San Bruno Sales Spike Up
November 2, 2010 by admin
Filed under california
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The San Bruno real estate market observed a healthy spike in a number of key indicators in September. Despite economists’ fears of a double dip recession, buyers have been snatching up homes due to low price points and attractive mortgage interest rates. This resulted in favorable numbers last month for real estate here as a whole.
According to data from MLSListings, San Bruno saw its average home price increase nearly 15 percent to $587,000 in September. The median price of a San Bruno single family residence rose 7.8 percent to $566,000.The average number of days on the market fell by 10 percent to 52 days, while homes sold at nearly 97 percent of their listing price.
http://sanbruno.patch.com/articles/real-estate-market-showed-signs-of-growth-in-september
