Tag Archive: Real Estate Market Trends

San Mateo County Real Estate Market Update – May 2021

Sales data from April reflects a continuation of the price trends we’ve seen recently. For single-family homes, prices are up sharply again. Price acceleration hit its peak in October 2020 at a whopping 18% year-over-year and is up 3% since last month. This doesn’t seem sustainable, yet there’s no indication that things are shifting any time soon. Condo and townhome prices have been mixed over...

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MLSListings Quarterly Market Overview – Q1 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...

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San Mateo County Real Estate Market Update – April 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...

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San Mateo County Real Estate Market Update – March 2021

The real estate market in Santa Mateo County is behaving differently according to housing type – single-family home versus condos and townhouses. Prices for single-family homes are appreciating sharply, while condo and townhome prices have continued their slide, though at a more gradual rate than before. The median sale price of single-family homes is up 11.5%, up 17% from last month alone. Overbids are creeping...

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San Mateo County Real Estate Market Update – February 2021

The trends continue. Sale prices of single-family homes in San Mateo County are continuing their strong climb, but not at the sky-high rates we saw in August through October of last year. Those rates were unsustainable – it isn’t a bad thing that they are no longer climbing that fast. A quick look at other metrics – inventory is still extremely low favoring sellers. Sale...

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San Mateo County Real Estate Market Update – October 2020

The strong performance of single-family homes continued in September, with median sale prices up significantly from the same period last year. Condos and townhouses are not seeing this bump – prices have been very gradually declining compared with similar periods in the prior two years. Inventory of single-family homes is continuing to decline and strongly favoring sellers. For condos and townhouses, inventory is continuing to...

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San Mateo County Real Estate Market Update – September 2020

Sale prices for single-family homes showed strong gains again, continuing the trend of buyers opting for single-family homes over condos and townhouses. Prices for condos and townhouses are still declining, though at a slightly slower pace than the past few months. Generally, properties are selling very close to list price. Though inventory levels are objectively low, they are inching up for single family homes, and...

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San Mateo County Real Estate Market Update – August 2020

As the pandemic lingers and its effect of permanent business closures, job losses and steep declines in both business and personal income continues, the San Mateo County real estate market has begun to reflect the impact. As people spend more time in their homes, buyers are opting for single family homes rather than condos or townhouses. This is reflected in the median sale price trends,...

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Signs of Optimism in the Real Estate Market

If you’ve been reading my market updates, this article will come as no surprise. Karl Lee, Chairman of MLS Listings, penned a nice article for the SFGate on Tuesday. In the piece, Lee expresses several reasons for the optimism that has been showing in the market. I am there for you. If you realize this will be a good time to capitalize on market conditions...

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