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
APRIL 2011
Message from SAMCAR
Spring Brings Opportunities For Helping Seniors, Getting Politically Involved and Getting Your Mojo On! Help A Senior Homeowner For RSVP May 16 − 18 SAMCAR wants you to get a warm, fuzzy feeling. You know that feeling when you help others? Over 80 seniors have requested help from SAMCAR for the annual REALTORS Service Volunteer Project (RSVP) during the days of May 16 through 18. SAMCAR has accepted every application for the past few years. This year we need YOU to ensure we don’t turn anyone away. Volunteer to check homes for basic safety issues (e.g. batteries in smoke detectors). Brighten senior homes with light duty landscaping. Seniors love the company and the help. Get some warm fuzzies and bring your office, too! You can download the Volunteer Form at www.samcar.org/rsvp Questions? Contact Nasreen at SAMCAR at (650) 696-8220 or 2011 RSVP Co-Chair, Alan Louie at aclwired2@gmail.com. Legislative Day | Hear from Your Local Elected Officials Legislative Day, being held in Sacramento this year on Wednesday, May 4, is an opportunity for REALTORS® to meet with their state legislators to discuss issues affecting the real estate industry. Governor Jerry Brown has been invited to address the REALTORS®. Hear from the state’s most dynamic political leaders and the leadership of C.A.R. and meet your local legislators. More information at www.samcar.org/legday or contact Alex Khalfin at (650) 696-8209. Affiliates 11 for ’11 Series | Mobile Mojo April 28 from 10:30 a.m. to 12 p.m. at SAMCAR Blake Hedlund will teach this free class showing you how to select the right devices, simplify your work habits for productivity, and make smart tech decisions. Devices and Phones Explained; Apps Galore, iPhone, iPad, Blackberry, and Android; Must have techniques and technologies; Lifestyles of the prosperous and productive. REALTORS® Federal Credit Union Is All Online! The REALTORS® Federal Credit Union provides a new benefit to save you money and an easy way to do online banking with great rates. Access a diverse portfolio of investment products and services, in-depth financial education resources and money management solutions and get competitive rates on home and car loans, as well. For more information go to www.realtorssfcu.org or call their Member Care Center at (866) 295-6038. for inquiries regarding editorial content please contact julie ziemelis (public affairs director)
juliez@samcar.org
register for most classes and events by calling samcar at
(650) 696-8200
unless otherwise noted location is samcar
850 woodside way, san mateo
Monday
Tuesday
28
29
4
5
11
12
18
10 a.m. New PRDSForms.com
25
19
8:30 a.m. Combined Meeting (229 w. 20th ave., san mateo)
2 p.m. Young Professionals Network (YPN) group meeting
26
find the full class schedule online at
www.samcar.org/Education
Mobile Mojo
Thursday, April 28 10:30 a.m. to 12 p.m. at SAMCAR RE/Tech trainer, Blake Hedlund will teach you how to select the right devices, simplify your work habits for productivity, and how to make smart tech decisions. » Devices and Phones Explained » Apps Galore (iPhone, iPad, Blackberry, and Android) » “Must have” techniques / technologies » Lifestyles of the prosperous and productive This is a FREE class. To register, call (650) 696-8200
April 2011
view the full calendar online at
www.samcar.org/Calendar Wednesday
Thursday
30
31
6
7
Friday
1
9:30 a.m. Pacifica Legislative Committee Meeting (450 dondee way, suite 7, pacifica)
8
10 a.m. SILVAR hosts “At Home With Diversity” ($39 members; $49 non-members) (19400 stevens creek blvd., cupertino) Register: (408) 200-0100
10 a.m. Interview with the FBI (+ Meet a Former Judge) ($35)
13
9:30 a.m. Coastside Legislative Committee Meeting (235 Main Street, Half Moon Bay)
14
10:30 a.m. MLS Presentation
20
Saturday
8 a.m. GRI 112: Environmental Concerns, Construction Overview and Land Use ($149) www.eDesignations.com
Sunday
2
3
9
10
16
17
11 a.m. Lunch & Learn: Hands-on Microsoft Publisher
15
42nd Annual Progress Seminar (monterey, ca) www.redwoodcitychamber.com/redwood-city-progress-seminar.php
10 a.m. Cultural Diversity – Equal Opportunity Committee
8:30 a.m. “GREEN” designation core course ($250)
21
8:30 a.m. “GREEN” designation core course ($250)
22
12 p.m. SAMCAR office closes at noon
23
24
28
10:30 a.m. Mobile Mojo (Affiliates 11 for ‘11)
29
10:30 a.m. NEW Course Matrix 1
30
01
9:30 a.m. Peninsula Legislative Committee Meeting
27
11:30 a.m. Special Events Committee Meeting
learn more about upcoming events at
www.samcar.org/Events
MAY
1 p.m. NEW Matrix Easy 2
for advertising reservation and pricing information, please contact dalen gilbrech
dalen@samcar.org or (650) 696-8206
advertisement
Tuesday, April 19 2 p.m. at SAMCAR
Contact Frank Vento frankmyagent@gmail.com
Monthly Calendar | April 2011
SAMCAR has created a new YPN (Young Professional Network) group. YPN are career-minded real estate professionals who want to stay abreast of the latest tools, resources, and networking opportunities.
Find monthly sales statistic reports online at www.samcar.org/stats
SAMCAR Resource | Market Update | April 2011
Market Update
Median Price for MILLBRAE
April 2011 | Market DatA
2011 Spring Home Market Shows It Has Legs
The median home price for a single family home in San Mateo County increased from $587,500 in January to $634,000 in February 2011 an 8% increase, according to sales statistics from the San Mateo County Association of Realtors as supplied by the regional Multiple Listing Service. In comparison, the median price of a home was $654,500 in February 2010, a 3% drop year over year. However, last year at this time, the Federal housing incentive of the first time home buyer tax credit was in full swing and buyers were out in force before the March 31st deadline for the tax credit. The hot spots were Belmont, where a year ago, the average days on the market reached 229 in February 2010 and this February, the days to sell were a brisk 20. Redwood Shores, another hot market, had an average of 14 days to on the market in February, and Half Moon Bay at 22 days on the market, down from 158 last month. Overall for the County, the days on the market increased to 84 from 74 in January 2011, most likely due to parts of the market still showing over 100 days on the market. Closed sales were slightly down from January, to 221 versus 233 in January, with only a slight change year over year of 229 in February 2010.
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
90-day Median price
Data provided by Altos Research LLC
Inventory is increasing, as sellers start the spring market. Inventory rose 7% from 1400 in January to 1541 in February. The percent of list price received rose overall to 97.25% in February from 96.47% last month and year over year of 96.83% in 2010. The hot spot seemed to be in Millbrae where sellers were receiving 106.88% of list price and in Redwood Shores, sellers received 102.50%. A Tale of Two Cities According to data from Altos Research, the median price for a home in Millbrae shot up over $100,000 as supply tightened and inventory dropped during the last week in February and the first few weeks of March. Conversely, the South San Francisco market shows prices decreasing, inventory levels rising, and days on the market rising.
Editorial Contributions
Steve Blanton, SAMCAR Executive Officer Michon Coleman, Director of Government Affairs Julie Ziemelis, Director of Public Affairs Alex Khalfin, Government Affairs Coordinator
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 find more information online at
www.samcar.org/Sponsorship Jennifer Tasto, Region 25 Chair
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
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.
7-day Median Price
Copyright 息 2011 |
MASTHEAD
Median Price for SOUTH SAN FRANCISCO
Bounding back from a sluggish January, the early Spring home market shows signs of strength.