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2013
May 07

San Mateo County: Best of Tour 5/7/13

By
Ali Gilmartin

This Best Of Tour consists of the homes I viewed on Tuesday, May 7th, 2013 in BurlingameHillsboroughMillbrae, and San Mateo California. The main parameter that I am looking for when touring home is Value!  In total I viewed 14 homes and found 2300 Valdivia Way in Burlingame with an asking price of $598,000.

ValdiviaWyFront

Tucked away at the end of a quiet cul-de-sac, this well-maintained home with pool presents charming vintage appeal on an expansive oak-studded lot. Filled with natural light from picture windows and French doors, the flowing single-level design boasts two wood-burning fireplaces,a pub-style bar, dedicated office, and professional size billiard table. The open living and dining area creates a main gathering point for entertaining, while a sunny family room is the gateway to an effortless indoor/outdoor flow to the terraces. A separate wing with 3 bedrooms and 2 bathrooms includes a lovely master suite with en suite bath. Outside, the lush park-like property offers multiple spots for recreation and lounging, and towering oak trees instill a delightful feeling of privacy. Completing the appeal is the home’s ideal location with access to fine shopping and dining in Downtown Burlingame, outdoor recreation at Mills Canyon Park, and exceptional local schools.

When it comes to a true value proposition 2300 Valdivia Way in Burlingame wins today's Best Of Tour!
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2013
May 05

2013 Hillsborough 1st Quarter Review

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Click on the video below to watch Dan Gilmartin, Executive Vice President of the Gilmartin Group, discuss the 2013 1st Quarter Review for Hillsborough!



For more information on the Hillsborough market, give us a call at 650-348-2020. We are here to help you with all of your Real Estate needs!
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2013
April 21

10 Steps To Writing A Good Offer Steps 1, 2 & 3

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Watch Dan Gilmartin go through the 10 steps to writing a good offer organized into 4 short segments.

 


In this segment Dan talks about Steps 1, 2 & 3

Step 1: Meet with a mortgage broker and go over the different options they can provide you and get them all the documentation they will need in order to get you a pre-approval letter.

Step 2: Once you have found the perfect home, it's time to gather all the information about the home. Are there inspections? Do we need special inspections for a closer look?

Step 3: What is going on in the market around the home? What is for sale? What has sold? What is the current market condition?
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2013
April 21

10 Steps To Writing A Good Offer Steps 4 & 5

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Watch Dan Gilmartin go through the 10 steps to writing a good offer organized into 4 short segments.

 


In this segment Dan talks about Steps 4 & 5

Step 4: How many disclosure packets are out?

Step 5: What are the sellers needs, when do they need to close and what are their moving plans?
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2013
April 20

10 Steps To Writing A Good Offer, Steps 6, 7 & 8

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Watch Dan Gilmartin go through the 10 steps to writing a good offer organized into 4 short segments.

 

In In In this segment Dans talks about Steps 6, 7 & 8

Step 6:  Put down 3% for your initial deposit.

Step 7:  Put down the largest down payment you can afford.

Step 8: Keep your contingencies as short as possible. Do inspections before you submit your offer!

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2013
April 20

10 Steps To Writing A Good Offer, Steps 9 & 10

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Watch Dan Gilmartin go through the 10 steps to writing a good offer organized into 4 short segments.

In this segment Dan talks about Steps 9 & 10

Step 9: After reading all the disclosures, sign off on every page acknowledging you have read them.

Step 10: Present the offer.  Have a copy of your check. Show proof of funds. Write a letter to the seller.

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2013
April 18

Burlingame Avenue is being revamped!

By
Burlingame Avenue is being revamped!

