Welcome to this month’s San Mateo County real estate market report, presented to you by the Chris Eckert Real Estate Team.
Are you in the market for a new home? Utilize our search tool to find properties in your price range. Be sure to save your searches and be notified as soon as matching properties become available.
Are you considering selling your home? Take advantage of our free home valuation tool to get an idea of your home’s worth. Then give us a call, and we can help you get your home priced competitively and sold as quickly as possible.
San Mateo Housing Statistics
The San Mateo housing market average sales price for single-family homes is $1,527,500, down last month from $1,560,000; but up 1.8% compared to this time last year.
There are approximately 1.4 months of inventory on the market, and homes are staying on the market an average of 31 days. The median number of days on the market for homes before being sold is 14.
There were 397 new single-family residences to come on the market during August 2019; an increase from 371 last month, but a decline of 14.07% over the past year.
A total of 346 single-family homes sold during August 2019, was a drop from 399 in July, and down 10.59% over the last 12 months.
The list to sale price ratio has held at 104.0% for the summer, down from its highs 112.0% during April 2018.
San Mateo Condo Stats
The median sales price for condos in the San Mateo real estate market is $1,015,000 is up compared to $915,000 last month, and up 12.8% over the last 12 months.
There are approximately 1.2 months of condo inventory available, and averaging 29 days on the market before being sold. The median number of days on the market for condos is 13.
There were 121 new condo listings during August 2019, up 7.08% over the year. A total of 115 condos sold during August compared to 129 last month, and the total number of condos sold is down 4.17 over the past 12 months.
The list to sale price ratio for condos in the San Mateo area increased to 102.5% from 102.0% during August 2019. The list to sale price ratio dropped over the summer, down from the May average of 104.3%.
What Does This Mean For Buyers?
Buyers should have financing in place and be prepared to submit the most competitive offer when they find a home to purchase.
Buyers in the San Mateo County real estate market should be decisive and prepared to act when the perfect property is found.
Buyers should work closely with their realtor to assist with submitting
a competitive offer. Be sure to search our database for properties that match your price range, and then give us a call so we can answer your home buying questions.
What Does This Mean For Sellers?
Sellers in the San Mateo County area are enjoying continued demand for properties.
Sellers are getting approximately 104.1% of their asking price during August, and this number has held steady over the summer.
Sellers interested in selling their homes should give us a call a today and we can get your home listed as quickly as possible.
See Additional Reports on the San Mateo County Real Estate Market
San Mateo County Homes for Sale
Here are the most recent home listings just added to the database in the median sale price range for San Mateo County. All homes here are priced at $1,527,500 or less.
San Mateo County Condos for Sale
Here are the most recent condominium listings just added to the database in the median sale price range for San Mateo County. All homes here are priced at $1,015,000 or less.
