ResourceMonthly Calendar • Message from SAMCAR • Market Update

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8:30 a.m. Combined Meeting(229 w. 20th ave., san mateo)

10 a.m. new PRdSForms.com 2 p.m. young Professionalsnetwork (yPn) group meeting

register for most classes and events

by calling samcar at (650) 696-8200

find the full class schedule online at

www.samcar.org/Education

unless otherwise noted location is samcar 850 woodside way, san mateo

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R SpRing BRingSOppORtunitieS FORHelping SeniORS,getting pOlitically invOlved and getting yOuR MOjO On! Help A Senior Homeowner For rSVp mAy 16 − 18SAMCAR wants you to get a warm, fuzzy feeling. You know that feeling when you help others? Over 80 seniors have requested help from SAMCAR for the annual REALTORS Service Volunteer Project (RSVP) during the days of May 16 through 18. SAMCAR has accepted every application for the past few years. This year we need YOU to ensure we don’t turn anyone away. Volunteer to check homes for basic safety issues (e.g. batteries in smoke detectors). Brighten senior homes with light duty landscaping. Seniors love the company and the help. Get some warm fuzzies and bring your office, too! You can download the Volunteer Form at www.samcar.org/rsvp Questions? Contact Nasreen at SAMCAR at (650) 696-8220 or 2011 RSVP Co-Chair, Alan Louie at aclwired2@gmail.com.

legiSlAtiVe DAy | Hear from your local elected officialsLegislative Day, being held in Sacramento this year on Wednesday, May 4, is an opportunity for REALTORS® to meet with their state legislators to discuss issues affect-ing the real estate industry. Governor Jerry Brown has been invited to address the REALTORS®. Hear from the state’s most dynamic political leaders and the leadership of C.A.R. and meet your local legislators. More information at www.samcar.org/legday or contact Alex Khalfin at (650) 696-8209.

AFFiliAteS 11 For ’11 SerieS | mobile mojoApril 28 from 10:30 a.m. to 12 p.m. at SAMCARBlake Hedlund will teach this free class showing you how to select the right devices, simplify your work habits for productivity, and make smart tech decisions. Devices and Phones Explained; Apps Galore, iPhone, iPad, Blackberry, and Android; Must have techniques and technologies; Lifestyles of the prosperous and productive.

reAltorS® FeDerAl CreDit Union iS All online! The REALTORS® Federal Credit Union provides a new benefit to save you money and an easy way to do online banking with great rates. Access a diverse portfolio of investment products and services, in-depth financial education resources and money management solutions and get competitive rates on home and car loans, as well.For more information go to www.realtorssfcu.org or call their Member Care Center at (866) 295-6038.

for inquiries regarding editorial content please contact

julie ziemelis (public affairs director) juliez@samcar.org

Mobile MojoThursday, April 2810:30 a.m. to 12 p.m. at SAMCAR re/teCH trAiner, blAke HeDlUnD will teach you how to select the right devices, simplify your work habits for productivity, and how to make smart tech decisions.» Devices and Phones Explained» Apps Galore (iPhone, iPad, Blackberry, and Android)» “Must have” techniques / technologies» Lifestyles of the prosperous and productive

this is a Free class. to register, call (650) 696-8200

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8:30 a.m. “GReen” designation core course ($250)

9:30 a.m. Peninsula Legislative Committee Meeting

9:30 a.m. Coastside Legislative Committee Meeting (235 main street, half moon bay)

10:30 a.m. MLS Presentation

9:30 a.m. Pacifica Legislative Committee Meeting(450 dondee way, suite 7, pacifica)

10 a.m. interview with the FBi(+ Meet a Former Judge) ($35)

10 a.m. SiLVAR hosts “At home With diversity”($39 members; $49 non-members) (19400 stevens creek blvd., cupertino) Register: (408) 200-0100

11 a.m. Lunch & Learn:hands-on Microsoft Publisher

11:30 a.m. Special eventsCommittee Meeting

8 a.m. GRi 112: environmental Concerns, Constructionoverview and Land Use ($149)www.eDesignations.com

10 a.m. Cultural diversity –equal opportunity Committee

MAY

42nd Annual Progress Seminar (monterey, ca)www.redwoodcitychamber.com/redwood-city-progress-seminar.php

8:30 a.m. “GReen” designation core course ($250)

12 p.m. SAMCAR office closes at noon

10:30 a.m. Mobile Mojo(Affiliates 11 for ‘11)

10:30 a.m. neW Course Matrix 1

1 p.m. neW Matrix easy 2

APRiL 2011

learn more about upcoming events at

www.samcar.org/Events

view the full calendar online at

www.samcar.org/Calendar

for advertising reservation and pricing information,please contact dalen gilbrech dalen@samcar.org or (650) 696-8206

Monthly Calendar | A

pril 2011

SAMCAR has created a new YPN (Young Professional Network) group. YPN are career-minded real estate professionals who want to stay abreast of the latest tools, resources, and networking opportunities.

