We had the pleasure of having the San Mateo California Baglady by today to comment on a post by Vicki Moore which led me back to her page out of curiosity. I found myself reading & reading what she had to say, and I thought it was valid enough to bring it into the spotlight for all to read.
So two weeks agoI started to look at San Mateo real estate in decline on Redfin. Today I did another scan of the San Mateo properties that have been listed on Redfin for less than 14 days. I found another 46 properties that have listing prices lower than their last selling prices. There were about 300 to 400 properties in San Mateo County that were listed on Redfin in the last 14 days, so that means 46 properties is a little more than 10% of all the new properties coming up for sale. After I looked through the properties it seems that at least a couple are old listings with new lower prices. Here are some highlights of these listings.
This is a four part series shes banged out- complete with factual breakouts of real estate in San Mateo California. I would also suggest the comments to you, as some of them are very interesting.
Let us know what you think…
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Hopefully I won’t get flogged over there too. Her readers’ comments are rabid. But as you said, gotta be open for a good debate.
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I think that it puts consumers thoughts out there for people to digest rather than explode. I found several things in her frustrations that were not said to be very interesting- she didn’t place blame- its to the point analysis. I’ll be following her series.
Hey there, thanks for the link. A lot of the commentators on my site came from patrick.net and they’re diehard real estate bubble haters. I don’t agree with everything on patrick.net. For example, on patrick.net they have a bit of a vendetta against all realtors, but I feel like most realtors are just trying to do their jobs. I have met very good realtors before and they are trying to provide honest and good services. Unfortunately, there are the bad realtors that collude with sellers and get involved in mortgage fraud and such. I do feel like things are definitely overpriced right now and the correction is sorely needed. I agree with Vicki that eventually home prices do rise because in time the price of everything rises. Anyway, for now I’m just watching, and a lot of my readers are young professionals in the area so they like reading about what I find.