Sales activity at a nice clip over the last month...the theme: strong sales with very low DOM for well priced prime locations...OR.. homes with higher DOM finally getting scooped up as deals by a healthy backlog of available buyers...shaping up to be a nice spring the last 30 days. As I was compiling this list I was pleasantly surprised at the volume and even some multiple offers.  FYI, many of the sales below were reported when they were new listings in my April 22 blog: http://www.geoffreynelson.com/Market-Shows-Signs-Of-Picking-Up-At-All-Price-Points

Here is a summary of some recent sales with Low DOM:

• 1135 Drake, Burlingame Easton Addition. Lasts just 2 days on market at $1,998,000
• 322 Sonora, San Mateo Aragon. Sold with 7 days on market. $1,469,000. Previously listed in the doldrums of Fall 08 for $1,730,00
• 492 Parrott Drive, San Mateo Bayood. List $2,395,000. 17 days on market.
• 400 Chapin Lane, Burlingame Park. List $2,900,000. 13 days on market.
• 720 Bromfield, Lower North Hillsborough. Just closed over asking with 5 days on market. Listed $2,995,000...sells at $3,053,000
• 15 Glenbrook, Hillsborough. Sells with 15 days on market. List $4,684,500
• 321 Glendale, Hillsborough. Sells with multiple offers 17 days on market. List $2,295,000
• 351 Fairfax, San Mateo Baywood. Sells over asking with only 6 days on market. List $1,989,000..sells at $1,998,750
• 22 Seville, San Mateo Aragon. 5 days on market. List $1,298,000
• 25 Seville, San Mateo Aragon. 15 days on market. List $1,459,000
• 511 Carmel Circle, San Mateo Parrott Park. 15 days on market. List $1,599,000 (deal fell through...back on market)
• 1612 Easton, Burlingame Easton Addition. 16 days on market. List $1,350,000 (pending contingent on sale of another property)

Here is a list of homes that have recently gone into escrow with Higher DOM. Many of these homes experienced price reductions and most likely will close well under asking:

• 10 Summerholme, Lower North Hillsborough List $3,075,000
• 105 West Poplar, San Mateo Park. List $1,890,000. 15,000 ft. lot.
• 519 Carmel Circle, San Mateo Parrott Park. List $1,275,000
• 741 Oregon, San Mateo Baywod Knolls. List $1,249,000
• 421 Avila, San Mateo Aragon. List $1,299,000
• 333 Georgetown San Mateo Baywood. List $1,325,000
• 526 Virginia, San Mateo Baywood. List $1,349,000
• 1334 Ashwood Court, San Mateo List $1,359,000.
• 2109 Hillside Drive, Burlingame Easton Addition. List $1,435,000
• 1491 Benito, Burlingame Easton Addition. List $1,525,000
• 341 Seville, San Mateo Aragon. List $1,389,000
• 1417 Edinburgh, San Mateo Homestead. List $1,275,000
• 950 Hillsborough Blvd. Lower North Hillsb. List $2,689,000
• 1050 Tournament, Hillsborough. List $2,499,000

In summary, while we certainly have not yet returned to a seller's market, there are strong indications this spring, at all price points, of qualified buyers entering into the market and performing aggressively (sometimes even competing) on well-priced homes within their first two weeks on the market. The above homes are all "prime locations" and if in fact, we are beginning to see some recovery and momentum, the prime locations will continue to rise in demand, and they will surely be pivotal in carrying us into the next solid upswing.