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Monday Market Update: Luxury Market Interactive

Get Empowered With Knowledge and Tools

Welcome back to the Bobbi Decker Monday Market Update! This week, we wanted to share with you a tool to empower you with knowledge and current market trends in the luxury market!

The California Association of Realtors (CAR)® offers an always accessible resource online called the “California Luxury Market Interactive Tool.” This dashboard compiles luxury market sales (defined as homes sold for $1+ million) by quarter. Data reported includes the key measures of: price per square foot, sales-to-list price ratio, as well as median days on market and median days in escrow. Data can be sorted by county and then filtered further by city and zip code.

Below you will find a snapshot of the Luxury Market Interactive data in San Mateo County for the quarter ending in June 2020. Note that the median price per square foot is $913.34, the median sales-to-list price ratio is 100.7% and the median days on market is 20! The quarter ending in September 2020 will be available very soon, so keep checking back!

The Bobbi Decker Real Estate Team would agree that real estate trends never cease to amaze! The concept and investment of home is in demand (arguable now more than ever!), and the Harbortown community is one that we have listed and sold properties in record time with record prices per square foot – check it out!

These are ACTUAL Bobbi Decker listings & sales.

SOLD

937 Shoreline “B-3”: $1,148,000
936 Shoreline “A-2”: $950,000,
806 Wharfside “C-2”: $1,335,000
876 Wharfside “A-1”: $948,000
948 Shoreline “D”: $1,220,000

PENDING

938 Shoreline “B-3” List Price: $1,118,000
1135 Shoreline “D” List Price: $1,278,000

If you have any questions at all about luxury market trends or luxury lifestyle communities, please reach out at any time!

All my best,

Bobbi Decker
DRE#00607999

Broker Associate
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/