Tag Archive: San Mateo County Real Estate

San Mateo County Real Estate Market Update – June 2021

Prices in San Mateo County posted strong gains last month across both single-family homes and condos/townhouses. For single-family homes, median sale prices have continued to accelerate. This is great news for sellers, but this rate of growth is not sustainable. Condos and townhouses posted strong price gains last month and are poised to cross back into positive growth territory next month if these trends continue....

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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 – 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 – December 2020

For the first time in 6 months, median sale prices for single-family homes (SFR), condos, and townhouse prices are all now rising. This underscores what we’ve been seeing – the real estate market is thriving on the Peninsula, and properties are selling fast. For single-family homes, 2020 has proven to be a banner year, with prices up 11%. The rapid rate of price increases we...

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San Mateo County Real Estate Market Update – November 2020

Single family homes showed strong gains again in October, continuing the acceleration that started in July. Inventory is continuing to decline, with the lowest levels we’ve seen in 2020. Overbids (sales that close higher than list price) are slowly inching up – now at 3% over asking county-wide. The number of houses being put on the market is up significantly, while the number of houses...

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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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MLSListings Quarterly Market Overview – Q2 2020

Prepared by Elliot Eisenberg, PhD., MLSListings Partner Economist Internationally acclaimed economist, public speaker, and MLSListings Partner Economist, Elliot Eisenberg, PhD., recently published his Quarterly Market Overview for the second quarter of 2020. Here are Eisenberg’s insightful takes on: National Economic OverviewMarket Overview by MLSListings County Q2 2020 National Economic Overview After a strong start to the year, the US economy was put into a coma...

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

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