Contact Frank Ventofrankmyagent@gmail.com

Tuesday, April 192 p.m. at SAMCAR

Jennifer Tasto, Region 25 Chair

monthly association and market update ofthe san mateo county association of realtors®

Our missiOnSAMCAR is a trade association organized to ensure professionalism, protect property rights, promote the ownership of real property, and help members achieve success.

learn more online at

www.samcar.org

or call us at (650) 696-8200

DisTribuTiOnSAMCAR Resource is published monthly by the San Mateo County Association of REALTORS®, 850 Woodside Way, San Mateo, CA 94401 and distributed to more than 3,000 recipients. E-mail your questions or comments to samcar@samcar.org

bOArD Of DirECTOrsSue Vaterlaus, 2011 PresidentAnne oliva, President-ElectPhillip houston, TreasurerRobert Brisbane, DirectorBobbi decker, DirectorSuzan Getchell-Wallace, DirectorKaron Knox, Directordennis Pantano, DirectorJohn Prouty, DirectorJennifer Tasto, DirectorCorrin Trowbridge, Affiliate DirectorMichael Verdone, DirectorFrank Vento, Directordiane Wilson, Directordavid Zigal, Director

Copyright © 2011 | th

e san m

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ssociatio

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ltors®

mA

sTH

EAD thank you to our

2011 AnnuAl spOnsOrs

gold Carr, McClellan Prof. Law Corp

bronze

The Examiner find more information online at

www.samcar.org/sponsorship

Questions about Sponsorship? Please contact nasreen Willsat (650) 696-8220 or nasreen@samcar.org

EDiTOriAl COnTribuTiOnsSteve Blanton, SAMCAR Executive OfficerMichon Coleman, Director of Government AffairsJulie Ziemelis, Director of Public AffairsAlex Khalfin, Government Affairs Coordinator

ArT DirECTiOn / EDiTOriAl DEsigndalen Gilbrech, Publications Designer

Find monthly sales statistic reports online at www.samcar.org/stats SAMCAR Resource | Market Update | April 2011M

arke

t Upd

ate APRiL 2011 | Market Data

2011 SpRing HOMe MaRket SHOwSit HaS legS

BOUNDiNG BACK FROM A SLUGGiSH JANUARY, the early Spring home market shows signs of strength.

The median home price for a single family home in San Mateo County increased from $587,500 in January to $634,000 in February 2011 an 8% increase, according to sales statistics from the San Mateo County Association of Realtors as sup-plied by the regional Multiple Listing Service. in comparison, the median price of a home was $654,500 in February 2010, a 3% drop year over year.

However, last year at this time, the Federal housing incentive of the first time home buyer tax credit was in full swing and buyers were out in force before the March 31st deadline for the tax credit.

The hot spots were Belmont, where a year ago, the average days on the market reached 229 in February 2010 and this February, the days to sell were a brisk 20. Redwood Shores, another hot market, had an average of 14 days to on the mar-ket in February, and Half Moon Bay at 22 days on the market, down from 158 last month. Overall for the County, the days on the market increased to 84 from 74 in January 2011, most likely due to parts of the market still showing over 100 days on the market.

Closed sales were slightly down from January, to 221 versus 233 in January, with only a slight change year over year of 229 in February 2010.

inventory is increasing, as sellers start the spring market. inventory rose 7% from 1400 in January to 1541 in February.

The percent of list price received rose overall to 97.25% in February from 96.47% last month and year over year of 96.83% in 2010. The hot spot seemed to be in Millbrae where sellers were receiving 106.88% of list price and in Redwood Shores, sellers received 102.50%.

A TALE OF TWO CiTiESAccording to data from Altos Research, the median price for a home in Millbrae shot up over $100,000 as supply tightened and inventory dropped during the last week in February and the first few weeks of March. Conversely, the South San Francisco market shows prices decreasing, inventory levels rising, and days on the market rising.

Median Price for MiLLBRAe

7-day Median Price 90-day Median price

Median Price for SoUTh SAn FRAnCiSCo

Data provided by Altos Research LLC