Economic Concepts

Economic Concepts Michael Verdone began his real estate career in 1974, and at the end of that first year, was honored as the #1 selling and listing agent in his office.

Within two years, Michael achieved his Broker's License and began Verdone Commercial Brokerage, specializing in income-producing properties and limited partnerships all at the age of 21. With a degree in both Finance and Economics and experience in knowing what it takes to construct a home, Michael gravitated to residential real estate and founded Economic Concepts in 1978. Mike Verdone, a third-g

eneration Realtor, and Broker, joined the family business in 2012. After graduating from UCSD with a degree in Psychology and a focus in Business, Mike uses his interpersonal communication skills and video technology to enhance client presentations. The Verdone Team has a passion for real estate and both Brokers have gained tremendous recognition for being one of the top agents in San Mateo and Santa Clara County. They truly believe that honesty and looking out for a client's best interest are crucial to achieving success, utilizing state-of-the-art video marketing techniques to effectively sell homes. Throughout his career, Michael has shown the ability to excel professionally by offering specialized and extensive real estate and financial knowledge; his Certified Residential Specialist (CRS), Accredited Buyer Representative (ABR), and Graduate Realtors Institute (GRI) designations are just such examples of his commitment to excellence. Michael is dedicated to his client's total satisfaction by offering them a 100% unconditional guarantee of his service and results and a no-hassle, non-binding listing contract to sellers. Michael remains active as a Neighborhood Association Co-chair, Past Chair of the Planning Commission, and Housing and Human Concerns Committee, along with a half dozen youth-orientated charities. The Verdone Team handles all properties, from starter homes to multi-million dollar estates, including commercial and income properties, divorce, and trust sales. Risk management is paramount in every transaction for the benefit of all parties, and we listen carefully to avoid these pitfalls to ensure a successful, stress-free purchase or sale. We look forward to EARNING your business.

02/13/2026

Check out this 4 bedroom/3 bath 2,380 sf Victorian on a huge 9,000 sf lot by downtown San Mateo with detached garage and carriage house... perfect for an ADU. $2,375,000.

Open Sat. 1-3pm, Sun. 11-1pm. 137 Elm, San Mateo. Classic 1907 Victorian with large open living room, kitchen/dining, se...
02/07/2026

Open Sat. 1-3pm, Sun. 11-1pm. 137 Elm, San Mateo. Classic 1907 Victorian with large open living room, kitchen/dining, separate front office, sun room and secluded yard on oversized 9,000 sqft lot. Traditional bench seat entry welcomes guests to this grand estate waiting for your remodel and upgrades. Kitchen features built-in oven, dishwasher, gas range with custom hood & large walk-in pantry. Separate laundry room, hardwood floors, rear patio. Detached two car garage with original carriage house would be ideal for an ADU. Newer shingled roof & new sewer lateral. Easy access to downtown shops, parks & transportation. $2,375,000

02/07/2026

1213 Claremont open Feb 7th 2-4 pm. Reduced for immediate sale!!! Affordable fixer in wonderful Sunnybrae neighborhood, minutes from downtown San Mateo. Dual pane windows & large kitchen just waiting for your upgrade. Additional bedroom, bath & large walk-in closet has separate entrance perfect for an ADU if a kitchenette is added. Seller already installed new sewer lateral. New roof in 2017. Bring your vision & contractor to make this your own. $1,495,000

Open 10/25 & 26th 2-4 PM. STUNNING Menlo Oaks estate offering 4 bedrooms, 3.5 baths with 2 ensuite bedrooms, a large liv...
10/20/2025

Open 10/25 & 26th 2-4 PM. STUNNING Menlo Oaks estate offering 4 bedrooms, 3.5 baths with 2 ensuite bedrooms, a large living room & dining area with vaulted ceilings, an updated gourmet kitchen with large island, inside laundry, 3 fireplaces & one car garage. Bright primary bedroom on the main floor with large picture windows opens to the rear yard, ideal for indoor/outdoor living, plus additional primary upstairs with walk-in closet, fireplace, soaking tub and balcony overlooking garden. New interior paint, owned solar panels with back-up battery, EV charger & tankless water heater. Stellar Menlo Park schools & in close proximity to everything Peninsula has to offer, including downtown Menlo Park, Library, Parks, vibrant Palo Alto, Caltrain & an easy commute to 280 & 101. Lic: 00480064

08/14/2025

🌳 Neighborhood Spotlight: Burlingame 🌳
Known as the “City of Trees,” Burlingame is one of San Mateo County’s most charming spots to call home. Here’s the details:

🏡 Median Sold Price (July 2025): ~$2,800,000
☕ Local Favorite: Blue Bottle Coffee on Burlingame Ave. — perfect for weekend strolls.
🎓 Schools: Highly rated public and private options, including Burlingame High.
🌿 Lifestyle: Tree-lined streets, boutique shops, and an easy Caltrain commute.
💬 Why I love it: “Burlingame has that rare mix of small-town warmth and Peninsula convenience — plus a great Saturday farmers market.”

Thinking about moving to Burlingame? I’d be happy to give you the inside scoop (and maybe a coffee shop recommendation or two 😉).

08/11/2025

🏡 San Mateo County Housing Snapshot – July 2025
Here’s how the local market shaped up last month:

💰 Median Sold Price: $2,000,000
⏱ Median Days on Market: 21 days
📥 New Listings: 462
📈 Homes Sold: 361

💡 What this means for you:

* Buyers: With homes selling in just about 3 weeks, being pre-approved before you shop is more important than ever.

* Sellers: A $2M median sold price shows demand is strong — pricing right can still attract serious offers quickly.

Whether you’re making a move this year or just curious about your home’s value, I’m here to help you navigate the market with confidence.

📩 DM me for a free, no-pressure home valuation.

453 Grand Ave, SSF. 2,240 sqft. 3-plex consisting of a 2 bedroom single family home with new roof plus a detached duplex...
04/21/2025

453 Grand Ave, SSF. 2,240 sqft. 3-plex consisting of a 2 bedroom single family home with new roof plus a detached duplex on 450 Third Lane consisting of a 1 bedroom with new dual pane windows and a studio on a huge 7,000 sf lot. All separate meters. Zoned GAC for retail on ground and high density residential above up to 65'. $1,575,000. Perfect for developer or fixer. Lic #00480064

We are thrilled to announce a 100-point score from Jonathan Cristaldi of Decanter for our 2021 flagship wine, AxR1. This...
09/20/2024

We are thrilled to announce a 100-point score from Jonathan Cristaldi of Decanter for our 2021 flagship wine, AxR1. This incredible recognition reflects the unwavering dedication, passion, and expertise of our winemaker/partner, Jean Hoefliger, along with our entire team. Their hard work and commitment have brought this prestigious honor to fruition, and we couldn’t be more proud or grateful. Only a few cases left!

As over 60% of my real estate brokerage is in commercial property, multifamily investments still have the lowest interes...
09/16/2024

As over 60% of my real estate brokerage is in commercial property, multifamily investments still have the lowest interest rates offered with a slight rebound in retail, while office continues to lag.

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Redwood City, CA

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