December 20, 2021
In November, San Mateo’s median sold price for single-family homes increased to $2,002,000. That is up 31.3% compared to the same time last year. The number of homes sold was down compared to the previous month to 479 which was a 4.0% decrease year-over-year. The number of new listings decreased month-over-month to 350 which was a 13.4% decrease year-over-year. Inventory on the market decreased again...
December 17, 2021
The season of giving is really January-December. Many charities close to my heart get automatic monthly donations. I like to do that as it gives them consistency to rely on. But now and then many of us are inclined to give a little extra, and the holidays are certainly such an occasion. I recently used Facebook to prod for extra donations to Second Harvest Food Bank in...
November 19, 2021
In October, San Mateo’s median sold price for single-family homes increased to $1,903,750. That is up 19.7% compared to the same time last year. The number of homes sold was down compared to the previous month to 482, which was a 17.6% decrease year-over-year. The number of new listings increased month-over-month to 510, which was a 24.8% decrease year-over-year. Inventory on the market decreased in...
November 19, 2021
MLSListings Silicon Valley and Coastal Regions Single-Family Homes Market Overview Inventory & New Listings Down, Prices Up in October As we near the end of 2021, we’re seeing drops in inventory and new listings from both a month-over-month andyear-over-year (YoY) perspective. 4 of 5 MLSListings counties saw YoY inventory drops, ranging from 19% to 40%;San Benito County gained 12%. Median sale prices increased YoY in...
October 22, 2021
Spooky season is here and what better time to get lost in a sea of orange? Whether you’re looking to get that annual hay stack photo, pick the biggest pumpkin to carve, or get lost in a corn maze, we’ve got plenty of options on where to start. SOUTH BAY + PENINSULA Andreotti Family Farms Pumpkin Patch + Corn Maze (800 Cabrillo Hwy //...
October 21, 2021
San Mateo’s median sold price for single-family homes continued the slow downward trend over the last few months with the September median sold price being $1,879,000. That is still up 10.5% compared to September 2020. The number of homes sold was down slightly compared to last month to 505 which was a 0.6% increase year over year. The number of new listings was also down...
October 21, 2021
I am happy to share Dr. Eisenberg’s economic outlook with you, below. I pride myself on providing timely and meaningful information. As always, if there is any topic you would like me to cover or specific market information you would like to see, please let me know. Prepared by Elliot Eisenberg, PhD., MLSListings Partner Economist Internationally acclaimed economist, public speaker, and MLSListings Partner Economist, Elliot...
September 21, 2021
In August, San Mateo’s median sold price for single-family homes continued the slow downward trend the last few months with the August median sold price being $1,925,000. That is still up 6.9% compared to August 2020. The number of homes sold was down slightly compared to last month to 409 which was a 4.3% increase year over year. The number of new listings was also...
August 24, 2021
In July, prices in San Mateo County have somewhat pulled back from June’s strong gains last month across both single-family homes and continued the two-month downward trend for condos/townhouses. Single-family home buyers are still facing a frenetic buying environment where multiple offers and substantial overbids are the norm and properties are selling very quickly. Offers have stabilized the last three months at 6% over list...
July 23, 2021
Sunday, June 25 is National Wine and Cheese Day! If ever there was a holiday to get behind, this is it! I really don’t need an excuse to imbibe, but it is nice that we have a dedicated day to proclaim our appreciation for gourmet faire. Red or White is the question. Wine tasting is one of my favorite pastimes. It is one of the...