Peninsula Teardown & Spec-Build Plays — Week of July 16, 2026

Builders are paying about $545/lot-sqft for teardown dirt on the Peninsula — a 1,690 sqft home in San Carlos just sold for $3,000,000 as a land buy, not a house buy. 7 live teardown and spec-rebuild candidates crossed our desk this week, with the lot and structure figures you'd want before underwriting one. Burlingame is running about 106% sale-to-list. Inside: the market pulse by city, recent land-buy comps, fresh demolition permits, and this week's screened candidates.