10 offers here, 20 offers there, it’s a trend of supply and demand that hasn’t shown any signs of stopping! While summer time is usually the time where people put their homes up for sale, there is currently 8 homes for sale in San Bruno and 16 in South City. Inventory is at an all time low while prices have hit an all time high since 2006!
Interest rates have gone up to 4.5% for a 30 year fixed loan but that hasn’t stopped the mad rush to buy a home!
If you check the Sunday open houses, they are still very busy. It is common for a home to only be marketed for a week or two with a date set to review offers. Getting offers accepted can often mean “all cash” is king but not always. Many times an offer gets accepted because of a very nicely written letter and picture from the buyer, especially if they have something in common with the seller!
Find out what's happening in San Brunowith free, real-time updates from Patch.
Karin Cunningham-Prudential California Realty-180 El Camino Real, San Bruno, Ca. 94066 650-438-3504