 

BurlingameAve

On April 8, 2013, Mayor Ann Keighran and City Council members kick started the $16.5 million project at Groundbreaking Ceremony. Over the next 14 to 16 months Robert A. Bothman, Inc. of San Jose ("RAB") will be managing the construction. The project has two purposes:

1) Installing and replacing all city utilities and asphalt concrete pavements
2) Constructing a new decorative downtown. Funding will come from grants, parking meter rates, gas taxes, and utility and transportation funds.
"The proposed design includes:
- Changing the angled parking to parallel parking in order to widen the sidewalks.
- Additional sidewalk and paving improvements to enhance street activities such as strolling, outdoor dining, seating, lighting, landscaping, and art.
- Generous parallel parking spaces to ease traffic congestion.
- At-grade sidewalk bulb-outs at intersection corners to allow for additional pedestrian areas and improve safety at street crossings."

All-in-all... The downside is that we will lose some parking spots, as it changes from slanted to parallel parking. The exciting upside is that we will have a beautiful, inviting downtown that will truly be a destination.

This Streetscape Improvement Project is anticipated to be complete by the end of summer 2014!
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2013
April 16

Inventory Report

By
Dan Gilmartin
Inventory Up, Ever so Slightly

Inventory was up a scant 5.6% in March from February. Year-over-year, inventory was off 45.3%.

The lack of inventory has created a raging sellers’ market, and yet, most homeowners are staying on the sidelines.

If they choose to sell, then they will be in this uber-competitive market and have to pay a premium for their next home. The only winners are those homeowners who are planning on moving out of the area.

Demand is so high, that most properties are getting multiple offers with sellers often taking the offers that are all-cash with no contingencies.

Until inventory increases, this market will continue.

March Market Statistics

Sales of single-family, re-sale homes continue to be impacted by the lack of inventory. Sales were down 27.1% last month compared to March 2012 where 355 homes sold. The average number of homes sold per month over the past ten years is 415.

The median price for homes jumped 38.1% year-over-year. The median price has been higher than the year before for the past ten months.

The sales price to list price ratio has been over 100% for the past twelve months.  It was 104.8% in March, which is the highest the ratio has been since June 2005 when it was 105%.

The average price for homes is up 38.2% year-over-year while pending home sales were down 30.3% year-over-year. This is the fifth month in a row pending sales have been down, portending a slow first half in 2013.

For all of your Real Estate Needs, call The Gilmartin Group at 650-348-2020. We are happy to discuss the market with you in further detail anytime!

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2013
April 11

Another home sold by the Gilmartin Group!

By
Paul Beaudreau

Congratulations to the Baros Family for closing on their new home today on 429 Hazelwood in South San Francisco!

Congratulations

After living in the East Bay for 5 years Jasmin Baros and her family are ecstatic to be back in the neighborhood in which she grew up. Now her children are only blocks away from Grandma Rose and Grandpa Charlie.

Here at the Gilmartin Group not only do we bring buyers and sellers together but we bring families together as well!

Call us today for your free evaluation!  650-348-2020

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2013
March 28

Local Real Estate in the News!

By
Joanna Lem

The Bay Area Real Estate Market is Heating Up!

The Spring selling season is off to a fast start this year as restricted supply meets strong demand!  Click on the picture below to check out a video on local real estate coverage in the news!

 

CBS Photo

 

For all of your real estate needs, contact The Gilmartin Group Today!  650-348-2020

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2013
March 26

San Mateo County Best of Tour 3/26/13

By
Dan Gilmartin
This Best Of Tour consists of the homes I viewed on Tuesday, March 26th, 2013 in BurlingameHillsboroughMillbrae, and San Mateo California. The main parameter that I am looking for when touring home is Value!  In total I viewed 14 homes and found 1467 Cabrillo Avenue in Burlingame with an asking price of $2,275,000.

Cabrillo_1467

This charming modern and chic Tudor has been remodeled and updated throughout. The main floor features a bedroom and full bath while the upstairs features the master bedroom and 2 additional bedrooms upstairs. A beautiful kitchen/great room leads to a lovely yard.  This home is private and secure with automatic driveway gate within walking distance to schools.  Located in an excellent commuter area with easy access to freeways, BART and Caltrain.

