October 19, 2022
In San Mateo County, the median sold price for single-family homes in September decreased month-over-month to $1.7 million. The number of homes sold decreased to 359, and the number of new listings decreased to 471. The number of condo and townhouse sales decreased to $910 thousand with 92 units sold and 158 new listings. Buyers are also still being aggressive with their offer prices, with...
September 14, 2022
In San Mateo, the median sold price for single-family homes in August 2022 was similar to last year at $1.8 million. The number of homes sold decreased to 339 and the number of new listings also decreased to 406. The number of condo & townhomes sales decreased month-over-month to $899 thousand with 128 units sold and 144 new listings. Buyers are also still being aggressive...
August 23, 2022
In San Mateo, the median sold price for single-family homes in July slightly decreased month-over-month to $1.8 million. The number of homes sold decreased to 330 and the number of new listings also decreased to 443. The number of condo & townhouses sales decreased month-over-month at $897,500 with 110 units sold and 149 new listings. Buyers are also still being aggressive with their offer prices,...
July 14, 2022
San Mateo’s median sold price for single-family homes slightly decreased month-to-month to $2.15 million. The number of homes sold decreased to 322 while the number of new listings was 889. The number of condo & townhouses sales decreased marginally to $1 million with 335 new listings and 109 homes sold. Buyers are also still being aggressive with their offer prices, with the median offer price...
June 17, 2022
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...
May 19, 2022
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,...
April 21, 2021
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...
January 21, 2021
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...
September 14, 2020
Are you looking to buy or sell your home? Please see the September market update for each city in the Peninsula. Let me know if you want to discuss. Peninsula Home Updates
July 15, 2020
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...