What slowdown? Despite rampant talk of a real estate slowdown, and some evidence to support this "leveling" trend or "soft landing," the market continues to post strong sales comps for accurately priced, well-located homes. And demand for these homes remains strong.

The MLS will soon post the #1 Burlingame sale of the year...at well over three million dollars. Check the blog today or tomorrow for details. Hillsborough has also posted 2 sales over $8,000,000 this year, including 707 Irwin, which lasted only 19 days on the market and was bid up by nearly $700,000 with multiple offers. And also Hillsborough's #1 sale this year at $9,000,000 on El Arroyo Road. Burlingame Hills posted a closed sale today at 3115 Canyon Road that sold for $281,000 above its asking price ($1,499,000 list; $1,780,000 sale) And in San Mateo's Aragon, 144 Castilian was recently snapped up with over 5 offers for nearly $150,000 over asking price. (offered at $1,499,000; closed this week for $1,642,745)

The moral of the story? Demand remains strong, and accurate, attractive pricing has become more important than ever for sellers. Those listings that become "shopworn" and remain on the market for 3 weeks or more are most susceptible to the influence of a leveling market. Those listings that are perfectly priced and marketed have still proven to command top dollar, and the familiar ring of multiple offers.