 2 bedroom house on Winchester Place to $ 2,875,000 for a 5 bedroom 3.5 bath home on Costa Rica Ave. Compare this with June of 2007 when we had only 37 listings or even June of 2006 when we had 49 homes for sale.Taditionally we have had less inventory going into the summer months. The average time homes stay on the market is currently 37 days which is relatively low compared to other neighboring cities.

Whether you are searching for a rental unit, an Independent Living or an Assisted Living Community in San Mateo County, here are 8 senior communities that are worth investigating. Schedule an appointment for lunch/tour and meet the staff and residents. Please let me know if you would like me to come along for a visit! 

• Fountain Glen, San Mateo  www.fountainglen.com
• Leslie Senior Communities, Half Moon Bay
• www.leslieseniorcommunities.org
• Magnolia of Millbrae, Millbrae www.themagnolia.com
• Sunrise Senior Living, Belmont www.sunriseseniorliving.com
• The Peninsula Regent, San Mateo www.peninsularegent.com
• The Stratford, San Mateo www.thestratford.com
• Versailles Luxury Condominiums, San Mateo www.versailleslife.com
• Woodside Terrace, Redwood City www.aboutwoodsideterrace.com