- Lisa M. Lum, REALTOR®
- Posts
- Lisa's Market Minute
Hello, July
The hardest number to change is the one with a story behind it.
We all have one. The salary from your best year. What the portfolio touched in 2021. What the house next door sold for in 2025.
Those numbers stay with us because they hold a good chapter. The offer letter. The year everything worked. The bidding war two doors down.
June wrote two kinds of stories on the Peninsula.
In Burlingame, homes priced on this year's numbers had offers within eight days, above asking. In Los Gatos, homes priced on last year's are still waiting for their buyer, six weeks on. Nothing is wrong with those homes. The market just reads one chapter at a time, and it is always the current one.
And the current chapter is a good one. Across most of the Peninsula, homes are selling quickly and above asking.
So here is where things stand this month.
-Lisa
THE JUNE REPORT
San Mateo County - Market Housing Statistics
Single Family Residential | June 2026
San Mateo County Area Report
Santa Clara County - Market Housing Statistics
Single Family Residential | June 2026
Santa Clara County Area Report
IN THE NEWS
 | San Francisco's Comeback Is Fully UnderwaySan Francisco's luxury market is back, and AI wealth is the engine. Pending sales hit their highest level since May 2022, inventory stays scarce, and bidding wars are back. The affluent are feeling rich again. |
 | June 2026 Silicon Valley Housing Market Report: The Heat Moves Down-MarketSilicon Valley's housing heat just moved down-market. San Mateo County sales jumped 16% on 1.1 months of supply, while the fiercest bidding shifted to the $2M to $3.5M tier. Trophy-town dips were mix, not correction. |
 | These new California laws go into effect July 1, including SB 79A batch of new California laws just took effect: clearer food expiration labels, apartments allowed near transit stops, traffic tickets for robotaxis, phone limits in every school, and higher minimum wages in some cities. |
 | Where the AI money is actually goingThe AI boom isn't cooling Silicon Valley's housing market, it's supercharging it. Bay Area luxury buyers now put a median 35% down, roughly $198,000 more than in 2022, as equity wealth reshapes who can compete. |
 | Eleven acres of empty offices in Belmont and Redwood City may become homesA new 400-unit neighborhood is coming to Belmont and Redwood City. Baywest's 11-acre Island Parkway plan mixes single-family homes, townhomes, and a seven-story apartment complex, all within a short walk of Belmont Caltrain. |
SCHOOL SHOPPING GIVEAWY
 ENTRY DATES: JULY 9-31 | School Shopping GiveawayThere's no better way to celebrate heading back to class than with a shopping spree. Winners of our giveaway will be awarded a Target GiftCard, compliments of Lisa - Coldwell Banker Realty. The drawing will take place on or around August 1 – enter today! GRAND PRIZES ADDITIONAL PRIZES |
SCHEDULE A CALL
Lisa M. Lum
DRE #02005150
Mobile: +1 (650) 668-1868 | Email: [email protected]
Coldwell Banker Realty
1706 El Camino Real, Suite 220, Menlo Park, CA 94027
