Half Way In May

With May now more than half over and the Memorial Day Weekend approaching to kickoff the Summer vacation season, it is a good time to check-in and see how sales totaling up for the month.

Traditionally, the end of each month is stronger for closes but the more sales you rack up early in the month the stronger the month tends to be for sales.

Given that trend May is not shaping up to be very strong. So far sales are trickling in, just eight in the first 15 days. Sales were split between four condominiums and four single family homes as well as four sales in the 94501 and four in the 94502. The low sale was a two bedroom condo for $235,000. The high sale was a $670,000 four bedroom home on Bay Farm.

May 2008 posted 41 sales, given the trend it will be difficult to match last year's sales totals.

The sales generated $4.2 Million in transactions with an average sale price of $525,000. On a square-foot basis the condos averaged $330 per square foot and the single family homes average $360.

. 5/1/2009 351 MAGNOLIA DR 94502 SFR 4 3 2149 $699000 $670000 . 5/4/2009 1535 LINCOLN LN 94501 SFR 3 2 1476 $589000 $570000 . 5/5/2009 30 AUGHINBAUGH WAY 94502 CONDO 3 2 1516 $630000 $586000 . 5/7/2009 1420 FERNSIDE BLVD 94501 SFR 3 2 1566 $659000 $630000 . 5/12/2009 1311 WEBSTER ST. #E118 94501 CONDO 2 1 843 $235000 $235000 . 5/13/2009 47 BANNISTER WAY 94502 SFR 3 2 1772 $639000 $605000 . 5/14/2009 3001 FLORA VISTA 94502 CONDO 3 2 1628 $489000 $489000 . 5/15/2009 1810 CENTRAL AVE #310 94501 CONDO 2 2 1170 $418000 $415000