Sellers on Holiday Hiatus?

It appears that Spring Break and the Easter Holiday put a bit of a damper on new listings on the Mid-Peninsula during the weeks of March 10th and March 17th. I see 54 new SFRs on the market in the tri-city area, compared with 75 during the previous two weeks. Must be getting in that last ski run or sunning in Hawaii.

Since I am in the mood to make charts this week, here is a breakdown of the 54 properties:

There is not much new on the market in the low-end range under $500,000 this week. Not sure if that means that the mortgage mess is settling down, that people are getting more savvy about how to handle it, or that lenders are too overwhelmed to get inventory on the market. Only time will tell.

Once you eliminate the lowest category, Redwood City covers the price spectrum pretty evenly with 9 properties in each category. San Carlos, which is still selling well, is pretty much staying above the $750,000 mark, while Belmont lags in listing numbers in general. The highest priced home of the week goes to 824 Arlington Road in Redwood City, a 5/4+ listed for $3,199,000. The two low-end properties are in Redwood City and tie at a list price of $329,000.

Here are the Belmont New Listings for the week:

414 Chesterton Avenue, 3/1, 1080 sf, $715,000
924 Ruth Avenue, 2/1, 850 sf, $729,000 OPEN Sunday 1-4 pm
403 Hiller Street, 3/2, 1310 sf, $730,000
1040 Judson Street, 3/2, 1249 sf, $769,500
2109 Forest Avenue, 4/3, 1970 sf, $948,000
2911 San Juan Boulevard, 4/4+, 2000 sf, $1,050,000
3643 Hillcrest Drive, 5/2.5, 2800 sf, $1,189,000
2813 Alhambra Drive, 3/2.5, 2680 sf, $1,199,000 OPEN Sunday 1-4 pm
2516 Somerset Drive, 4/2.5, 2360 sf, $1,288,000