Stanley Lo’s Opinion on Current Market Status & Trends

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The news state that the current market has slowed down. Is this true?

Answer: This may be true for much of the U.S., but not for the Bay Area. In my opinion, we are living in a golden area of real estate. In comparison to other regions, our adjustments are soft. While there isn’t enough vacant land available to build new single-family residences, there is a continuous stream of new jobs being created in the biotech & tech industries. Whereas other regions see little demand with an overflow of supply with new development, the Bay Area has a steady demand despite its limited supply.

What houses are selling in our area? What homes are selling slow?

Answer: Houses of value with distinctive features such as: sizeable lot, beautiful view, substantial square footage, great location, etc. In addition, new houses and/or homes that are at least modernized and totally remodeled are also selling. For homes valued over $12M, sales have increased 40% more from last year - this is due to more wealthy home buyers ability to purchase new & remodeled homes. What is not selling are homes that are outdated or have not seen improvements, over-priced, minimum flat yard, and located in areas where the public schools’ scores are low.

What is the actual data when comparing last year’s third quarter to this year’s third quarter?

Answer: In San Mateo County

 

July 2018 vs 2019

August 2018 vs 2019

Sept 2018 vs 2019

Total Volume

1.2% decrease

0.2% decrease

8.6% decrease

Avg. $/SqFt.

0.4% decrease

1.3% decrease

1.3% decrease

Days on Market

2018
26 Days

2019
28 Days

2018
24 Days

2019
27 Days

2018
24 Days

2019
31 Days

*The table below shows the increase of inventory that spent X amount of days on the market this year in comparison to last year.

Days on Market

July 2018 vs 2019

August 2018 vs 2019

Sept 2018 vs 2019

Less than 90 days

8% increase

0.5% increase

8.2% decrease

91 to 180 days

39.6% increase

9.8% increase

9.7% increase

Over 181 days

27.7% increase

13% increase

21.9% increase

Why should Stanley Lo be your #1 choice to sell your home?

Answer: It’s no secret - I work 18 hour days, 7 days a week. My overall sales record amounts to $6B, and I have a staff of full-time professional assistants. I have closed more than 6,000 escrow transcations and my experience is unbeatable. If you’re thinking of selling your property right now, I recommend you to seriously consider the best listing agent to work with. Despite the slight downturn of the real estate market in the Bay Area, many interested sellers look for an individual agent (not a large company) who has a proven sales record, the ability to a have personal face-to-face interaction, the willingness to invest money into their listing, and with a professional full-time staff who will provide white-glove customer service. I can offer you this and more!


Several of the defining services I offer also includes a lower commission rate, white-glove Royal Service, high-end marketing materials (such as full-color brochures) through an in-house publishing company, advertising, investing my profit back into technology, and a staff of full-time professionals. My staff members have experience in crucial areas such as escrow coordinating, IT, and graphic design. At this same time last year (2018), my sales volume was $240M. So far in 2019, my current sales volume has reached over $352M, which means an increase of 47% over the last year. All these attributes on my part come together to help you achieve the ability to pocket more money. Your happiness is my #1 priority above all.

In conclusion, San Mateo only had a soft decrease - so don’t wait! The market can possibly go back to the way it was back in 2008; which experienced a huge drop in the real estate market. Catch the tail end of a good market now! If you want to sell, I am here to help you pocket more money!

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