ResourceMonthly Calendar • Message from SAMCAR • Market Update

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

RSVP (ReALToR® Service Volunteer Program) www.samcar.org/RSVP

all day SAMCAR office Closed for Memorial day

MLS Modules 10 a.m. Homepage (Mod1)11 a.m. Search (Mod2)1 p.m. email/save search (Mod3)2 p.m. Customization (Mod4) 3 p.m. CMA/FAQ (Mod5)

7:15 p.m. Giants vs. Marlins$42 (at&t park, san francisco)

5:30 p.m. yPn Mixer(celias, 504 peninsula ave., san mateo)

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 Changes, appReCiation, and MaRketing tools Meet in May!Industry Veteran Chosen For staFF PosItIon We are proud to announce that real estate industry veteran, Paul Stewart is the new Government Affairs Coordinator for SAMCAR. He brings to SAMCAR more than 25 of years of government relations experience. Most recently, he worked as VP for Government Relations for Ridium Renewable Power Corporation. Paul has also served as President and CEO for the Sunnyvale Chamber of Commerce; CEO and GAD for SCCAOR, Director of Public Affairs for the California Apartment Association and Executive Director/GAD for the Home Builders Association. Please welcome Paul! We wish departing Alex Khalfin luck in his new role at the TCAA. Kudos to rsVP Leaders! On May 16 through 18, dozens of SAMCAR volunteers will lend their assistance at the homes of seniors throughout the County during RSVP Week. Special kudos to SAMCAR REALTORS® and RSVP Co-Chairs, Alan Louie and Dave Zigal for their help in making this year’s RSVP week run smoothly. Look for pictures of RSVP week on SAMCAR’s Facebook fansite at facebook.com/samcar.fans natIonwIde oPen house weeKend Be part of an epic home marketing event! During the weekend of June 4 through 5, REALTORS® throughout the nation will be holding their listings open during Nationwide Open House Weekend. NAR is helping spearhead this event and SAMCAR invites you to participate! We will be providing free REALTOR® balloons for you to place on your open house signs and will be working with other real estate association’s to create region wide media interest in this event. Go to www.samcar.org/noHW for more information. re/teCh eduCatIon “Get a Marketing Facelift: Go from old news to Bold news using web Marketing” (Cost: $20)Thursday May 19, 2011 from 1:30 to 3 p.m. Hilda Ramirez (Got2BSocial) a well-regarded real estate social media/web marketing trainer, will teach you how to be an attraction-based marketeer and what it takes to compete as a 2.0 REALTOR®. Learn what influences the search engines and how to get noticed online and capture the attention of prospects using web tools, social site features and strategies to keep clients and attract new ones.

for inquiries regarding editorial content please contact

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

Thursday, May 191:30 to 3 p.m. at SAMCARInstructor Hilda Ramirez (Got2BSocial) | Cost $20

Learn what InFLuenCes the searCh enGInes and how to get no-ticed online and capture the attention of prospects using web tools, social site features and strategies to keep clients and attract new ones.

to register, call (650) 696-8200

Get aMarketing FaceliftGo fromold newsto bold newsUsing WebMarketing

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9:30 a.m. Peninsula Legislative Committee Meeting

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

Pacifica Legislative Committee MeetingMeeting postponed due to C.a.R. meeting date conflict (450 dondee way, suite 7, pacifica)

11:30 a.m. Special eventsCommittee Meeting

8 a.m. GRi 113: Real Property, Tax and exchanging ($149)www.eDesignations.com

10 a.m. Cultural diversity –equal opportunity Committee

JUNE

RSVP (ReALToR® Service Volunteer Program) www.samcar.org/RSVP

all day Legislative day (california state capitol, sacramento)www.samcar.org/legday

11 a.m. Lunch & Learn:Microsoft WoRd Flyer

1:30 p.m. “Get a Marketing Facelift: Go from old news to bold news using web market-ing” ($20)

nationwide open House Weekendwww.samcar.org/NOHW

10 a.m. “Make More & Keep More, When you Become a Certified Risk Management Resource” ($25)11 a.m. Holiday Tour deadline

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

MAy 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 | M

ay 2011

KeeP an eye on your MaILBoxes this month as samcar’s newest publication is on its way to you. The Focus semiannual report is our first ever direct mail publication to our members and covers Association activities and achievements over the past quarter − including pictures of you at our events! While we want you to revel in all the tangible goodness of the print edition, if you just can’t wait you can also get a preview of the Spring 2011 Focus online at

www.samcar.org/Focus

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

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ltors®

Ma

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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 AffairsPaul Stewart, 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 | May 2011M

arke

t Upd

ate MAy 2011 | Market Data

good news: sales Rise65% FRoM FebRuaRy to MaRCh

THE MEDIAN HOME PRICE for a single family home in San Mateo County increased from $634,000 in February to $700,000 in March 2011 a 10% increase, according to sales statistics from SAMCAR as supplied by MLSListings Inc. In comparison, the median price of a home was $800,000 in March 2010, a 12.5% drop year over year. This is a reflection of the tax credit energy still in action from last spring.

Closed sales really popped from February to March. In February there were 221 closed sales countywide. In March, that number increased 65% to 366 and is higher than the 322 recorded in March 2010. Inventory continues to increase, as sellers test the waters. Inventory rose 7 % from 1541 in February to 1651 in March. 675 new homes came on the market in March compared to 692 last year and 574 in February. The percent of list price received dropped from 97.25% in February to 96.60% last month and year over year was 97.87% in 2010. Showing high end buyers are out looking for deals and sellers are making concessions, in Hillsborough the percent of list price sank to 88.70% in March with 20 closed sales. Showing that the investment market is still going strong, East Palo Alto was getting 100.56% with 12 closed sales.

ACTIVE SPRING MARKET ACCORDING TO ALTOS RESEARCH DATAAltos Research’s April 2011 trend charts and housing data for cities in San Mateo County, generally shows a steady pace of price stability with some hiccups in cities like San Carlos and Millbrae. The charts above show that the Peninsula and Coastal markets are showing a healthy spring market.

Data provided by altos Research LLC

The 2011 Spring market is continuing to hold steady asevidenced by trends in the inland and coastal markets.

Median Price for SAn MATeo

Median Price for PACiFiCA

7-day Median Price 90-day Median price