Q4 2019 Market Overview of San Mateo County – from MLS Listings

San Mateo County – Q4 2019

• In San Mateo County, median sales prices for single family homes rose to an all-time high of $1.544 million.

• Inventories have rebounded slightly from 2017 but are still very low.

• Sales are dismal; the weakest they’ve been since 2008.

• All metrics still point to a very tight market – there are very few active listings, median days-on-market is just 14 and final sales price is consistently well above listing price.

• “Even with prices hovering around $1.5 million, there’s simply nothing to buy.” – Elliot Eisenberg, PhD

• The common interest market in San Mateo is not quite as tight as the single-family market and seems to have loosened up a bit from last year, as seen in median sales price declining from $920k to $901k, and days on market rose slightly. However, inventories remain tight.

 

For private tours & buyer consultation meeting, contact Lynne MacFarlane, Realtor

DRE #02066698

(831) 346-2743 text/voice

lmacfarlane@intero.com

 

 

 

 

Lynne MacFarlane Homes

Posted on February 5, 2020 at 12:03 am
Lynne (Watanabe) MacFarlane | Category: Housing Market, SAN MATEO COUNTY | Tagged , , , ,

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