AGENT MLS HOME FINDER

The San Bruno real estate market seems to have hit something of a bump recently, which is somewhat typical considering that the summer months are typically quite rough for the housing market.  San Bruno is basically a highly residential suburb of San Francisco, which means that Bay Area figures for home sales and prices are an excellent indication of the health of the San Bruno market.  According to a September 19, 2009 article in The Street, the market in San Francisco and San Bruno by extension has recently encountered something of a dip. The piece, which was originally published in DQNews, noted that “Bay Area home sales bucked the seasonal norm and fell last month from July, though they remained higher than a year ago for the 12th consecutive month. The region’s overall median sale price also declined as a greater portion of sales occurred in more affordable areas, a real estate information service reported.”

An article originally published by Reuters and published on the WKZO website noted much of the same sentiment. According to this piece, released on September 17, 2009, “Home sales in the San Francisco Bay area fell 14.3 percent in August from July as buyers found fewer bargains due to a slimmer inventory of foreclosed properties, MDA DataQuick said on Thursday.” The real estate reporting service stated that “A thinner inventory of distressed properties for sale, hence fewer ‘bargains’, helps explain the relatively sharp drop in sales between July and August. The number of foreclosed properties that resold in August fell 15.2 percent from July.”

Real estate in San Bruno and the rest of the Bay Area was in a more mixed state according to a September 17, 2009 article in the San Francisco Business Times, which found that “Bay Area home sales fell last month compared with July though year-over-year monthly sales increased for the 12th consecutive month.” San Bruno homes for sale were somewhat better off according to the same piece, which stated that “San Diego-based MDA DataQuick said the region’s overall median sale price dropped, as a greater portion of sales occurred in a more less expensive areas.”