Peninsula Teardown & Spec-Build Plays — Week of August 04, 2026

Builders are paying about $256/lot-sqft for teardown dirt on the Peninsula. A 1,450 sqft home in San Mateo just sold for $1,950,000 as a land buy, not a house buy. 7 live teardown and spec-rebuild candidates crossed our desk this week, each with the lot, structure and days-on-market figures you'd want before underwriting one. Burlingame is running about 107% sale-to-list with 11 demolition permits filed this period. Inside: the market pulse by city, recent land-buy comps, fresh demolition permits, and this week's screened candidates with their lot-to-structure numbers.