Categories for Real Estate Market Update

San Mateo County Real Estate Market Update- June 2022

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San Mateo’s median sold price for single-family homes slightly decreased month-to-month to $2.24 million. The number of homes sold was 391 while the number of new listings was 775. The number of condo & townhouses sales decreased marginally to $1.075 million with 302 new listings and 127 homes sold. Buyers are also still being aggressive with their offer prices, with the median offer price continuing...

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San Mateo County Real Estate Market Update- May 2022

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San Mateo’s median sold price for single-family homes increased month-to-month to $2.4 million, continuing to create an all-time high. The number of homes sold was 377 while the number of new listings was 757. The number of condo & townhouses sales increased this month to $1.1 million with 268 new listings and 132 homes sold. Buyers are also still being aggressive with their offer prices,...

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San Mateo County Real Estate Market Update – April 2021

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Sales data from March reflects a small shift in the price trends we’ve seen recently. For single-family homes, prices have continued the rise that started in November 2019. Price acceleration hit its peak in October 2020 at a whopping 18% year-over-year and is now sitting at 10%, which is still objectively high. Interestingly, condo and townhome prices have been mixed over the same period. Though...

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San Mateo County Real Estate Market Update – January 2021

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The San Mateo County real estate market ended the year with sale prices for single-family homes (SFR) up, and condos/townhouses down, +9.2% and -2.9% respectively. This isn’t unexpected. When real estate markets shift or face uncertainty, condos and townhouses will lose their value faster, and recover slower, than single-family homes. Demand is still very strong, with SFR inventory down 20% from last year’s already low...

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San Mateo County Real Estate Market Update – July 2020

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The San Mateo County June sales data shows the tale of two markets. The market for single-family homes is heating up. The cooling effect we saw during the peak of shelter-in-place is waning. Prices are rising again, albeit at a slower rate than earlier this year. Inventory is decreasing which makes it a more competitive market for buyers. Agents are reporting multiple offers and properties...

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MLSListings Real Estate Market Update – April 2020

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MLSListings Silicon Valley and Coastal Regions Single-Family Homes Market Overview Positive Momentum Curtailed by Shelter-in-Place Prior to the March 16 shelter-in-place (SIP) order, the first half of March was looking quite promising in terms of sales and prices. In fact, 3 counties (Monterey, San Mateo and Santa Clara) ended March with higher median prices than a year ago despite the SIP. Also telling was that...

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Market Update- April 2020

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San Mateo County Real Estate Market Update – April 2020 The county-wide shelter in place order that took effect in mid-March ground most real estate activity to a halt. Our local MLS shut down virtually all activity – no open houses, no brokers tours, no private showings. These restrictions eased slightly with the recent ruling by the State of California that residential real estate is...

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MLSListings Real Estate Market Update – March 2020

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MLSListings Silicon Valley and Coastal Regions Single-Family Homes Market Overview Inventory and Median Days on Market Drop Again Inventory was again down year-over-year across all five MLSListings counties, maintaining a trend from the end of 2019. Inventory fell the least in Santa Cruz (12% less than last year) and decreased the most in Santa Clara (37% less than last February). The market continued to move...

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