When it comes to a true value proposition 1467 Cabrillo Avenue in Burlingame wins today's Best Of Tour!
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2013
March 26

The Condominium Market is RED HOT!

By
Ali Gilmartin
When speaking about the Real Estate Market in the Mid-Peninsula (From South San Francisco to Redwood City) most people are not considering the market in terms of just Condominiums.  Everyone is hearing that the market is hot, but when it comes to condominiums it is RED HOT.  We track the inventory report for the 50,000 homes on the Mid-Peninsula to determine which direction the market is moving in and for condominiums especially, inventory is way down. Supply is low and DEMAND is up.

When looking at the Inventory in 2011 during the last week of March there were 268 condominiums for sale.  In 2012 during the last week of March there were 112 condominiums for sale. Today there are a total of ONLY 68 condominiums for sale. By just looking at the numbers you can see that this lack of inventory is creating a seller’s market, with multiple offer scenarios, and homes selling for over the asking price!

We, at The Gilmartin Group, have personally experienced this as we have sold 4 condominiums in the last 6 months -- all with MULTIPLE offers!  Our most recent example is 1515 Floribunda #306 in Burlingame.  This home was on the market for just 7 days and we received two offers both over the asking price!  Click on the photo below for more information on this home and additional photos!

Floribunda


Also, make sure to check out our most recent listing 153 N. San Mateo Drive #209 in San Mateo before it sells right away!

San Mateo Drive_153

Call today to arrange your private tour: 650-348-2020 -- For comprehensive representation from A to Z, call The Gilmartin Group today!
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2013
March 20

San Mateo County Best of Tour: 3/19/13

By
Dan Gilmartin

This Best Of Tour consists of the homes I viewed on Tuesday, March 19th, 2013 in BurlingameHillsboroughMillbrae, and San Mateo California. The main parameter that I am looking for when touring home is Value!  In total I viewed 16 homes and found 2909 Sunset Terrace in San Mateo with an asking price of $899,900.

 

2909 Sunset Terrace

Exceptional San Mateo Terrace home showing pride of ownership. Nicely updated home with 3 bedrooms and 2 baths, living room with wood burning fireplace, updated kitchen with eat-in area, large rear yard, lawn, and covered patio. Panoramic Bay Views!

When it comes to a true value proposition 2909 Sunset Terrace in San Mateo wins today's Best Of Tour!

In terms of condominium value, our listing at 1515 Floribunda in Burlingame is by far the best of tour for condos/townhomes!  Check out our website for more photos, additional information and a virtual tour:  http://www.thegilmartins.com/1515-Floribunda-306

1515 Floribunda
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2013
March 18

Foster City Market Update

By
Kelley Michelucci

Happy Days are here again! The old peak values in Foster City are being eclipsed. Right now, there are only 4 homes currently available for sale.   Since the beginning of 2013, 19 homes have been listed for sale and 16 homes have sold.  Of those that have closed escrow nearly every home sold for more than their asking price!  The highest sale belongs to 612 Greenwich Lane, a 5 bedroom and 2.5 bathroom home selling for $1,630,000.

The Gilmartin Group listed 397 Tampa Court --  it sold in January within one week of being on the market!  We had 10 offers on the property and ended up selling it for $72,000 over the asking price!

Call The Gilmartin Group today for all of your Real Estate Needs:  650-348-2020

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2013
March 14

A New Digital Listing Presentation!

By
Maureen Gilmartin

 

Hi everyone!
I just have to share that the most exciting thing happening for me today is learning all about our new digital listing presentation!   For months, Dan Gilmartin has been working on putting together all of the pieces of the puzzle for a truly state of the art listing presentation.   The team finally got to see the finished product yesterday and it's incredible!!

With this new presentation Dan has taught our team how to digitally illlustrate and explain, "The Art of Real Estate" which is what The Gilmartin Group is all about!  Right now, I'm focused on practice, practice, practice.  I will be ready to deliver this presentation to potential new clients in about a week.  You are never too old to learn something new!!!   I am so excited about this and can't wait to share it with you!!
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